by Louis Cammarosano, Smaulgld:
Below are charts showing the gold reserves by country as reported by the World Gold Council.
The chart shows that the United States is the largest holder of gold in the world. In the last few years Russia and China have increased their gold reserves significantly. The chart shows China to have the sixth largest holdings of the yellow metal with 1,708 tonnes. Even after China updated their official gold holdings in July of 2015, and again in August of 2015, many suspect that China has far more gold than they have reported.
Click here for an explanation on where China’s gold might be.
While Russia and China have been increasing their gold reserves, Western nations, like Cyprus have contemplated sales of their gold. Indeed, the European Union is considering ending a fifteen year restriction on central bank gold selling.
For monthly updates on Chinese and Russian gold reserves:
Keep in mind that the gold reserves reported by the World Gold Council are probably subject to adjustment as many central banks are suspected of overstating (United States) or understating (China) their gold reserves. Some countries (Germany) may claim certain gold reserves but may not have physical possession of those reserves. In addition, it is also suspected that gold held by central banks may have been lent or rehypothicated such that they may no longer either have the physical gold or only have a claim on it.
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