This Gold values shown are official numbers from Wikipedia.
There is a strong chance the numbers are inaccurate since western world's Central Banks have
purportedly leased out the Gold reserves while using accounting tricks to hide the facts, in order to push the Gold price down. Gold price is an indirect indicator of economic stability, the lower the price, the more stable the global economy appears.
Developing countries have been buying significant amounts of Gold in recent years, with India being
#1 and China #2.
The Federal Reserve Bank of New York holds 540,000 Gold bars. Germany stores 45% of their Gold with Federal Reserve, while according to official memo from Bank of England to Federal Reserve it is acknowledged that Gold delivered back to Germany has been 'bad delivery' bars, instead of 'good delivery'. Germany is concerned and interested in getting back home the Gold it stores with the Federal Reserve.
A German court has recently demanded audit of
Germany's
Gold holdings, while the Central Bank of
Germany has
begun shipping 50 tonnes of Gold / year back home.
Many other governments
are
engaging in Gold
hoarding, including
China,
who imported
more Gold in 2012
than
all of
ECB's holdings.
|