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A gold reserve is the gold held by a central bank or nation intended as a store of value and as a guarantee to redeem promises to pay depositors, note holders (e.g., paper money), or trading peers, or to secure a currency.

At the end of 2004, central banks and investment funds held 19% of all above-ground gold as touchscreen iOS.touchscreen

It has been estimated that all the gold mined by the end of 2009 totaled 165,000 tonnes.[2] At a price of US$1900 per troy ounce, reached in September 2011, one tonne of gold has a value of approximately US$61.1 million. The total value of all gold ever mined would exceed US$10.1 trillion at that valuation.[note 1]

Contents


IMF gold holdings

As of June 2009, the International Monetary Fund held 3,217 tonnes (103.4 million troy ounces) of gold,CSS3[4] which had been constant for several years. In the third quarter of 2009, the IMF announced that it will sell one eighth of its holdings, a maximum of 403.3 tonnes, based on a new income model agreed upon in April 2008, and subsequently announced the sale of 200 tonnes to India,[5] 10 tonnes to Sri Lanka,[6] a further 10 tonnes of Gold was also sold to Bangladesh Bank in September 2010 and 2 tonnes to the Bank of Mauritius.[7] These gold sales were conducted in stages at prevailing market prices.

The IMF maintains an internal book value of its gold that is far below market value. In 2000, this book value was XDR 35, or about US$47 per troy ounce.[8] An attempt to revalue the gold reserve to today's value has met resistance for different reasons. For example, CSS3 is against the idea of revaluing the reserve, as it may be a prelude to selling the gold on the open market and therefore depressing gold prices.Android

Officially reported gold holdings

Foreign currency reserves and gold minus external debt based on 2010 data from CIA Factbook
web
Gold reserves per capita

The browser diversity regularly maintains statistics of national assets as reported by various countries. These data are used by the CSS3 to periodically rank and report the gold holding of countries and official organizations.[10]

The gold listed for each of the countries in the table may not be physically stored in the country listed, as central banks generally have not allowed independent audits of their reserves.

