The big gold news yesterday came from the monthly update over at The Central Bank of the Russian Federation. They reported purchasing 300,000 ounces of gold bullion for their reserves in August. Year-to-date they’ve purchased 3.1 million ounces… a hair over 96 tonnes. I’m sure China is socking away gold as well, except they aren’t advertising the fact. Russia is broadcasting it to the world. Here’s the graph courtesy of Richard Nachbar and his most excellent assistant, Susan McCarthy.