Everyone is in debt right now!
As such, governments around the world are likely to be looking around for assets they can dump.
One asset that a lot of countries have: gold!
The March 2010 report from the World Gold Council is now out and it gives insight into who owns how much
See which countries have the most gold as a % of their reserves >
15. Venezuela: 360.8 tonnes / 36.8% of reserves
14. Portugal: 382.5 tonnes / 84.9% of reserves
13. Taiwan: 423.6 tonnes / 4.1% of reserves
12. ECB: 501.4 tonnes / 25.2% of reserves
11. India: 557.7 tonnes / 6.9% of reserves
10. Netherlands: 612.5 tonnes / 53.4% of reserves
9. Russia: 641 tonnes / 5.1% of reserves
8. Japan: 765.2 tonnes / 2.5% of reserves
7. Switzerland: 1040.1 tonnes / 27.1% of reserves
6. China: 1054.1 tonnes / 1.6% of reserves
Image: Associated Press
5. France: 2435.4 tonnes / 65.7% of reserves
4. Italy: 2451.8 tonnes / 64.9% of reserves
3. IMF: 3005.3 tonnes
2. Germany: 3406.8 tonnes / 66.1% of reserves
1. United States: 8133.5 tonnes / 70.4% of reserves
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