Tuesday, October 13, 2009

Benzinga.com | Largest Gold Reserves by Country

Of course America does not believe in foreign reserves - so the last column is a big fat "Not Applicable". Far better to spend over your means indefinitely than to have national savings; let the rest of the world save for us.... we excel at the spending part.....

Top 15 $ Value of % of Country Reserves Reserves United States $298.4 N/A Germany $125.0 69.2% International Monetary Fund $118.0 N/A Italy $89.9 66.6% France $89.7 70.6% China $38.7 1.9% Switzerland $38.2 29.1% Japan $28.1 2.3% Netherlands $22.5 59.6% Russia $20.9 4.3% European Central Bank $18.4 18.8% Taiwan $15.5 3.9% Portugal $14.0 90.9% India $13.1 4.0% Venezuela $13.1 36.1%

FULL STORY