Tuesday, October 13, 2009

Gold Reserves

Italy clocks in at #4 with 2697 tons, China at # 6 with 1159 tons.

The top 5 are the U.S., Germany, the IMF, Italy and France. Hapless Great Britain sold off half their reserves and isn't in the top 15.

There are some good reasons beyond tradition that the Barbarous Relic still has value. One is, you can't counterfeit gold. Fiat currencies are increasingly easy to do so.

1"The World's Biggest Gold Reserves" - CNBC

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