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Gold reserves?

KUCHKUCH Posts: 1,186
in Precious Metals
What is the percentage of gold held in reserves?image

Comments

  • derrybderryb Posts: 36,788 ✭✭✭✭✭
    The biggest individual holders of gold—central banks, international organizations and governments—are believed to account for approximately 16.5 percent of the world's gold, holding about 30,700 tons.

    However, this does not mean that the remaining 83.5% is available on the open market. A lot of it is in strong hands and being held tightly.

    World's largest gold reserves by country

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • KUCHKUCH Posts: 1,186
    30K plus tons. Thanks for the info.
  • nibannynibanny Posts: 2,761 ✭
    With the Pope stepping down I was wondering how much gold is own bu the Vatican.
    I read an article (but I can't find the link again) where the estimated quantity of gold was huge.
    If I am not mistaken, they where saying that until the 1500-1600 the Vatican owned more than 50% of the gold available.

    Doea anyone have more info about this?
    The member formerly known as Ciccio / Posts: 1453 / Joined: Apr 2009
  • PokermandudePokermandude Posts: 2,713 ✭✭✭
    Gold - Visualized
    http://stores.ebay.ca/Mattscoin - Canadian coins, World Coins, Silver, Gold, Coin lots, Modern Mint Products & Collections
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