Russia boosted gold reserves by the most since defaulting on local debt in 1998, driving its bullion holdings to the largest in at least two decades.
The country expanded its stockpile, the world’s fifth-biggest, by 37.2 metric tons in September to 1,149.8 tons, according to data on the International Monetary Fund’s website.
5th grader? Two days ago I posted that a noted climate expert from Princeton University says climate change is a fart. It proves you are less than a moron.
Climate change or not, it is a natural occurrence and not caused by man made CO2, you stupid fork.
Once in a while my ess cracks, that doesn't mean I am not healthy, you stupid foruk.
Climate expert William Happer, from Princeton University, supported Mr Coleman's claims.
He added: "No chemical compound in the atmosphere has a worse reputation than CO2, thanks to the single-minded demonisation of this natural and essential atmospheric gas by advocates of government control and energy production.
"The incredible list of supposed horrors that increasing carbon dioxide will bring the world is pure belief disguised as science."
In 2010 a high-level inquiry by the InterAcademy Council found there was "little evidence" to support the IPCC's claims about global warming.
It also said the panel had purposely emphasised the negative impacts of climate change and made "substantive findings" based on little proof.
THE debate about climate change is finished - because it has been categorically proved NOT to exist, one of the world's leading meteorologists has claimed.
John Coleman, who co-founded the Weather Channel, shocked academics by insisting the theory of man-made climate change was no longer scientifically credible.
Instead, what 'little evidence' there is for rising global temperatures points to a 'natural phenomenon' within a developing eco-system.
In an open letter attacking the Intergovernmental Panel on Climate Change, he wrote: "The ocean is not rising significantly.
"The polar ice is increasing, not melting away. Polar Bears are increasing in number.
"Heat waves have actually diminished, not increased. There is not an uptick in the number or strength of storms (in fact storms are diminishing).
"I have studied this topic seriously for years. It has become a political and environment agenda item, but the science is not valid."
Mr Coleman said he based many of his views on the findings of the NIPCC, a non-governmental international body of scientists aimed at offering an 'independent second opinion of the evidence reviewed by the IPCC.'
He added: "There is no significant man-made global warming at this time, there has been none in the past and there is no reason to fear any in the future.
"Efforts to prove the theory that carbon dioxide is a significant greenhouse gas and pollutant causing significant warming or weather effects have failed.
"There has been no warming over 18 years."
TIANJIN, China--Shandong Zhaojin Group Co., one of China's largest gold producers, is in talks to acquire gold-mining assets in North America and Australia, Chairman Lu Dongshang said Wednesday.
The state-controlled ingot producer, which has a listed unit in Hong Kong, is in variously advanced and preliminary stages of discussions with potential targets, Mr. Lu said on the sidelines of an industry conference. He declined to disclose the identities of the targets.
Even as gold prices have fallen 10% this year due to low inflationary pressures and a stronger dollar, Chinese gold producers have continued to scour the world for mining assets, betting that resilient longer-term domestic demand will underpin their investments.
While an avid buyer of domestic assets, Zhaojin has tended to lag behind larger Chinese rivals like China National Gold Corp., Zijin Mining Group Co. and Shandong Gold Group Co. in pursuing foreign acquisitions.
Despite recently failed talks on acquiring Ivanhoe Mines Ltd.'s African properties, China National Gold said earlier this year it is also still on the hunt for global assets, and is exploring partnerships with Barrick Gold Corp .
Zijin's $223 million takeover of Australia's Norton Gold Fields Ltd. in 2012 gave Chinese state-owned gold miners one of their most significant successes in securing offshore assets, paving the way for more Chinese ventures abroad to try to plug output shortfalls in resource-scarce China.
Shandong Gold failed in its $1 billion bid for Brazil's Jaguar Mining Inc. in 2011, but successfully took a $238 million stake in Australia's Focus Minerals Ltd. the following year.
China consumes about 1,176 metric tons of gold a year but produces only 428 tons, leaving considerable room for imports, according to the China Gold Association. Gold imports are tightly controlled by the government, with only a handful of banks and state-owned gold producers permitted to undertake shipments.