Ever wondered which countries hold the most gold? What about gold production? And why is this important? Read on to find out.
Countries and Organizations Ranked by Gold Holdings
The International Monetary Fund maintains records of national assets reported by various countries, which the World Gold Council (WGC) then uses to determine and rank the official gold holdings of countries and organizations (large official banks). According to the WGC’s report “Gold Demand Trends: First quarter 2014”, the rankings as of March 2014 are as follows:
Countries Ranked by Gold Production
According to the U.S. Geological Survey’s Mineral Commodity Summaries report released in February 2014, the top ten countries by gold mining production in 2013 were:
If large countries hold gold, why shouldn’t you?
As is present in the first chart, even some of the world’s largest nations are not immune to the devaluation of currencies and have prepared accordingly by investing in gold as a hedge. So why shouldn’t you, as a private citizen, own gold as well? Governments can always print more money, but they cannot print gold. As a hard asset with limited supply and real, inherent value, gold offers solid protection for your hard-earned assets. You can even add it to your retirement portfolio by converting your existing IRA, former 401(k), or other qualified plan to a Gold IRA. Call American Bullion today at 1-800-326-9598 to learn more.