Gold hoarding nations: Changing gold reserves since 2000

April 26, 2021 by No Comments

Visual Capitalist/Niccolo Conte/4-21-2021

graphic representation of gold ownership among central banks globally

Visualization courtesy of VisualCapitalist.com • • • Click to enlarge

“Gold has long been an important hedge in times of uncertainty, and unlike foreign currencies, equities, or debt securities, its value is not dependent on any company or nation’s solvency. This has made gold an essential part of many national central bank reserves, especially as the monetary supply of many nations continues to expand and central banks are exploring digital currencies which could be reserve or gold backed. With gold still making up a large part of many nations’ reserves, how have central banks been managing the precious metal?”

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Original source: https://www.usagold.com/cpmforum/2021/04/gold-hoarding-nations-changing-gold-reserves-since-2000/