Vibs
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With global markets on a downward spiral and gold prices touching record highs I decided to check for gold reserves held across the globe. Gold reserves are seen as safe forms of reserves,protected from market fluctuations and changes in exchange rates. Here's what I found.
WORLD OFFICIAL GOLD HOLDINGS
International Financial Statistics, January 2011*
Tonnes % of reserves**
1 United States 8,133.5 75.2%
2 Germany 3,401.8 71.2%
3 IMF 2,827.2 1)
4 Italy 2,451.8 69.6%
5 France 2,435.4 67.2%
6 China 1,054.1 1.8%
7 Switzerland 1,040.1 17.6%
8 Russia 784.1 7.2%
9 Japan 765.2 3.1%
10 Netherlands 612.
11 India 557.7 8.5%
12 ECB 501.4 29.3%
13 Taiwan 423.6 4.8%
14 Portugal 382.5 82.1%
15 Venezuela 365.8 55.2%
16 Saudi Arabia 322.9 3.1%
17 United Kingdom 310.3 17.5%
18 Lebanon 286.8 28.8%
19 Spain 281.6 39.6%
20 Austria 280.0 57.8%
21 Belgium 227.5 38.2%
22 Algeria 173.6 4.6%
23 Philippines 156.5 12.5%
24 Libya 143.8 6.1%
25 Singapore 127.4 2.6%
40 Pakistan 64.4 16.7%
48 Brazil 33.6 0.6%
NOTES
* This table was updated in January 2011 and reports data available at that time. Data are taken from the International Monetary Fund's International Financial Statistics (IFS), January 2011 edition, and other sources where applicable. IFS data are two months in arrears, so holdings are as of November 2010 for most countries, October 2010 or earlier for late reporters. The table does not list all gold holders: countries which have not reported their gold holdings to the IMF in the last six months are not included, while other countries are known to hold gold but they do not report their holdings publicly. Where the WGC knows of movements that are not reported to the IMF or misprints, changes have been made.
**The percentage share held in gold of total foreign reserves, as calculated by the World Gold Council. The value of gold holdings is calculated using the end‐November gold price of $1383.50 per troy ounce (there are 32,151 troy ounces in a metric tonne). Data for the value of other reserves are taken from IFS, table Total Reserves minus Gold.
WORLD OFFICIAL GOLD HOLDINGS
International Financial Statistics, January 2011*
Tonnes % of reserves**
1 United States 8,133.5 75.2%
2 Germany 3,401.8 71.2%
3 IMF 2,827.2 1)
4 Italy 2,451.8 69.6%
5 France 2,435.4 67.2%
6 China 1,054.1 1.8%
7 Switzerland 1,040.1 17.6%
8 Russia 784.1 7.2%
9 Japan 765.2 3.1%
10 Netherlands 612.
11 India 557.7 8.5%
12 ECB 501.4 29.3%
13 Taiwan 423.6 4.8%
14 Portugal 382.5 82.1%
15 Venezuela 365.8 55.2%
16 Saudi Arabia 322.9 3.1%
17 United Kingdom 310.3 17.5%
18 Lebanon 286.8 28.8%
19 Spain 281.6 39.6%
20 Austria 280.0 57.8%
21 Belgium 227.5 38.2%
22 Algeria 173.6 4.6%
23 Philippines 156.5 12.5%
24 Libya 143.8 6.1%
25 Singapore 127.4 2.6%
40 Pakistan 64.4 16.7%
48 Brazil 33.6 0.6%
NOTES
* This table was updated in January 2011 and reports data available at that time. Data are taken from the International Monetary Fund's International Financial Statistics (IFS), January 2011 edition, and other sources where applicable. IFS data are two months in arrears, so holdings are as of November 2010 for most countries, October 2010 or earlier for late reporters. The table does not list all gold holders: countries which have not reported their gold holdings to the IMF in the last six months are not included, while other countries are known to hold gold but they do not report their holdings publicly. Where the WGC knows of movements that are not reported to the IMF or misprints, changes have been made.
**The percentage share held in gold of total foreign reserves, as calculated by the World Gold Council. The value of gold holdings is calculated using the end‐November gold price of $1383.50 per troy ounce (there are 32,151 troy ounces in a metric tonne). Data for the value of other reserves are taken from IFS, table Total Reserves minus Gold.
