What countries hold the gold.

P

Peter

Well-Known Member
Quote from article

It is now more obvious than ever that gold is becoming the new global reserve currency. Continuous and aggressive central-bank actions from the United States and Europe are driving the demand for gold. Investors have not yet seen any of the real hyperinflationary pressures that seem likely down the road.

Gold's substantial rise in price should speak for itself. In dollar terms, gold returned 11.1% in the third quarter and was up by 16% year-to-date through the end of the quarter. The World Gold Council said that gold has a low stock-market correlation through time. That was not the case in the third quarter. Gold still outperformed almost all the major equity markets in the largest gold-holding nations in 2012.
FROM 24/7 WALL ST.
8 stocks held by large holders
10 nations controling world's gold
How low can mortgage rates go?

24/7 Wall St. analyzed how the gold rankings compare to each major nation's gross domestic product and how those figures compare to the top 10 holders of gold. What is surprising in some cases is how countries with the largest GDP are not necessarily the largest holders of gold. Two small nations, the Netherlands and Switzerland, are major holders of gold

More at
http://www.marketwatch.com/story/10-nations-that-control-the-worlds-gold-2012-10-20
 
Rank Country Gold (Tonnes) Gold's share of FX reserves (%)
1 United States 8133.5 76.90%
2 Germany 3396.3 74.20%
3 IMF (International Monetary Fund) 2814.1 N.A.
4 Italy 2451.8 73.90%
5 France 2435.4 73.70%
6 China 1054.1 1.80%
7 Switzerland 1040.1 16.80%
8 Russia 873.6 9.60%
9 Japan 765.2 3.30%
10 Netherlands 612.5 63.00%
11 India 557.7 10.00%
12 ECB (European Central Bank) 502.1 34.80%
13 Taiwan 422.4 6.10%
14 Portugal 382.5 89.80%
15 Venezuela 372.9 71.10%
16 Saudi Arabia 322.9 3.30%
17 United Kingdom 310.3 18.00%
18 Lebanon 286.8 32.50%
19 Spain 281.6 35.50%
20 Austria 280.0 58.30%
21 Belgium 227.5 41.80%
22 Turkey 179.1 10.60%
23 Algeria 173.6 5.10%
24 Thailand 152.0 4.80%
25 Libya 143.8 N.A.
26 Philippines 143.3 10.60%
27 Singapore 127.4 3.00%
28 Sweden 125.7 13.90%
29 South Africa 125.0 14.00%
30 Bank for International Settlements 119.0 N.A.
31 Greece 111.6 83.00%
32 Mexico 106.2 4.00%
33 Romania 103.7 12.10%
34 Poland 102.9 5.80%
35 Australia 79.9 10.00%
36 Kuwait 79.0 14.30%
37 Egypt 75.6 16.80%
38 Kazakhstan 73.6 12.80%
39 Indonesia 73.1 3.60%
40 Denmark 66.5 4.00%
41 Pakistan 64.4 19.50%
42 Argentina 54.7 6.70%
43 Korea 54.4 0.70%
44 Bolivia 49.3 22.50%
45 Finland 49.1 25.30%
46 Bulgaria 39.9 12.60%
47 Belarus 39.6 25.00%
48 WAEMU* 36.5 13.10%
49 Malaysia 36.4 1.50%
50 Peru 37.7 4.00%
 
^^^^
No bets on that one. Even if that wasn't true, I would bet that Germany is a lot closer than this list suggests.
 
I am surprised how little gold Canada keeps in reserves and I thought Australia was on the low side.
 
India at No 11 is a surprise..However most gold in India is held by private individuals..

Seen a graph recently where it was claimed that Indian citizens hold collectively more gold than the USA, Germany and China. If I come across it again I will post it up here on this thread. Someone else might have seen it and do the good deed.

