Gold currency continued good use well into the 1900’s in Europe, America, and other countries around the world. During the last century, nearly every country has abandoned a gold standard.
Today, gold still has many aesthetic and practical uses in jewelry, electronics, health, investing, and even debt settlement and wealth. Many nations still hoard gold as a means of storing large portions of their national wealth, and also often use gold for their debt settlements with other nations. This kind of gold, however, as well as most investors’ gold, is largely in the form of gold bullion, not circulated pieces of currency. Bullion usually comes in the form of bars or coins of various weights.
This is top country with the most gold holding and manage by goverment(not include private sector).
1)Republic Of China officially owning 1,658 tons of gold bullion, with some experts believing that it could hold more than 10,000 tons, according to an article by zerohedge.com. Other gold analysist estimate that China has at least 2,000 – 3,000 tons of gold, according to cheatsheet.com.
2)Russia was believed to have had 1,208.2 tonnes of gold back in 2015. They had more than doubled their gold reserves over the last few years prior, and their central bank had bought 77 tons of gold in 2013, and 173 tons in 2014.
3)Japan was believed to have 765.2 tons of gold back in 2015.
4)India was said to have 557.7 tons of gold in 2015. In 2009, they purchased 200 tons of gold. India is the world’s second largest gold consumer.
5)The Netherlands was said to have 612.5 tons of gold in 2015. However, it is estimated that the majority of this gold is held abroad.
6)Switzerland was said to have 1,040 tons of gold in 2015.
7)France was said to have 2,435.4 tons of gold in 2015.
8)Italy was said to have 2,451.8 tons of gold in 2015, according some source,Italy sell some of it’s gold during the eurozone crises to help raise funds and restore confidence.
9)Germany was said to have 3,384.2 tons of gold in 2015. In 2013, Bundesbank of Germany, announced that it would tranfer some of it’s foreign gold reserves, with the intention of storing half of it’s gold in the country over the next few years. Making good on it’s announcement, it transferred 35 tons from Paris & 85 tons from New York over to Germany in 2014. From 2013 – 2015, Germany’s central bank had transferred a total of 157 tons of gold to Frankfurt.
10)The United States was said to have 8,133.5 tons of gold in 2015, despite having ended the gold standard a few decades before. There is a questions the total amount of gold the US actually holds.
In addition to the few individual countries mentioned above, global gold demand in 2014 reached an estimated 3,923.7 tons, which was slightly lower (4%) than the year before. According to Cheatsheet.com (in 2015) say;
“Although bar and coin demand fell from the 2013 record, central banks continue to fill their vaults. In fact, central banks around the world purchased 477.2 tonnes of gold in 2014, worth $19.4 billion. That is up 17% from 2013 and represents the second highest year of net purchases in 50 years, trailing only the record haul of 544 tonnes in 2012. Ukraine was the only central bank to significantly decrease gold reserves, selling 19 tonnes.”
As we can see, physical gold is still in high demand.There is not much change at the gold price few years back but I m expecting gold price will be increasing in the next few years.That why I'm telling this information,so guys please buy gold for your long term profit.
Thank you for reading.
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