Thursday , 1 October 2020


Update: Top 10 Countries with Largest Gold Reserves

…The top 10 central banks with the largest gold reserves have remained mostly unchanged for the last few years. [They are as follows:]

top 10 central banks ranked by largest gold holdings as of september 2019

The figures in the table are as of August 2020 and do not include the International Monetary Fund (IMF) as a country, or else it would hold the number three spot.

…In 2019, the official gold sector activity declined 1% from the year prior, with 15 central banks adding 650.3 tonnes, the second highest level this century, and is now only 12% below the all-time high of 38,491 tonnes in 1966…

Central Banks Have Been Net Buyers of Gold Since 2010

Editor’s Note:  The original article by Frank Holmes has been edited ([ ]) and abridged (…) above for the sake of clarity and brevity to ensure a fast and easy read.  The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article.  Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor. Also note that this complete paragraph must be included in any re-posting to avoid copyright infringement.

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