Regards Errol 43

Edited for spelling..very first word. :)
 
Mel427 said:
^^^^
No bets on that one. Even if that wasn't true, I would bet that Germany is a lot closer than this list suggests.
Click to expand...
http://www.zerohedge.com/news/2012-...ands-bundesbank-audit-sovereign-gold-holdings
The German court of auditors (Bundesrechnungshof) has demanded that the Bundesbank undertake an audit of its gold reserves. In an 'audit-the-fed' style effort, the court wants to ensure that the nearly 3400 tons of gold is in fact in existence - 'because stocks have never been checked for authenticity and weight'. Furthermore, the Bundesbank's gold is stored in three other vaults around the world: The Bank of England, The Bank of France, and the US Federal Reserve. The court questions the practice of relying on a written confirmation from the custodians (foreign central banks). The decision means negotiating with the three foreign central banks for physical verification but in anticipation, the Bundesbank has begun the process of shipping 50 tons per year from the Fed back to Germany for the next three years.

Germany's apparent (unchecked and unverified) gold holdings are second only to the USA's (just as unaudited levels)...
Click to expand...
[youtube]http://www.youtube.com/watch?v=ILwZuO8fWpM[/youtube]
Zorg: This case is empty.
[switches to conversation between Cornelius and Leeloo, who is laughing]
Priest Vito Cornelius: What do you mean, empty?
[back to conversation between Zorg and Aknot]
Zorg: Empty. The opposite of full. This case is supposed to be full! Anyone care to explain?
Leeloo: [back to Leeloo, speaking in the Divine Language]
Priest Vito Cornelius: The guardians... gave the stones... to someone they could trust... who-who took another route... she's supposed to contact this person... in a hotel... and she's looking for the address. Easy.
Leeloo: [points to the computer screen] Dort.
David: It's-it's planet Fhloston, in the Angel Constellation!
Priest Vito Cornelius: We're saved.
[back to Zorg and Aknot]
Zorg: I'm screwed.
Click to expand...
mmm...
 
Mel427 said:
Rank Country Gold (Tonnes) Gold's share of FX reserves (%)
1 United States 8133.5 76.90%
2 Germany 3396.3 74.20%
3 IMF (International Monetary Fund) 2814.1 N.A.
4 Italy 2451.8 73.90%
5 France 2435.4 73.70%
6 China 1054.1 1.80%
7 Switzerland 1040.1 16.80%
8 Russia 873.6 9.60%
9 Japan 765.2 3.30%
10 Netherlands 612.5 63.00%
11 India 557.7 10.00%
12 ECB (European Central Bank) 502.1 34.80%
13 Taiwan 422.4 6.10%
14 Portugal 382.5 89.80%
15 Venezuela 372.9 71.10%
16 Saudi Arabia 322.9 3.30%
17 United Kingdom 310.3 18.00%
18 Lebanon 286.8 32.50%
19 Spain 281.6 35.50%
20 Austria 280.0 58.30%
21 Belgium 227.5 41.80%
22 Turkey 179.1 10.60%
23 Algeria 173.6 5.10%
24 Thailand 152.0 4.80%
25 Libya 143.8 N.A.
26 Philippines 143.3 10.60%
27 Singapore 127.4 3.00%
28 Sweden 125.7 13.90%
29 South Africa 125.0 14.00%
30 Bank for International Settlements 119.0 N.A.
31 Greece 111.6 83.00%
32 Mexico 106.2 4.00%
33 Romania 103.7 12.10%
34 Poland 102.9 5.80%
35 Australia 79.9 10.00%
36 Kuwait 79.0 14.30%
37 Egypt 75.6 16.80%
38 Kazakhstan 73.6 12.80%
39 Indonesia 73.1 3.60%
40 Denmark 66.5 4.00%
41 Pakistan 64.4 19.50%
42 Argentina 54.7 6.70%
43 Korea 54.4 0.70%
44 Bolivia 49.3 22.50%
45 Finland 49.1 25.30%
46 Bulgaria 39.9 12.60%
47 Belarus 39.6 25.00%
48 WAEMU* 36.5 13.10%
49 Malaysia 36.4 1.50%
50 Peru 37.7 4.00%
Click to expand...

