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gold reserves in different countries

Canada has several gold mines. As proof, the Vancouver Stock Exchange is one of the most important awards in the field of natural resources. However, this may sound unbelievable but the gold reserves of the Canadian government are now so small that they are even lower than those of Bangladesh and Sri Lanka.

In fact, the gold reserves held through the Bank of Canada rose only to 3.4 tonnes, one tenth of a ton less than those of Bangladesh and around two tonnes less than Sri Lanka. Of the hundreds of countries that hold reserves of gold, Canada ranked 78th. Moreover, he arrives at the tail of the G7 and G20. Generally the Bank of Canada should be inclined to consider gold as a hedge to protect themselves including the falling U.S. dollar.

In 1965, the federal government held 1,023 tons of gold in his bunker in the Bank of Canada. At a prices ranging around $ 1,130 an ounce, the 1023 tonnes would be worth 37 billion U.S. today. Instead, we find ourselves with only 3.4 tons, worth 123 million U.S.. Here

gold reserves of the other G7 members, as reported at September 30, 2009 by the World Gold Council. (Note: The monetary value was calculated on a price of $ 1,130 an ounce.)

• United States: 8133 tons (294 billion U.S.)
• Germany: 3408 tons (123 billion U.S.)
• ; Italy: 2452 tons (89 billion U.S.)
• France: 2445 tons (88 billion U.S.)
• Japan: 765 tons (28 billion U.S.)
• Britain: 310 tons (11 billion U.S.)

Other countries holding large reserves of gold

• China (1054 tons: 38 billion U.S.)
• Switzerland (1040 tons: 37 billion U.S.)
• Netherlands (613 tonnes: 22 billion U.S.)
• Russia (568 tonnes: 20.5 billion U.S.)
• Taiwan (424 tons: 15 billion U.S.)
• India (358 tons: 809 million U.S.)

According to financial newsletter Victor Goncalves, Equities and Economics, there are currently shortages of raw gold reserves dans le monde. La demande d'or s'élève actuellement à 3800 tonnes par année alors que les réserves minées atteignent à peine 2600 tonnes. L'écart est habituellement comblé par l'or recyclé et la vente des banques centrales.