The world official gold holdings (December 2008) in tonnes
as reported by the World Gold Council
World Gold reserves (or gold holdings) are held by
central banks as a store of value.
The world gold reserve total 29,697.1 tonnes, or in excess of
29,697,100 kg, 954,798,572.48 troy ounces,
with total value at today gold price equal to about US$753 Billion.
As one metric tonne equals 1,000 kilograms (or 32,150 troy ounces),
one tonne of gold equates to a value of US$25 million
at January 2009 gold prices (US$861.34/troy ounces).
The world gold reserves as reported by the World Gold Council
(December 2008) as shown in the breakdown of individual countries.
(note by BLO: link to source below lists 106 countries)
USA - as independent countries - has the largest gold reserves.
But in total the Euro Area (incl. ECB) have the largest gold reserves
(10,886.8 tonnes as of December 2008).
Note: Value of Metal is calculated as of January 21, 2009.
GoldTraderAsia.com takes no responsibility for any misapprehension.
source of above info for 2008 (Bill Chiam)
World's Biggest Gold Reserves, 2009 - slideshow by CNN
GOLD PRICE FLUCTUATIONS:
(1) Short Term:
24 hours Spot Gold (bid) - November 25/7, 2009
(2) Intermediate Term:
120 Days, One - Five - and Ten Years Spot Gold, ending in 2009
(3) Long Term:
1975 to 2007 Spot Gold
CAUTION: do not let the red colored interpretation shake your trust in graphs....or gold
"As you can see" ........"trapped in a US$ 200 trading range" ..."from US$400 to US$500"
whereas I clearly see:..."trapped in a US$ 300 trading range" ..."from US$200 to US$500"
BLO fecit 20091128_9 (Parker and Barend overnight) - stories