Gold hoarding nations: Changing gold reserves since 2000

Visual Capitalist/Niccolo Conte

Repost from 4-22-2021

graphic representation of gold ownership among central banks globally

Visualization courtesy of • • • Click to enlarge

“Gold has long been an important hedge in times of uncertainty, and unlike foreign currencies, equities, or debt securities, its value is not dependent on any company or nation’s solvency. This has made gold an essential part of many national central bank reserves, especially as the monetary supply of many nations continues to expand and central banks are exploring digital currencies which could be reserve or gold backed. With gold still making up a large part of many nations’ reserves, how have central banks been managing the precious metal?”

This entry was posted in Today's top gold news and opinion. Bookmark the permalink.