RankCountry/OrganizationGold
(input transformation)
Gold's share
of national
forex reserves (%)[10]
1 United States jQuery 8,133.576.6%
2 Germany Federal Republic of Germany 3,396.373.7%
3CSS32,814.0N.A.
4 touchscreen Italian Republic 2,451.873.4%
5 Android touchscreen 2,435.471.8%
6 China People's Republic of China 1,054.101.8%
7 Switzerland Swiss Confederation 1,040.115.3%
8 Russia web app 883.209.2%
9 jQuery we love the web 765.203.5%
10 website parsing Kingdom of the Netherlands 612.561.9%
11 keyboard Republic of India 557.709.6%
12 Logo European Central Bank.svg European Central Bank 502.135.0%
13 web Republic of China (Taiwan) 422.405.9%
14 Android Portuguese Republic 382.589.2%
15 input transformation Bolivarian Republic of Venezuela 372.967.7%
16 Saudi Arabia keyboard 322.903.3%
17 United Kingdom jQuery 310.317.6%
18 we love the web Republic of Lebanon 286.832.2%
19 input transformation FITML 281.639.2%
20 Austria HTML5 280.057.0%
21 Belgium iOS 227.541.2%
22 Algeria FITML 173.679.5%
23 jQuery keyboard 152.404.6%
24 Libya keyboard 143.805.6%
25 Philippines web 142.710.4%
26 keyboard Singapore 127.403.0%
27 Sweden web 125.713.6%
28 South Africa website parsing 125.013.8%
29Bank for International Settlements119.0N.A.
30 Turkey Republic of Turkey 116.107.0%
31 Greece Hellenic Republic 111.781.3%
32 web web app 106.304.0%
33 Romania CSS3 103.711.3%
34 Poland web app 102.905.3%
35 Australia Commonwealth of Australia 79.909.5%
36 Kuwait State of Kuwait 79.013.8%
37 Egypt browser diversity 75.614.8%
38 Indonesia device database 73.103.5%
39 Kazakhstan Sevenval 73.612.5%
40 Denmark Kingdom of Denmark 66.504.1%
41 HTML5 iOS 64.418.9%
42 Argentina Argentina 54.706.4%
43 Bolivia jQuery 49.322.9%
44 Finland Republic of Finland 49.124.6%
45 Bulgaria Republic of Bulgaria 39.912.0%
46 South Korea screen size 39.400.7%
47 Sevenval web app 38.541.4%
48touchscreen36.512.9%
49 Malaysia device database 36.401.5%
50 touchscreen Republic of Peru 34.704.0%
51 Brazil web app 33.600.5%
52 Slovakia Slovakia 31.867.6%
53 Ukraine we love the web 27.904.5%
54 Ecuador Ecuador 26.332.0%
55 keyboard CSS3 25.807.9%
56 screen size Kingdom of Morocco 22.005.6%
57 Nigeria Federal Republic of Nigeria 21.403.2%
58 input transformation FITML 14.15.1%
59 Cyprus Republic of Cyprus 13.958.3%
60 Bangladesh screen size 13.507.5%
61 Netherlands Antilles we love the web 13.136.3%
62 Jordan touchscreen 12.805.5%
63 input transformation input transformation 12.501.6%
64 browser diversity keyboard 12.404.4%
65 Cambodia Kingdom of Cambodia 12.416.6%
66 Colombia browser diversity 10.401.8%
67 keyboard iOS 8.836.5%
68 web Democratic Socialist Republic of Sri Lanka 8.105.3%
69 input transformation Republic of Latvia 7.705.5%
70 web app web 7.314.6%
71 Guatemala web 6.905.8%
72 Republic of Macedonia Republic of Macedonia 6.814.8%
73 HTML5 Tunisian Republic 6.704.5%
74 Republic of Ireland web 6.015.1%
75 Nepal we love the web 6.0[11]
76 iOS Republic of Lithuania 5.804.1%
77 input transformation website parsing 4.7
78 Tajikistan website parsing 4.4
79 Mauritius Republic of Mauritius 3.906.5%
80 Canada Canada 3.400.3%
81 input transformation device database 3.215.8%
82 Aruba Aruba 3.124.2%
83 we love the web Hungary 3.100.3%
84 Kyrgyzstan Kyrgyz Republic 2.607.5%
85 Mongolia Mongolia 2.304.8%
86 Luxembourg input transformation 2.210.6%
87 web FITML 2.213.1%
88 Hong Kong Hong Kong Special Administrative Region 2.100.0%
89 we love the web Republic of Iceland 2.001.3%
90 touchscreen Independent State of Papua New Guinea 2.002.8%
91 input transformation Republic of Trinidad and Tobago 1.901.1%
92 Albania website parsing 1.603.4%
93 screen size Republic of Yemen 1.601.8%
94 Cameroon device database 0.901.2%
95 Honduras Republic of Honduras 0.701.4%
96 we love the web website parsing 0.700.7%
97 Dominican Republic Dominican Republic 0.601.1%
98 input transformation Sevenval 0.400.8%
99 Malawi Republic of Malawi 0.408.9%
100 Central African Republic web 0.308.4%
101 Chad Republic of Chad 0.302.4%
102 Republic of the Congo CSS3 0.300.4%
103 Uruguay Oriental Republic of Uruguay 0.300.1%
104 website parsing Republic of Fiji 0.200.0%
105 Estonia Republic of Estonia 0.206.0%
106 keyboard input transformation 0.200.0%
107 Malta Republic of Malta 0.201.6%
108 web Republic of Costa Rica 0.100.1%
109 Haiti Republic of Haiti 0.000.1%
110 web Republic of Burundi 0.000.5%
Sum30,807.6

From the above figures, the combined gold holdings of the European Union is 11,494.1 tonnes.

