The US has 8,135 tonnes….64.4% of reserves
Germany — 3,412… …64.4% of reserves
IMF — 3,217… … …(1)
France — 2,508… … …58.7%
Italy — 2,451… … …61.9%
Switzerland — 1,040… …23.8%
Japan — 765.2… …1.9% …(a potential gold-buyer)
China — 600.0… …0.9% …(should be a big buyer)
Russia — 495. 9… …2.2% …(is a buyer)
Taiwan — 422.2… …3.6% …(should be a buyer)
India — 357.7… …3.0% …(should be a buyer)
UK — 310.3… … …14.5% …(sold most of its gold at the low price)
Saudi Arabia — 143.0… …11.4% (should buy gold)
South Africa — 124.4… …9.0%
Australia — 79.8… … …6.3%
From Richard Russell, The Dow Theory Letters.
So there you have it. Among countries, Italy, France, Germany, and the US have the most gold. Switzerland has a third of what they have.
The UK, South Africa, Australia, and Saudi Arabia are next with about 1/5th – 1/10th as much.
Russia and Japan have only a small percent in gold.
China and India have even less.
What do most Asians have?
Debt (treasuries and dollars) from the US.
Neo-colonialism anyone?
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