Only 10 countries control 50% of global gold reserves

SourceBizbahrain
SectorFinancial Markets
CountryMiddle east

Data investigated and calculated by Buyshares.co.uk reveals that ten countries control 49.37% of the global gold reserves.  According to the data, the cumulative global gold reserves is 1.85 billion ounces. The ten countries control 25,891 tons of gold The ten countries control 913.29 million ounces in gold (or 25,891 tons) with the United State taking the lead with 286.86 million ounces or 15.5% of the total global gold reserves. Germany is second with 188.63 million ounces which represent 6.4% of the global reserve. The International Monetary Fund is third with 99.24 million ounces, accounting for 5.3% of the global reserve. Italy’s gold reserves of 86.47 million ounces make up 4.7% of the world total reserves. France occupies the fifth spot with 85.91 million ounces in gold reserves or 4.6% of the...read more...

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