Gold Mining Today

Gold Mining Today Gold bullion production is a very good indicator of the strength of the gold bull market, however, it isn’t the full story. To continue, we must examine who exactly is buying the yellow metal and why. The largest buyers and sellers of... More

Gold Mining Today Gold bullion production is a very good indicator of the strength of the gold bull market, however, it isn’t the full story. To continue, we must examine who exactly is buying the yellow metal and why. The largest buyers and sellers of gold bullion over the last 40 years are the world’s central banks. While central banks are really a whole other topic in their own, the most important point is that central banks keep reserves in the various world currencies such as US dollars, Japanese Yen, the Euro and, most importantly, gold. The following pie charts compare the top ten largest holders of gold bullion in the world in 2000 and then in 2010. Notice the difference in the list of countries, as one country in particular has emerged as a world gold power. During the last 10 years, this country has tripled its gold holdings! 2000 Top Ten Gold Holdings - World Gold Council 8139 3469 3217 3024 2590 2452 912 754 747 607 United States Germany International Monetary Fund Fr Less