All around the developing world, governments are making a mad scramble to buy gold.
India is buying gold. China is buying gold.
Whereas once it could be assumed that the US dollar was as good as gold, that assumption is now gone, or at least on its way out.
| 20. Belguim Gold Holdings: 227.5 tonnes % Of Reserves: 41.2% Foreign Exchange Reserves: $9.6 billion Total Reserves: $16.2 billion |
 |
 |
19. Austria Gold Holdings: 280 tonnes % Of Reserves: 57.9% Foreign Exchange Reserves: $6.5 billion Total Reserves: $14.7 billion |
| 18. Spain Gold Holdings: 281.6 tonnes % Of Reserves: 38.9% Foreign Exchange Reserves: $12.5 billion Total Reserves: $20.8 billion |
 |
 |
17. Lebannon Gold Holdings: 286.8 tonnes % Of Reserves: 26.5% Foreign Exchange Reserves: $22.2 billion Total Reserves: $30.7 billion |
| 16. United Kingdom Gold Holdings: 310. 3 tonnes % Of Reserves: 17.6% Foreign Exchange Reserves: $40 billion Total Reserves: $49 billion |
 |
 |
15. Venezuela Gold Holdings: 356.4 tonnes % Of Reserves: 36.1% Foreign Exchange Reserves: $17.6 billion Total Reserves: $28 billion |
| 14. India Gold Holdings: 357.7 (plus 400) tonnes % Of Reserves: 4% Foreign Exchange Reserves: $242.3 billion Total Reserves: $253 billion |
 |
 |
13. Portugal Gold Holdings: 382.5 tonnes % Of Reserves: 90.9% Foreign Exchange Reserves: $1.2 billion Total Reserves: $12.5 billion |
| 12. Taiwan Gold Holdings: 423.6 tonnes % Of Reserves: 3.9% Foreign Exchange Reserves: $300 billion Total Reserves: $313 billion |
 |
 |
11. ECB Gold Holdings: 501.4 tonnes % Of Reserves: 18.8% Foreign Exchange Reserves: $52.3 billion Total Reserves: $68.1 billion |
| 10. Russia Gold Holdings: 568.4 tonnes % Of Reserves: 4.3% Foreign Exchange Reserves: $368 billion Total Reserves: $384 billion |
 |
 |
9. Netherlands Gold Holdings: 612.5 tonnes % Of Reserves: 59.6% Foreign Exchange Reserves: $11.1 billion Total Reserves: $29.1 billion |
| 8. Japan Gold Holdings: 765.2 tonnes % Of Reserves: 2.3% Foreign Exchange Reserves: $996 billion Total Reserves: $1,018 billion |
 |
 |
7. Switzerland Gold Holdings: 1,040.1 tonnes % Of Reserves: 29.1% Foreign Exchange Reserves: $50 billion Total Reserves: $80.6 billion |
| 6. China Gold Holdings: 1,054 tonnes % Of Reserves: 1.9% Foreign Exchange Reserves: n/a Total Reserves: n/a |
 |
 |
5. France Gold Holdings: 2,445.1 tonnes % Of Reserves: 70.6% Foreign Exchange Reserves: $25.2 billion Total Reserves: $97.4 billion |
| 4. Italy Gold Holdings: 2,451.8 tonnes % Of Reserves: 66.6% Foreign Exchange Reserves: $35.8 billion Total Reserves: $108 billion |
 |
 |
3. IMF Gold Holdings: 3,217.3 tonnes % Of Reserves: n/a Foreign Exchange Reserves: n/a Total Reserves: n/a |
| 2. Germany Gold Holdings: 3,408.3 tonnes % Of Reserves: 69.2% Foreign Exchange Reserves: $42.7 billion Total Reserves: $143.3 billion |
 |
 |
1. United States Gold Holdings: 8,133.5 tonnes % Of Reserves: 77.4% Foreign Exchange Reserves: $64 billion Total Reserves: $303.6 billion |
Kamelia Angelova
sursa: businessinsider.com
update: