The largest gold reserves in the world
The central bank with the most gold is still the U.S. Federal Reserve. More than 8,000 tons of gold are stored in the vaults there, which is 79 percent of the total reserves of the U.S. central bank. By the way, the state of Texas has the most gold. Central banks around the world bought a good 272 tons of gold last year. In 2019, it was still 668 tons of gold. But then came Corona and central banks sold reserves to create liquidity. But at the end of 2020, central banks started buying gold again.
In 2020, ten central banks bought more than a ton of gold, so the demand is there. For the second year in a row, Turkey has increased its gold reserves the most. At the same time, Turkey has also sold the most gold because of the Corona pandemic. In the ranking of countries with the largest gold reserves, the International Monetary Fund is not there, otherwise it would be in third place.
Thus, in second place is Germany, followed by Italy and then France. One of the biggest buyers of gold in recent years is Russia and it holds the fifth largest gold reserves. China, in sixth place, holds only 3.3 percent of its reserves in the form of gold. Now that banks in China have been allowed to import large amounts of gold since this year, this is already making itself felt. In April and also in May, an estimated 150 tons of gold were shipped to China. Switzerland, in seventh place, has the largest gold reserves per capita.
All in all, gold not only gives security to the central banks, but should also not be missing from any investment portfolio. In addition to physical gold, shares in gold companies, such as Victoria Gold - https://www.youtube.com/watch?v=PO0qa_43Fe0, also come into consideration. In the Yukon, Victoria Gold owns the Dublin Gulch property, which consists of the Eagle (already producing) and Olive deposits.
OceanaGold - https://www.youtube.com/watch?v=ksz9TG59tQk - also produces gold and has the Didipio mine in the Philippines, the Macraes and Waihi projects in New Zealand and the Haile gold mine in the USA in its portfolio.
Current corporate information and press releases from Victoria Gold (https://www.resource-capital.ch/en/companies/victoria-gold-corp/) and OceanaGold (https://www.resource-capital.ch/en/companies/oceanagold-corp/).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also