Gold Production Worldwide Metric Tons Output

Gold Production Worldwide Metric Tons OutputImage

*NOTE- China currently does not export any of their gold mining output, hmm why would that be ?

*NOTE – Indian citizens have accumulated more gold reserves than many  countries all combined, really… look it up…


Fundamentals – The 10 Countries With The Biggest Gold Reserves In The World 2012

#10 India

#10 India

AP Images

Official gold holdings:
557.7 tonnes

Percent of foreign reserves in gold:
9.2%

India’s central bank gold holdings lag those of major economies. The RBI is known to buy IMF gold and considers gold to be a safe investment, but rarely comments on its plans to buy gold.

Source:World Gold Council

#9 Netherlands

Official gold holdings:
612.5 tonnes

Percent of foreign reserves in gold:
59.8%

Since 1991, the Dutch National Bank (DNB) sold 1,100 tonnes of gold. But, the bank considers gold to be “the ultimate reserve and anchor of trust in times of financial crisis,” according to Zero Hedge, and holds it for diversification purposes. Nout Wellink, president of the Dutch central bank has previously said that the DNB doesn’t intend to sell gold.

Source: World Gold Council

#8 Japan

Official gold holdings:
765.2 tonnes

Percent of foreign reserves in gold:
2.9%

In 2011, the Bank of Japan sold gold to pump ¥20 trillion into the economy to calm investors after the tsunami and resulting nuclear disaster in Japan. Meanwhile, the country’s gold exports (which include private exports) are expected to reach 100 metric tonnes in 2011.

Source: World Gold Council

#7 Russia

Official gold holdings:
883.3 tonnes

Percent of foreign reserves in gold:
9.1%

Russia’s central bank buys gold from the domestic market and Russian bullion banks, and purchased 15 tonnes of gold in the third quarter. Earlier last year the Central Bank of Russia said it planned to purchase over 100 tonnes of gold to rebuild its gold and Forex reserves.

Source: World Gold Council

#6 Switzerland

Official gold holdings:
1,040.1 tonnes

Percent of foreign reserves in gold:
16.3%

Between 2000 – 2005 the Swiss National Bank sold 1,300 tonnes of gold which was in part tied to the launch of the euro. In 2010, its gold reserves reached a quarter of its total reserves.

Source: World Gold Council

#5 China

Official gold holdings: 
1,054.1 tonnes

Percent of foreign reserves in gold:
1.6%

China reportedly made significant gold purchases in the final months of 2011 as it tried diversify from its holdings of U.S. Treasuries. China buys gold from its domestic market but doesn’t always immediately put it towards its reserves.

Source: World Gold Council

#4 France

Official gold holdings:
2,435.4 tonnes

Percent of foreign reserves in gold:
71.1%

France is one of the countries that signed the Central Bank Gold Agreement which limits gold sales by European countries. The 19 signatories sold nearly 10 tonnes of gold in the first year of their new agreement (Sept. 2009 – Sept. 2010).

Source: World Gold Council

#3 Italy

Official gold holdings: 
2,451.8 tonnes

Percent of foreign reserves in gold:
71.0%

Italy’s gold reserves are worth only a tenth of the bailout it needs. In 2011, Italian banks were looking to the Bank of Italy to buy gold and bolster their balance sheets ahead of stress tests.

Source: World Gold Council

#2 Germany

Official gold holdings:
3,396.3 tonnes

Percent of foreign reserves in gold:
71.4%

Under the Central Bank Gold Agreement, Germany has sold 4.7 tonnes of gold since September 7, 2011. In November last year, the IMF said that Germany’s central bank sold gold, but most of it was sold to the ministry of finance to mint commemorative coins. Germany also refused to have its gold holdings boost the EFSF.

Source: World Gold Council

#1 United States

#1 United States

obama photos via Flikr

Official gold holdings:
8,133.5 tonnes

Percent of foreign reserves in gold:
74.5%

The U.S.’s percent of foreign reserves in gold has gone from 74.8 percent in May, up to 75.5 percent in November, and has dropped again since.

Source: World Gold Council

Read more: http://www.businessinsider.com/countries-biggest-gold-reserves-2012-3?op=1#ixzz1ys4IuGQF