The Global Gold Stockpiles

The Global Gold Stockpiles

$XAU, $GLD

As of June 2019, the United States was the country with the largest gold reserves.

The reserves of the US were over 2X as large as those of 2nd-placed Germany, and nearly 4X as large as the reserves of number 3, Italy.

The largest producer of gold worldwide, China, ranked 6th, with a gold reserve of almost 2,000 tonnes.

In Y 2018, the country mined roughly 400 tonnes of gold, or nearly 100 tonnes more than Australia, the 2nd-largest gold producer in the world.

With the uncertainty on the stock market caused by political and economic unrest and the continued low interest rates, gold has sparked the interest of lots of investors.

As the international gold price has remained relatively stable in the past few years, gold has provided them with an interesting alternative investment option.

Stay tuned…

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