Gold reserves of the countries of the world. Where is the gold reserve of all countries stored?

The gold reserves of the countries of the world act as an indicator expressed in US dollars. It displays in full all the currency and financial assets available to the state bank, which are used for the operational regulation of the financial balance of states and are relevant at a clearly defined point in time.

Insurance and reserve funds

The gold reserves of the countries of the world is in effect a centralized reserve of gold in the format of ingots and coins and is part of the official gold and foreign exchange reserves of states. It is at the disposal of the monetary authority of the country and under the control of the world organizations that are engaged in lending. Today this metal is used practically by all countries of the world as an "insurance pillow of safety". In the past, during the free spin of the precious metal, it was used as a collateral for payments between states, on payments inside the country and on contributions.

A bit of history

In 1913, the gold reserves of the countries of the world (about 60%) were concentrated within the framework of centralized reserves. About 40% of the precious metal was in free circulation. As the development and transformation of the economy, the metal was replaced by banknotes, which entailed its concentration within the specialized funds. There was a period in history when the precious metal played the role of money in individual states of the world. Between 1929 and 1933, his role was to secure worldwide payments. In the post-war period (1939-1945), the weakening of the economy of most countries in the world led to a sharp increase in the role of gold. The stage of asset accumulation has begun in the frames of each individual country. Today the leaders in terms of gold reserves are the following countries:

• America - 8133.46 tons.
• Germany - 3384.2 tons.
• Italy - 2451.84 tons.
• France - 2435.38 tons.
• Russia - 1208.2 tons.

The top ten leaders include such countries as China and Japan, Switzerland and the Netherlands, India.

Contemporary stocks

Modern reserves of gold, which are accounted for by the states of different countries, are concentrated not only in the dominant banks of different countries, but also in the IMF reserve. The gold reserves of the countries of the world in 2014-2015 are estimated at 32 thousand tons. This volume does not include metal, which at the moment is in the hands of the world's population in the format of coins and jewelry. The reserves are replenished annually thanks to gold mining. To say by the way, the gold reserve of the countries of the world (1/100 part) was mined during 5 years during the gold rush in California. Many scientists are inclined to believe that the precious metal itself is of cosmic origin, and modern deposits of ores appeared on the planet about 4 billion years ago.

Distribution of the gold reserve in 2000

At the very beginning of 2000, the volume of gold produced was about 150,400 tons. They were differentiated as follows:

• About 30 thousand tons - in central banks and in international organizations.
• 79 thousand tons - in the format of jewelry.
• 17 thousand tons was spent on products in dentistry and in the electronics industry.
• 24 thousand tons are concentrated in the form of investments.

By 2009, the amount of gold reserves increased to 165 thousand tons worth more than $ 5 trillion. Gold reserves of the countries of the world (2013-2014) amounted to about 166.6 thousand tons. The amount of precious metal continues to increase.

Return of gold to the world financial system

Despite the rejection of gold as a payment instrument many years ago, countries continue to actively accumulate this precious metal, systematically increasing its purchases. In particular, the gold reserves of the countries of the world for 2014 increased sharply due to the buildup of the reserve by many leading countries:

• Russia increased its reserves in 2013 to 1040.71 tons, which is twice as much as it was recorded in 2009. In 2013, 150 tons of yellow metal were purchased.
• India in 2013 increased the reserve from 35 tons to 67 tons.
• They actively build up their reserves, but without official figures, such states as Kazakhstan, China and Iraq. China plans to increase the size of its gold fund to 10-11 thousand tons of gold.
• Brazil does not purchase metal, but it is actively expanding its production facilities. The government's plans for the period from 2014 to 2021 include an increase in the volume of mining of minerals to 180 tons per year.

Gold in the world arena

The rating of the world's gold reserves would be formed by events in history that took place in the 1930s. At that time, most of the world's states feared the invasion of the Germans. Almost all the gold reserves with the purpose of conservation were transported to the territory of America, where they are stored in a specialized store of the Federal Reserve Bank of the United States in New York. The United States is almost entirely in control of the IMF, which is unable to sell its own gold reserve without the consent of the US Congress. This policy of the country is not satisfied by all states, and from time to time countries are making attempts to return their savings home. For example, in 2011 Venezuela deployed a large company, which was aimed at returning gold, which is at that time abroad, to the country. The result of such an event was the return to the territory of the state of more than 17 thousand bars of 29 thousand, which belong to the state. On the territory of America, most of Germany's stock is kept, which, despite desperate and intensive attempts to return it home, could not achieve the desired result. Panic in the world is caused by the fact that rumors are very common about the replacement of precious metal in the US stores with copies of it, gold-plated tungsten ingots.

Custodian of guarantees

The gold reserves of the countries of the world, which in 2013 amounted to just under 170 thousand tons, are now partially stored in America in a specialized storage facility. The premise for the precious metal was built in 1920, and it is located at a depth of about 25 meters under the ground. According to official data, about 6 700 thousand tons of ingots worth $ 368.5 billion are currently stored in the depository. Interestingly, 98 percent of the metal is not owned by the US, but belongs to other states. A small part of the gold reserve is in the reserves of France and England. The Federal Reserve Bank in the city of New York acts as the authorized custodian of the world's wealth.

What threatens to store most of the gold reserves in America?

The gold reserves of the countries of the world in 2014, which is stored on the territory of America, began to arouse strong public interest. This is due to the urges of Germany to return their supplies to their homeland. America is very interested in the title of guardian of precious metal, because it plays the role of providing in a wide variety of financial transactions. The seizure of German gold from the reserve can shake not only the US economy, transportation of the latter to its home country will speak of a low level of trust, which is very unprofitable in the current economy. Moreover, the public is convinced that, if necessary, the Fed will not be able to return all the gold reserves of the countries of the world in 2014, which it has in the vault. This is due to the fact that when gold was transported to America, its distribution across countries was not organized. Under the bankruptcy of the Federal Reserve System, states will have the status of second-tier creditors, which excludes the possibility of withdrawing their assets from the financial institution as a matter of priority. Easier to say, today it is rather problematic to determine which metal belongs to whom. Germany initiates the verification of American funds, and experts attribute this to the fact that the government of the country simply fears another global crisis, in which conditions gold will be the only guarantor of stability.