Ever since the financial crisis, central banks have embraced gold and increased their reserves. Gold is money. Gold can save you from the failed fiat monetary system experiment.
The World Gold Council released two new charts that list the top 20 nations with the most gold reserves. The United States topped the list, followed by Germany and the International Monetary Fund (IMF). Surprisingly, Venezuela is still on the list (SEE: ‘Socialist Paradise’ Venezuela running out of money, begins to sell gold reserves).
Do we even know if the Federal Reserve has kept its Treasury gold holdings? Is it possible Fort Knox, West Point and Denver have been cleaned out? As Economic Policy Journal reported last month, former Fed Chair Ben Bernanke told the audience that the yellow metal was still there at the New York Fed, even though that’s not where it’s held.
Here are the two charts:
Leave a Comment