The 13 Countries That Control the World’s Gold Read more: The 13 Countries That

[srikanthuserid]

[b]1) United States holds 8,133.5 tonnes.


2) Germany holds 3,401.8 tonnes.


3) Italy holds 2,451.88 tonnes.


4) France holds 2,435.5 tonnes.


5) China holds 1,054.1 tonnes… and probably now more.


6) Switzerland holds 1,040.1 tonnes.


7) Russia holds 775.2 tonnes… and more.


8) Japan holds 765.2 tonnes.


9) The Netherlands holds 612.5 tonnes.


10) India holds 557.7 tonnes… and growing.[/b] (as per first 9 months of 2010)

India is the second most populous country in the world with nearly 1.2 billion people.  Gold is such a part of the country’s culture that it’s impossible to think of India not accumulating more gold.  In fact, about one-third of the world’s jewelry demand comes from there.

India acquired 200 tonnes of the IMF gold sales in late-2010 at prevailing market prices.  Some may have considered this a peak of the trend, but India is likely to continue acquiring gold under a normalized scenario for 2011 and perhaps for the years ahead.


[b]11) Taiwan holds 423.6 tonnes.


12) Portugal holds 382.5 tonnes.


13) Venezuela holds 363.9 tonnes.



Quasi Government and ETF Dominance:[/b]


The International Monetary Fund holds some 2,846.7 tonnes

The European Central Bank holds 501.4 tonnes

ETF holds 2,167.4 tonnes




[right]Source: 247wallst.com[/right]

[grn]

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[vyshali.......]

sHa_clap4 sHa_clap4 sHa_clap4 *=: *=: *=: *=:

[chotu gadu]

*=: *=: *=: *=: *=: *=: *=: you rock you rock

[tammuduchivas]

*=: *=: *=:

[nastyguys]

Just FYI for people who dont know, value of currency is determined by how much gold backs up that currency.

No gold, the currency's value very low. High gold, high value currency. 

[Deletedid1]

@gr33d India will be buying atleast 100 tons of gold every year

[Deletedid1]

[quote author=nastyguys link=topic=147861.msg1709668#msg1709668 date=1296084508]
Just FYI for people who dont know, value of currency is determined by how much gold backs up that currency.

No gold, the currency's value very low. High gold, high value currency.
[/quote]

thats long time ago bava............ america vaadu daaniki managlam padadu........ @3$% @3$% @3$%

[nastyguys]

[quote author=BENZBABU link=topic=147861.msg1709672#msg1709672 date=1296084553]
@gr33d India will be buying atleast 100 tons of gold every year
[/quote]

Good Evening bava  ~"! ~"! ~"!

[Deletedid1]

[quote author=nastyguys link=topic=147861.msg1709679#msg1709679 date=1296084612]
Good Evening bava  ~"! ~"! ~"!
[/quote]

sCo_hmmthink sCo_hmmthink sCo_hmmthink sCo_hmmthink sCo_hmmthink who r u

[ManUtd]

[quote author=BENZBABU link=topic=147861.msg1709677#msg1709677 date=1296084589]
thats long time ago bava............ america vaadu daaniki managlam padadu........ @3$% @3$% @3$%
[/quote]

mari ippudu eey basis medha calculate chesthunaru??? sCo_hmmthink sCo_hmmthink

[nastyguys]

[quote author=BENZBABU link=topic=147861.msg1709682#msg1709682 date=1296084645]
sCo_hmmthink sCo_hmmthink sCo_hmmthink sCo_hmmthink sCo_hmmthink who r u
[/quote]

pai postlo bava ani pilichi ippudu who r u naaa  @3$% @3$% @3$% *7*^

[Deletedid1]

[quote author=ManUtd link=topic=147861.msg1709693#msg1709693 date=1296084771]
mari ippudu eey basis medha calculate chesthunaru??? sCo_hmmthink sCo_hmmthink
[/quote]

okadi appu okadu konukuntunnadu  LoL.1q LoL.1q LoL.1q LoL.1q LoL.1q

ee appu kanukkovatam enti ra babu ani matuku adagamaku  F@!n F@!n

[mastikaraja]

now it depends on the countries exports.

[srikanthuserid]

[quote author=nastyguys link=topic=147861.msg1709668#msg1709668 date=1296084508]
Just FYI for people who dont know, value of currency is determined by how much gold backs up that currency.

No gold, the currency's value very low. High gold, high value currency.
[/quote]


Untill 1970 all currencies were fixed in relation to other currencies and in relation to gold. Only central banks or governments were able to change the exchange rates between two currencies by means of devaluation or revaluation. Today the "gold standard" is history.


A range of factors influence the exchange rate include:

1. The buying power of a currency compared to the buying power of another currency. This is known as Purchasing Power Parity or PPP.

2. The rate of interest in each country is also important.

3. The rate of inflation may affect the exchange rate.

4. The balance of payments.

5. The stability and strength of the economy and political situation

6. The exchange rate between any two currencies

7. Demographics

8. Isolation versus Openness

9. Natural Resources

10. Weather factors

11. War and Conflicts

12. Economic Situation factors such as jobs, unemployment, work ethic, infrastructure, inflation and direction of the economy.

13. Education