Q. What proof is there that the US actually holds the amount of gold it claims?
Q. But where is the German gold? (answer: in the USA)?

And they are the top two holders of Gold. The stats themselves are not quite so straight forward as it might seem.
 
Lovey80 said:
My bet is that China is already sitting somewhere between Germany and the USA.
Click to expand...

My bet is that China already has in reality more than either Germany or the USA. Does anyone really think the Chinese would make Targets of themselves by revealing that they are topdog in terms of gold reserves? Just like the US probably manipulates it's figures upwards, the Chinese are likely manipulating there's downwards.

In the mean time, us Australians just stay "manipulated". :lol:
 
TheBullionBoss said:
are these holding audited?
Click to expand...

LOL There are entire threads on the topic of the US gold holdings (and apparent lack of auditing) alone. :lol:
 
Central Banks of other countries are starting to accumulate / repatriate their gold.

Our country has bucketloads yet most is mined by companies with large percentages of international shareholders on their registries and the gold is usually waving goodbye to the great Southern land as it is shipped oversea's......... !!!

Has anyone taken this up with their local members / Govt Rep's about what our Govt policy / stance is on accumulating / storing gold, any strategic Govt vision (Yeh I know, stop laughing) or is there already a thread someone on this?

Any thoughts ? ................................................
 
Occasionally I wondered how the in-ground gold could be taken into account in these statistics. It could also be seen as "some sort of a gold reserve". Of course, it can't be mined for free, but it's probably easier for Australia to mine their gold than it is for Germany to get their gold out of the fed vaults :lol: . And considering that, the satistics would roughly look like
Australia: 3400 tonnes
Germany: 0.000001 tonnes or so...
 
Mel427 said:
Rank Country Gold (Tonnes) Gold's share of FX reserves (%)
1 United States 8133.5 76.90%
2 Germany 3396.3 74.20%
3 IMF (International Monetary Fund) 2814.1 N.A.
4 Italy 2451.8 73.90%
5 France 2435.4 73.70%
6 China 1054.1 1.80%
7 Switzerland 1040.1 16.80%
8 Russia 873.6 9.60%
9 Japan 765.2 3.30%
10 Netherlands 612.5 63.00%
11 India 557.7 10.00%
12 ECB (European Central Bank) 502.1 34.80%
13 Taiwan 422.4 6.10%
14 Portugal 382.5 89.80%
15 Venezuela 372.9 71.10%
16 Saudi Arabia 322.9 3.30%
17 United Kingdom 310.3 18.00%
18 Lebanon 286.8 32.50%
19 Spain 281.6 35.50%
20 Austria 280.0 58.30%
21 Belgium 227.5 41.80%
22 Turkey 179.1 10.60%
23 Algeria 173.6 5.10%
24 Thailand 152.0 4.80%
25 Libya 143.8 N.A.
26 Philippines 143.3 10.60%
27 Singapore 127.4 3.00%
28 Sweden 125.7 13.90%
29 South Africa 125.0 14.00%
30 Bank for International Settlements 119.0 N.A.
31 Greece 111.6 83.00%
32 Mexico 106.2 4.00%
33 Romania 103.7 12.10%
34 Poland 102.9 5.80%
35 Australia 79.9 10.00%
36 Kuwait 79.0 14.30%
37 Egypt 75.6 16.80%
38 Kazakhstan 73.6 12.80%
39 Indonesia 73.1 3.60%
40 Denmark 66.5 4.00%
41 Pakistan 64.4 19.50%
42 Argentina 54.7 6.70%
43 Korea 54.4 0.70%
44 Bolivia 49.3 22.50%
45 Finland 49.1 25.30%
46 Bulgaria 39.9 12.60%
47 Belarus 39.6 25.00%
48 WAEMU* 36.5 13.10%
49 Malaysia 36.4 1.50%
50 Peru 37.7 4.00%
Click to expand...

WAEMU are holding their gold "together". Wow, that's interesting! A lot of trust among members...

The IMF is 3rd, that proves us that gold is indeed an important hard asset.
 
You must log in or register to reply here.
Back
Top