The situation in Russia raises concerns within the precious metals market that the central bank might sell its holdings of gold and palladium. The amount of palladium holdings is unknown, but for gold, the Central Bank of Russia is currently the sixth largest holder of the metal at 1,168.7 tonnes, after having built up its gold reserves over the last several years. The CBR's gold holdings make up about 10.2% of total reserves. ...Russia's gold reserves are worth about $45bn around current price levels. To put this into context, the CBR's currency intervention year-to-date has been more than $80bn. Even if the entire ... (full story)