The largest gold reserves in the world – columns

Money rules the world, actually it should say gold rules the world, because gold is money.

The central bank with the most gold is still the US Federal Reserve. There are over 8,000 tons of gold in the vaults, 79 percent of the total reserves of the American central bank. By the way, the state of Texas has most of the gold. The central banks around the world bought a good 272 tons of gold last year. In 2019 it was 668 tons of gold. But then Corona came and the central banks sold reserves to create liquidity. At the end of 2020, however, the central banks started buying gold again.

In 2020 ten central banks bought more than a ton of gold, so the demand is there. Most of all, for the second year in a row, Turkey has increased its gold reserves. At the same time, Turkey sold most of the gold because of the corona pandemic. The International Monetary Fund is not included in the ranking of countries with the largest gold holdings, otherwise it would be in third place.

Germany is in second place, followed by Italy and then France. One of the biggest gold buyers in recent years is Russia and it has the fifth largest gold reserves. China, in sixth place, only holds 3.3 percent of its reserves in the form of gold. After the banks in China have been allowed to import large quantities of gold since this year, this is already noticeable. An estimated 150 tons of gold were shipped to China in April and May. Switzerland, in seventh place, has the largest gold reserves per capita.

All in all, gold not only gives the central banks security, but should also not be missing from any investment portfolio. In addition to physical gold, the shares in gold companies also come into consideration, for example arriving Victoria gold – -. In the Yukon, Victoria Gold owns the Dublin Gulch property, which consists of the Eagle (already producing) and Olive deposits.

Also OceanaGold – – produces gold and has the Didipio mine in the Philippines, the Macraes and Waihi projects in New Zealand and the Haile gold mine in the USA in its portfolio.

Current company information and press releases from Victoria Gold (- -) and OceanaGold (- -).

In accordance with Section 34 of the WpHG, I would like to point out that partners, authors and employees can hold shares in the companies addressed and that there is therefore a possible conflict of interest. No guarantee for the translation into German. Only the English version of these news items applies.

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