The Top 10 Countries by Gold Reserves in 2024
The country with the most gold is the United States, holding 8,133 tonnes valued at $628 billion. Half of the country’s reserves are stored at the United States Bullion Depository, commonly known as Fort Knox, a United States Army installation in Kentucky. Germany ranks second with 3,351 tonnes, followed by Italy with 2,452 tonnes. Source: Visual Capitalist
Another shocking chart: oil in gold terms at 40 year low
Source: www.zerohedge.com, Bloomberg
A shocking chart...
'In gold terms, the SP500 is exactly where it was in August 1971. The significance of that date is that it was the moment when President Richard Nixon severed the dollar's link to gold". Source: Bloomberg, Jesse Felder @jessefelder on X
One Million dollar baby... For the first time in history, a Gold Bar is worth $1 million
Source: Barchart, Bloomberg
Gold is up 49% since WSJ published this little gem:
Source: @spomboy, WSJ, E.J Antoini
Visualizing Global Gold Production in 2023
Source: Elements
You might wonder why gold is down in a day like today?
diversification does not always work. When margin calls happen everything gets liquidated...
Remarkable chart: gold in yen.
No further comments necessary. Source: Michel A.Arouet, Ht @AugurInfinity
