Thursday, March 25, 2010

Who Will Next Dump Their Gold ?

Everyone is in debt right now!

Which are the  governments around the world that are likely to  dump their gold holdings to pay down their debts ?

The World Gold Council's latest report is now out and it gives insight into who owns how much.

Below are those  countries have the most gold as a % of their reserves :-

15. Venezuela: 360.8 tonnes / 36.8% of reserves
14. Portugal: 382.5 tonnes / 84.9% of reserves
13. Taiwan: 423.6 tonnes / 4.1% of reserves
12. ECB: 501.4 tonnes / 25.2% of reserves
11. India: 557.7 tonnes / 6.9% of reserves
10. Netherlands: 612.5 tonnes / 53.4% of reserves
9. Russia: 641 tonnes / 5.1% of reserves
8. Japan: 765.2 tonnes / 2.5% of reserves
7. Switzerland: 1040.1 tonnes / 27.1% of reserves
6. China: 1054.1 tonnes / 1.6% of reserves
5. France: 2435.4 tonnes / 65.7% of reserves
4. Italy: 2451.8 tonnes / 64.9% of reserves
3. IMF: 3005.3 tonnes
2. Germany: 3406.8 tonnes / 66.1% of reserves
1. United States: 8133.5 tonnes / 70.4% of reserves

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