Top 10 Countries With the Largest Gold Reserves in USD 2000-2019 🔆🇺🇸🇧🇪🇮🇹🇫🇷🇨🇭🇨🇳
This a timeline data video shows the Top 10 Countries With the Largest Gold Reserves in USD 2000-2019 🔆🇺🇸🇧🇪🇮🇹🇫🇷🇨🇭🇨🇳
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A gold reserve was the gold held by a national central bank, intended mainly as a guarantee to redeem promises to pay depositors, note holders (e.g. paper money), or trading peers, during the eras of the gold standard, and also as a store of value, or to support the value of the national currency.
The World Gold Council estimates that all the gold ever mined totaled 190,040 metric tons in 2019, but other independent estimates vary by as much as 20%. At a price of US$1,250 per troy ounce ($40 per gram), reached on 16 August 2017, one metric ton of gold has a value of approximately $40 million. The total value of all gold ever mined would exceed $7.5 trillion at that valuation and using WGC 2017 estimates.
During most of history, a nation's gold reserves were considered its key financial asset and a major prize of war.
Video Link: • Top 10 Countries With the Largest Gold Res...
Source: Wikipedia
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