Who’s stockpiling gold?
Gold has long been viewed as the ultimate financial asset, and never more so than during times of financial crisis such as the current one caused by the coronavirus pandemic, which is why its price has soared to record highs.
While we no longer use the ‘Gold Standard’ to determine the value of currencies, the precious metal is still incredibly useful and held by many central banks because it provides stability as it’s not impacted by political changes or economic shocks, plus it’s a liquid asset which means it can be converted to cash if needed.
But who has the most stashed away? Using the 2020 World Official Gold Holdings Chart, click or scroll through the top 30 countries that own the most gold.
Reference: Money: lovemoney staff 5 hrs ago: 5th August 2020