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China and Russia Now Rank in the Top Ten Countries by Gold Reserves Holdings

In the last few years China and Russia have been furiously adding to their gold reserves. The chart shows Russia to have the seventh largest holdings of gold and China to have the fifth largest holdings of the yellow metal. A recent Bloomberg report speculates that China may indeed have vaulted into third place in the world gold reserves table.
Complete Top 20- Guess who is in first? (or claims to be?)

Gold Reserves By Country



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Jim Rickards Claims China Uses Military Channels to Import Gold

Jim Rickards claims China has far more gold than is stated that they import it using military channels.

http://inteligenciafinancieraglobal.blogspot.mx/2014/03/jim-...

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Currency Wars

by James Rickards. Makes all of this clear. Gold is the easiest way to start the downfall of the US dollar.

Cyril's picture

Darn. I wish I had hoarded big on coffee last year:

Darn. I wish I had hoarded big on coffee last year:

http://finviz.com/fut_image.ashx?relative_ytd.png

(!)

;P

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Instead of holding 10 year treasuries?

myRA is coming!

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Cyril's picture

LOL. I'd rather hold the same amount of $FRN in raw sugar

LOL. I'd rather hold the same amount of $FRN in raw sugar or refined oil or bricks instead of 10Y T Bills.

Maybe it's just me, though!

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Can't go wrong with sugar

Sugar's a winner.

A real winner has been palladium

It had not suffered the declines of gold and silver

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Cyril's picture

I know!

I know! If I had already a much better (older) position in our two friends of the article I, section 10, I'd have probably seriously considered Pd as well by now.

But one must know how to stand and walk, before running or jumping...

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

I don't think that chart Reflects

The actual amount of gold in each country. it may be accurate in terms of how much gold the central govts. control but not how much gold the people in these countries own.

Do your best have no expectations

You are correct the chart show the amount of gold

Owned by the governmentts' central banks. It does not include private citizen holdings. If it did India would be first.

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Chinese citizens are big on gold

And they've got a lot more money than the Indians to buy it...and they are.

True and there is no ban on them buying gold

Chinese housewives love gold http://smaulgld.com/the-west-sells-paper-gold-while-the-east...

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Cyril's picture

China's figure from 2009

The 1,054 tons figure reported by China dates back to 2009.

Some expect them to update us this year.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

The numbers in the chart probably need massive updating

and we will probably never know exactly who owns what- Fort Knox has been audited since the 1950's!

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United States is the largest holder of gold...LOL LOL LOL

United States is the largest holder of gold.

LOL LOL LOL with other country or people gold. This is funny I don't believe they have that much gold.

I'll bet most of that gold has been leased out to the banksters

through the FED. Also rememmber the scandal when China recieved a shipment of gold from the FED, the bars were salted with tungsten bars in the center. I think that Germany is still waiting to get their Gold to come home from the FED.

The FED has a phoney book keeping system where what is leased and what is held is listed on the same line. The IRS would put you in jail if you tried it. So no one knows how much gold the FED and Government are sitting on, but I doubt if they actually have 10% of what is listed.

Surviving the killing fields of Minnesota

Todays brainwashing: GMO's are safe

agree that was a point made in the original post

also china and Russia probably have more than stated

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There is no such table for central banks silver holdings

Because they don't have any! Here are 11 other differences between gold and silver
http://smaulgld.com/12-ways-silver-is-different-than-gold/

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