Gold Reserve

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  • Gold Reserve

    Posted on by nimda



    Gold reserve deposits traditionally were the gold held by a central bank or nation intended as a store of value and as a guarantee to redeem promises to pay depositors, note holders (e.g., paper money), or trading peers, or to secure a currency. Since 1977 with the demonetarization of gold countries such as the USA no longer hold enough gold reserves to match the total amount of US dollars in circulation.

    Consequently today, gold reserves are almost exclusively, albeit rarely, used in the settlement of international transactions. There are Gold Reserves controlled by governments around the world and in recent years Private Gold Reserves have appeared. There is a Gold Reserve company listed on the north American stock exchanges, the Gold Reserve Society in Hong Kong, and the American Gold Reserve on the internet. No doubt you will be able to find various other Gold Reserve entities around the globe.

    At the end of 2004, central banks and investment funds held just under 20% of all above-ground gold as bank reserve assets. In 2009 it was estimated that all the gold mined totaled 165,000 tonnes.


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    At a price of US$1900/oz., which was reached in September 2011, a ton of gold had a value of approximately US$60.8 million. The total value of all gold ever mined would exceed US$9.2 trillion at that valuation. All the gold in the World would fit in to a standard size swimming pool.Buy gold online - quickly, safely and at low prices



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