It’s interesting to see the central banks scamper to buy gold and then slither to hide it in vaults both known and unknown. What’s equally interesting is the fact that they dissuade commoners from purchasing it by suppressing prices.
If all of the “real” wealth and safe investing was in the “Wall Streets” of the world, why would they bother holding gold? They wouldn’t.
According to the World Gold Council these are the top 10 gold hoarders for 2013.
1. India 557.7 tons
2. Netherlands 612.5 tons
3. Japan 765.2 tons
4. Russia 1,015.1 tons
5. Switzerland 1,041.1 tons
6. China 1,054.1 tons
7. France 2,435.4 tons
8. Italy 2,451.8 tons
9. Germany 3,387.1 tons
10. USA 8,133.5 tons
Are the numbers vastly understated; of course. The World Gold Council doesn’t want to bite the hand that feeds it.
Gold Goliath is not your typical gold dealer.