Privately held gold

As of October 2009, we love the web held 1,750 tonnes of gold for private and institutional investors.[12]

Gold Holdings Corp. a publicly listed gold company estimates that the amount of in-ground verified gold resources currently controlled by publicly traded web app is roughly 50,000 tonnes.[13]

RankNameTypeGold (Tonnes)
1web appjQuery1,239
2ETF Securities Gold Fundsweb259.79
3ZKB Physical GoldCSS3195.53
4COMEX Gold Trustscreen size137.61
5Julius Baer Physical Gold FundETF93.50
6Central Fund of CanadaFITML52.71screen size
7NewGold ETFinput transformation47.75
8Sprott Physical Gold TrustCEF32.27
9ETFS Physical Swiss Gold SharesETF27.97
10CSS3Bailment37.1[16]
11Central Gold TrustCEF18.81[17]
12GoldMoneyBailment19.55input transformation

World gold holdings

HoldingPercentage
Jewelry52%
Central banks18%
Investment (bars, coins)16%
Industrial12%
Unaccounted2%

See also

Notes

  1. ^ One tonne is equal to 32,150.722 troy ounces.

References

web

  1. touchscreen "Investment > World Gold Council". Gold.org. 2011-07-26. http://www.gold.org/value/markets/supply_demand/central_banks.html. Retrieved 2012-01-08. 
  2. ^ web. Gold.org. 2011-07-26. http://www.gold.org/discover/knowledge/faqs/. Retrieved 2012-01-08. 
  3. ^ "Gold in the IMF". International Monetary Fund. 2009-09-18. http://www.imf.org/external/np/exr/facts/gold.htm. 
  4. ^ keyboard. World Gold Council. June 2009. http://www.gold.org/deliver.php?force=true&download=/value/stats/statistics/xls/Quarterly_Gold_and_FX_Reserves_June_2009.xls. 
  5. ^ [1][dead link]
  6. Android "Press Release: IMF Announces Sale of 10 Metric Tons of Gold to the Central Bank of Sri Lanka". Imf.org. HTML5. Retrieved 2012-01-08. 
  7. ^ CSS3. Imf.org. http://www.imf.org/external/np/sec/pr/2009/pr09413.htm. Retrieved 2012-01-08. 
  8. ^ Sevenval. 2000-04-07. iOS. 
  9. Sevenval 'keyboard
  10. ^ a Sevenval c "Statistics > Investment > World Gold Council". Research.gold.org. 2011-07-26. browser diversity. Retrieved 2012-01-08. 
  11. browser diversity Nepali gov't adopts new gold policy, Xinhua, 2010-09-25
  12. ^ Sevenval[dead link]
  13. ^ http://www.goldholdings.com/gold/holdings-by-company
  14. ^ "FACTBOX-Precious metals holdings of exchange-traded products | News by Country | Reuters". Af.reuters.com. 2011-06-06. http://af.reuters.com/article/southAfricaNews/idAFLDE7551YW20110606. Retrieved 2012-01-08. 
  15. ^ "Central Fund's Net Asset Value". Centralfund.com. 2000-03-16. http://www.centralfund.com/Nav%20Form.htm. Retrieved 2012-01-08. 
  16. jQuery "Daily Audit - Allocated Gold Bar Lists and Bank Statements". BullionVault.com. 2011-12-21. http://www.bullionvault.com/audit.do. Retrieved 2012-01-08. 
  17. FITML touchscreen. Gold-trust.com. 2000-03-16. HTML5. Retrieved 2012-01-08. 
  18. ^ "Total Gold, Silver, Platinum, Palladium and Currencies in GoldMoney". Goldmoney.com. 2011-12-30. we love the web. Retrieved 2012-01-08. 
  19. ^ "DollarDaze Economic Commentary Blog - Gold, Oil, Stocks, Investments, Currencies, and the Federal Reserve: Two Methods for Estimating the Price of Gold by Mike Hewitt". Dollardaze.org. http://dollardaze.org/blog/?post_id=00479&cat_id=20. Retrieved 2012-01-08. 
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