Updated Table of Central Bank Holdings According To The IMF

EDITOR'S NOTE: The following table based on IMF data shows you how much physical gold central banks are holding in reserve. Note that the figures are in tonnes, and one metric ton is equivalent to 35,274 ounces, ($68.5 Million after today’s closing spot price). The largest holding belongs to the US at 8,133 tonnes; the second largest is Germany’s reserves, 3,359 tonnes. You can read the rest of the article to see how much gold other countries are holding in reserve. If anything, this proves, contrary to popular opinion, that gold certainly is not a “barbarous relic.” If it were, central banks wouldn’t be stashing away so much of it as a hedge against global economic and geopolitical uncertainty; central bank gold holdings wouldn’t be what they are (or what they have been as a standard practice). Interestingly, most Americans tend to follow this advice but only once the hedgeable event has already begun, rendering a good portion of the hedge ineffective.

Feb 28 (Reuters) - The following is a table of central bank gold holdings as of Feb. 28, according to data from the International Monetary Fund (IMF):

All figures are in tonnes.

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Originally posted on Reuters.