Tuesday, June 23, 2009

Total Value of World's Gold Reserves: $1.2T, Itemized List

Here are the top 41 holders of gold reserves in the world. Values were computed with the officially available reserves, and using today's price of $921.50/troy ounce.

The total reserves are USD$1.25T. This may help put things into perspective when the major countries in the world have been printing trillions recently. The U.S. for example, only has about $240B in gold reserves, which is really very small compared with what is being printed or with the current deficits.

(Please click to enlarge)
Note that the GLD ETF ranks in 7th place, although some people claim they don't really own physical gold, but that is another story.

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