Loading ...Central Bank Holdings at new all-time highs
The graph shows current central bank holdings in tonnes. Still no word on the promised Fort Knox audit, but the US leads the way with over 8000 tonnes (and it’s still on the books at $42.22 per ounce!) The UK’s 310 tonnes is pitiful – thanks to Gordon Brown. More in tomorrow’s GoldBuzz.
the real China number is “likely” as large or larger than US.
Canada has no gold reserves (1980 to 2016) –> https://www.armstrongeconomics.com/world-news/central-banks/canada-has-no-gold-reserves-they-sold-them/#:~:text=By%202016%2C%20Canada%20sold%20its%20last%20significant%20holdings.,worth%20a%20trivial%20sum%20relative%20to%20total%20reserves%29.
Mark Carney was Governor of Bank of Canada (2008 t0 2013) during the final selloff stages of Gold Bullion that brought the country holdings to zero –> https://www.bankofcanada.ca/profile/mark-carney/
Great point, Kewl. The best we can do is interpret what the IMF/World Gold Council reports, and I’d agree that China is likely far higher. As for Canada!