Wednesday , 7 December 2016


YTD Changes In Gold Reserves By Country

The World Gold Council provides below a table of changes in gold gold2reserves by country month-by-month and year-to-date. It shows the in- and out-flows of central banks around the world.

The commentary above and below consists of edited excerpts from an article* written by Lawrie Williams (lawrieongold.com/).

The tabulation of significant (+1 tonne total) changes in gold holdings on a month-by-month basis is set out below:

Country Jan Feb Mar Apr May June Jul Aug Sept Net Total
Belarus -1 3 2.5 -3 1.5
China* 604.3 19 16.2 14.9 654.4
El Salvador -5.4 -5.4
Germany -0.8 -2.4 -3.2
Jordan 3.4 8.1 2.5 0.9 7.5 22.4
Kazakhstan 1.7 2.7 2.3 2.4 2.6 2.3 2.5 2.1 3.2 21.8
Malaysia 0.6 0.6 0.3 0.6 2.1
Mauritius 1 1
Mongolia -1 -0.1 -0.3 0.7 1.0 -0.9 -0.6 -1.2
Russia -0.5 30.5 8.3 4.3 24.1 13.1 29.6 34.5 143.9
Turkey** -14.2 -4.6 2.7 -6.5 -1.9 -4.8 17.2 0.6 -13.2 -24.7
Ukraine 0.3 2.2 0.9 3.4
UAE 2.6 -0.1 2.4 0.1 0.1 5.1

Source: World Gold Council, IMF, lawrieongold

* China figure includes big gold reserve accumulation reported in July, but applicable to an unreported reserve build-up over the previous 6 years. ** Turkey’s reserve figures are somewhat anomalous as they include holding held in the country’s commercial banking system and are thus prone to be far more volatile on a month-by-month basis.

…With the major monthly buyers – Russia, China, Kazakhstan, and perhaps Jordan – seemingly committed to ongoing gold reserve increases, there seems to be little reason why these shouldn’t continue into 2016 and beyond.

[The above article* is presented by the editorial team of munKNEE.com (Your Key to Making Money!) and the FREE Market Intelligence Report newsletter (see sample hereregister here) in a slightly edited ([ ]) and abridged (…) format to provide a fast and easy read.]

*http://lawrieongold.com/2015/11/04/significant-changes-ytd-in-world-gold-holdings/