Show WHY RUSSIA HOARDS GOLD at the meeting of the british institute of bankers mr L of st petersburg gave an explanation of the large stock of gold held toy the russian imperial bank at present this amounts to about pounds while the gold held ty the bank of france amounts to only 72 pounds that of germany 37 pounds that of the united states pounds and that of england to pounds mr explanation is that russia Is compelled to hold the gold as against the issue of ruble notes and that even were this not the case the russian gold reserve would not be excessively ces large per head of the population compared with the quantity held per head in england france and germany in fact it is much below the proportion per head in those countries |