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Gold Reserves: Top 20 Countries

  • Written by Syndicated Publisher No Comments Comments
    March 24, 2014

     My friend Nick at Sharelynx Gold has an interesting chart on world gold reserves that I would like to share.

    World Gold Reserves 

    click on chart for sharper image


    For those who think the US is going to enter hyperinflation with the US dollar becoming completely worthless, I reply that it will not and cannot happen because the US has the world’s largest gold reserves.

    I am strongly in favor of an audit, but spare me the hype about US gold being tungsten-filled bars or the gold has all been removed, etc.

    Strong price inflation is possible, albeit highly unlikely at present. Given the possibility of a gold-backed dollar, hyperinflation, with the US dollar becoming worthless as happened in Weimar or Zimbabwe, isn’t remotely possible.

    Of course there are numerous other reasons to discount hyperinflation hype. For further hyperinflation discussion, please see Hyperinflation Nonsense in Multiple Places.

    Read more at http://globaleconomicanalysis.blogspot.com/2014/03/gold-reserves-top-20-countries.html#24jtqfUkGR2poVRu.99

    Images: Flickr (licence attribution)

    About The Author

    Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.  Visit Sitka Pacific’s Account Management Page to learn more about wealth management and capital preservation strategies of Sitka Pacific.

    You are currently viewing my global economics blog which typically has commentary every day of the week. I am also a contributing “professor” on Minyanville, a community site focused on economic and financial education.  Every Thursday I do a podcast on HoweStreet and on an ad hoc basis contribute to many other sites.

    When not writing about stocks or the economy I spend a great deal of time on photography and in the garden. I have over 80 magazine and book cover credits. Some of my Wisconsin and gardening images can be seen at MichaelShedlock.com.

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