Everything For The Detectorist - Metals GOLD
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7) Russia: 1,778.9 tons
Russia holds over a third more gold than Switzerland, with 1,778.9 tons of the stuff. The country can't get enough of this precious metal and has been busy expanding its reserves over recent years. It doesn't need to import to add to its stockpile either, as it has a billion-dollar gold mining industry.
Russia holds over a third more gold than Switzerland, with 1,778.9 tons of the stuff. The country can't get enough of this precious metal and has been busy expanding its reserves over recent years. It doesn't need to import to add to its stockpile either, as it has a billion-dollar gold mining industry.
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6) China: 1,842.6 tons
China has 1,842.6 tons of gold in its reserves. It is also the world's biggest gold producer, ahead of Australia and Russia, and the local demand for gold has been boosted by the burgeoning wealth of its middle class.
China has 1,842.6 tons of gold in its reserves. It is also the world's biggest gold producer, ahead of Australia and Russia, and the local demand for gold has been boosted by the burgeoning wealth of its middle class.
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5) France: 2,435.9 tons
France has stockpiled 2,435.9 tons of gold, much of this reportedly acquired during the 1950s and 1960s. Although some is held abroad, most of this gold is said to be held in vaults under the Banque de France in Paris. A few hundred tons of French gold was sold off in the early part of this century, but its stocks have remained stable since about 2009.
France has stockpiled 2,435.9 tons of gold, much of this reportedly acquired during the 1950s and 1960s. Although some is held abroad, most of this gold is said to be held in vaults under the Banque de France in Paris. A few hundred tons of French gold was sold off in the early part of this century, but its stocks have remained stable since about 2009.
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4) Italy: 2,451 tons
Italy holds just a little bit more gold than France with 2,451 tons. Unlike most countries, where the gold reserves are owned by the state and managed by its central bank, Italys gold is actually owned by the Banca dItalia. This gold is held in vaults in Rome and on foreign soil at the Swiss National Bank, the Federal Reserve Bank in New York and the Bank of England.
Italy holds just a little bit more gold than France with 2,451 tons. Unlike most countries, where the gold reserves are owned by the state and managed by its central bank, Italys gold is actually owned by the Banca dItalia. This gold is held in vaults in Rome and on foreign soil at the Swiss National Bank, the Federal Reserve Bank in New York and the Bank of England.
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3) International Monetary Fund: 2,814 tons
The International Monetary Fund (IMF) is a group of 189 countries that work to foster global monetary co-operation. When it was founded in 1944 it was decided that 25% of initial quota subscriptions and subsequent quota increases were to be paid in gold. That remains the main source of the 2,814 tons of gold it holds.
The International Monetary Fund (IMF) is a group of 189 countries that work to foster global monetary co-operation. When it was founded in 1944 it was decided that 25% of initial quota subscriptions and subsequent quota increases were to be paid in gold. That remains the main source of the 2,814 tons of gold it holds.
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2) Germany: 3,373 tons
Germany is the second largest hoarder of gold in the world with 3,373 tons of it. Concern over Its gold falling under Soviet control during the Cold War led to the stockpile being spread around the world. It was thought it was divided between the Federal Reserve Bank in New York, the Bank of England and the Banque de France. Recently at least half of this bounty has been bought back home to Frankfurt.
Germany is the second largest hoarder of gold in the world with 3,373 tons of it. Concern over Its gold falling under Soviet control during the Cold War led to the stockpile being spread around the world. It was thought it was divided between the Federal Reserve Bank in New York, the Bank of England and the Banque de France. Recently at least half of this bounty has been bought back home to Frankfurt.
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