Gold Country in the World Ruler
United States may be experiencing debt downgrades by international rating agencies, Standard & Poor’s. However, Uncle Sam’s country was until recently listed as the country with the largest gold reserves in the world of earth.
Based on official data or the IMF’s International Monetary Institute as quoted by the World Gold Council, gold holdings reports some countries in the world was issued in August 2011 with the period of ownership until May or June 2011.
In the report the IMF said, a list of the gold wealth of this country not to mention the entire country in the world. Apart from the delay in submission of the report gold holdings for six months, there are also countries that are deliberately did not report the amount of their gold holdings.
The number of gold holdings indicates the portion of the value of gold against a country’s foreign exchange reserves. To calculate these portions, the World Gold Council data in June 2011 the gold price of U.S. $ 1505.50 per troy ounce.
From the latest report, published IMF gold reserves in the world reached 30,700.1 tons. European regions have recorded a wealth of gold reserves total 10,792.5 tonnes.
Currently, the United States is still listed as the owner of the world’s largest gold. The U.S. is known to have reserves of gold weighing 8133.5 tons. This amount reflects the country’s foreign exchange reserves 74.2 percent Barack Obama’s leadership.
In the second place, Germany is threatened with stagnant economic growth in the third quarter of 2011, has reserves of gold weighing 3401 tonnes. Gold reflects 71.4 percent of foreign exchange reserves of the country producing the Mercedes Benz sedan.
Although not a country, the IMF’s gold holdings were recorded as much as 2814 tons. With the volume of gold weighing it, the IMF entered the ranks of the three great rulers of the earth gold in the universe.
Two countries that are fourth and fifth is the country from Europe. Same with Germany, two countries are also being faced with a debt crisis that hit the blue continent.
In fourth position, the IMF noted Italy has 2451.8 tonnes of gold reserves. The number of gold showed 71.2 percent of the portion of foreign exchange reserves is Pizza.
Meanwhile, followed in fifth position is French. As chair of the G-20 group in 2011, France has gold reserves of 2435.4 tons. This amount shows 66.2 percent of the country’s foreign exchange reserves that mode.
For the Asian region, a number of countries included in the top 10 gold ruler of the world there are names such as China and Japan as much as 1054.1 tons 765.2 tons.
The IMF also noted Indonesia currently has as many as 73.1 tons of gold. Gold is known to contribute portions of Indonesia’s gold reserves of 3.1 percent. With these reserves, Indonesia is in a position to beat the world 38 other Southeast Asian countries like Malaysia as much as 36.4 tons.
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Tags: Barack Obama, Foreign exchange reserves, Indonesia, International Monetary Fund, Mercedes Benz, Standard & Poor, United States, World Gold Council