New York: The central banks of the world are now diversifying their foreign exchange reserves in the country with gold. Noted, gold buying by global central banks reached 534.6 metric tons in 2012 ago.World Gold Council reported gold holdings rose to global formally 31671.4 tonnes in March 2013. Want to know which of the Central Bank which owns the largest gold reserves in the world. Here are 10 countries with gold reserves in the world, as quoted from page Businessinsider, Monday (18/03/2013):
1. United States of America
Official gold holdings: 8133.5 tons.
The percentage of gold in reserves: 75.6%
United States has the largest gold reserves volume in 1952, when the reserves reach 20 663 tonnes. Gold holdings fell below the first 10K in 1968.
2. Germany
Official gold holdings: 3391.3 tons.
The percentage of gold in reserves: 72.7%.
Germany
to sell gold under the Central Bank Gold Agreement (Central Bank Gold
Agreement / CBGA) 1 and 2 for the purpose of warning the gold coinage.CBGA3
the first year (2008-2009), the Bundesbank sold approximately 6 tonnes
of gold, and had sold 4.7 tonnes of gold since September 2011.There
is no change in the ownership of German gold lately, but the Bundesbank
announced in January will return all physical backup in Paris and New
York Fed.
3. Italy
Official gold holdings: 2451.8 tons.
The percentage of gold in reserves: 72.2%.
Italy does not sell gold under the CBGA 1 or 2 and has announced no sales under CBGA3.But in 2011, banks in Italy asked the Bank of Italy to buy gold and improve their balance sheets ahead of the stress test.
4. France
Official gold holdings: 2435.4 tons.
The percentage of gold in reserves: 69.2%.
France
to sell 572 tonnes of gold under the CBGA 2, and outside France do
transfer agreement around 17 tonnes to the Bank for International
Settlements around 2004 as part of the purchase of shares of BIS.France announced no plans for the sale of gold reserves under CBGA 3.
5. China
Official gold holdings: 1054.1 tons.
The percentage of gold in reserves: 1.7%.
Gold
still contribute a very small percentage of the foreign exchange
reserves of China reached U.S. $ 3.2 trillion, compared with the average
of other countries in the international reach 10%.Build gold reserves will be very important for China to see the movement of its currency in the world. The country is also hoping to create a reserve currency, according to the Financial Times.
6. Switzerland
Official gold holdings: 1040, 1 tons.
The percentage of gold in reserves: 10.5%.
In
1997, the state announced a proposal sale of part of the gold reserves
of the country as it is considered as "necessary for the purpose of
monetary policy," according to the World Gold Council.The country has a surplus of about 1,300 tons of gold and start selling it in May 2000. 1170 tons sold under CB GA1, and 130 tons under CBGA2. Switzerland has announced no plans to sell gold under the CBGA 3.
7. Russia
Official gold holdings: 969.9 tons.
The percentage of gold in reserves: 9.8%.
Russia
has built up its gold reserves since 2006 to diversify its foreign
exchange reserves, and to help build the ruble as an international
reserve currency.In 2012, Russia added 75 tons of its gold reserve holdings, which are mostly purchased from within the country.
8. Japan
Official gold holdings: 765.2 tons.
The percentage of gold in reserves: 3.2%.
Japan's gold reserves in 1950 reached 6 tons. New
Central Bank started to increase gold holdings through purchases
dramatically in 1959, with purchases increasing by 169 tonnes from the
previous year.In
2011, the Bank of Japan sold the country's gold reserves worth 20
trillion yen to boost the economy of the country, in order to calm
investors after the tsunami and nuclear disaster.
9. Netherlands
Official gold holdings: 612.5 tons.
The percentage of gold in reserves: 59.2%.
Back
in 1999, under CBGA1 Netherlands announced that it would sell 300
tonnes of gold over the next five years, but only managed to sell 235
tons.Under
CBGA2 (2004/2005 to 2008/2009), the country said it will sell a total
of 165 tons (including 65 tons left over from CBGA1), and announced no
sales under CBGA3 (from 2008/2009-2013/2014).
10. India
Official gold holdings: 557.7 tons.
The percentage of gold in reserves: 9.9%.
Reserve
Bank of India known buy International Monetary Fund (IMF) and consider
gold as a safe investment, but the country is very rarely give announces
plans to buy gold.Meanwhile, the government has been trying to prevent people from buying precious metals. This was done because it makes India's gold imports assessed deficit