Who Owns Most of the World's Gold?... SEE HERE
Who Owns Most of the World’s Gold?
4% of the World Controls 12.6% of the Gold
Rank | Owner | Tonnes | Share of Foreign Reserves |
10 | Netherlands | 612.5 | 61.4% |
Rank | Owner | Tonnes | Share of Foreign Reserves |
9 | Japan | 765.2 | 2.1% |
Rank | Owner | Tonnes | Share of Foreign Reserves |
8 | Switzerland | 1040.1 | 37.1% |
Rank | Owner | Tonnes | Share of Foreign Reserves |
7 | China | 1054.0 | 1.8 |
Rank | Owner | Tonnes | Share of Foreign Reserves |
6 | SPDR Gold Shares ETF | 1,120.6 | n/a |
Rank | Owner | Tonnes | Share of Foreign Reserves |
5 | France | 2,450.7 | 72.6% |
Rank | Owner | Tonnes | Share of Foreign Reserves |
4 | Italy | 2,451.8 | 66.5% |
Rank | Owner | Tonnes | Share of Foreign Reserves |
3 | International Monetary Fund | 3,217.3 | n/a |
- As an undervalued asset held by the IMF, gold provides fundamental strength to its balance sheet. Any mobilization of IMF gold should avoid weakening its overall financial position.
- The IMF should continue to hold a relatively large amount of gold among its assets, not only for prudential reasons, but also to meet unforeseen contingencies.
- The IMF has a systemic responsibility to avoid causing disruptions to the functioning of the gold market.
- Profits from any gold sales should be used whenever feasible to create an investment fund, of which only the income should be used.
- SEE WHO NUMBERS 2 AND 1 ARE HERE
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