10 countries with the most gold

These nations hold huge reserves of the precious metal, according to the World Gold Council.

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VIDEO ON MSN MONEY

83Comments
Jan 13, 2014 9:25PM
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Germany wants their gold back in their country that they were storing in the u s because they trusted our Fort Knox, , the U. S. says it will take 4 years to deliver, don't tell me that our elected leaders  spent all of their money too
Jan 13, 2014 9:58PM
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Ohbummy

Germany is trying to repatriate their gold. Our, oh so benevolent government, which would NEVER lie to ANYONE [yeah, right] says it will take up to FOUR YEARS to ship back Germany's gold. You tell me they haven't stolen it. Our government is full of LIARS and CROOKS, and anyone who's stupid enough to trust the US government is going to get totally screwed!!!  I wouldn't trust this government as far as I could throw a ton of paper money!

Jan 13, 2014 8:36PM
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Why does msn write stories about things they have no frikn clue about?
Jan 14, 2014 10:58AM
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So in essence a great portion of Germany's >3000 tonnes of gold is in the US. Does that mean the US counts that as part of THEIR >8000 tonnes?????? Basically 8000 tonnes of gold translates to approximately $366 trillion give or take. If that is the case and the 8000 tonnes is truly US gold, converting less than 3% bullion would wipe out $10 trillion of US debt. As it was said in Hamlet (I think), "There is something rotten in the US financial system"
Jan 13, 2014 7:41PM
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 So where is Germany's gold? Did Obozo melt it down for the shovel ready jobs?
Jan 13, 2014 8:27PM
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The underpinnings of the global economy are eroding as citizens of industrialized countries are going back to basics after realizing the century long progressive experiment was a fraud.

Now -- where is all that fiat dammed up in banking systems going to go ?

Jan 13, 2014 11:58PM
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china needs more sovereign gold and india MAY soon come to their senses.  no guarantees, but gold may see a 12% or so upside in 2014, with more to come once inflation kicks in.  remember, you can't make the stuff, it's the most malleable metal, it has industrial uses, all the gold ever mined would only fill two olympic size swimming pools, it provides inflation protection, it provides safe-harbor protection and it has been the king of metals for millennia.

 

got gold?

Jan 14, 2014 12:32AM
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MSN tells some whoppers, but g-e-e-e-e-e-e ! ! !


You want to know how much physical gold the U.S. really has, just look at Germany, who wants to take their gold, stored in the New York FED vault and get it back home . . . swastikas, German eagles and all . . . to Germany. But the U.S. says, sorry Germany, your request will not be fulfilled until 2020 (seven years) because the FED bank no longer has Germany's gold. All that Nazi Third Reich gold must be just too collectible now.


Who  else's gold, that was entrusted to the U.S. New York FED bank does the U.S. no longer have?


Worse still is how the U.S. has been selling shares  (paper) for ownership of the (physical). The same ounce of gold owned by Germany is owned by who knows how many other parties. This is called hyper-hypothecation or a Ponzi scheme. Remember Bernie Madoff and his cronies?


Well, the United States of America has been engaging in the same practice. Unfortunately, when too many owners of this paper gold come to redeem the physical real gold there isn't any gold. Just ask Germany. Just ask ABN AMRO who stopped redeeming gold certificates for physical gold because they didn't have the gold.  Fear not. The real fun starts when a run on the gold bank comes.


And MSN, stop deleting my post. You know I am telling the truth.

Jan 14, 2014 9:50AM
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If gold isn't money - like the Federal Reserve (which is neither federal nor has any reserves) says - then why are all the central banks hoarding gold?  China alone imported more gold in one month last year than all the gold that was mined in entire 2013.  If this doesn't stink of precious metal price manipulation, I don't know what does.
Jan 14, 2014 10:55AM
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The "full faith and credit" means not racking up debts and deficits you can never pay back except on the backs of your people in the first place. And if this is how our criminal shyster politicians and banksters, the monied elites, and the corporate oligarchs are handling our cash, then tell me why I should have any faith at all in how they are handling the good stuff, the gold, and how much of the only thing that has the only real monetary value out there is really in our possession? "Trust us."
Jan 14, 2014 3:23PM
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and...what ever did happen to all that gold beneath the twin towers?


(over 1 billion $ of gold still unaccounted for)

Jan 14, 2014 6:52PM
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Since Helicopter Ben doesn't really know what purpose gold is for and that we keep it only out of tradition, then why is a big deal to audit the US gold to see if we really have it. It's not the Government's gold anyway. It's the citizen's gold.

Germany would like to audit theirs as well. The Swiss are wondering where theirs' went also. Maybe China has it all now. They've been buying like gangbusters.

Most main media commentators believe its a barbarous relic, and if so let's get an audit. No big deal. Unless something is rotten in Denmark as they say. By the way, where is  their gold?

Jan 14, 2014 3:21PM
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Sadly, they failed to report how much gold the Vatican has.  Starting with the Templar plunder on Friday the 13th, many many moons ago, I can only imagine how much they have now.
Jan 14, 2014 6:33PM
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The amount of Gold listed for China is from 2009... No one knows how much they currently have b/c China keeps it a secret...but I'd bet my house its a lot more than 1,054 tonnes today.  China almost doubled its holding from 2003 to 2009...  If they reveal their current holdings the price of Gold will likely rise..  China wants to get away from the USD as the world's reserve currency..and will likely try to do so by backing its currency with Gold..  Think about it.. would you prefer a USD backed by the FED's promise to pay (i.e. thin air) or the Yuan backed by a hard asset like physical Gold..?  Just a matter of time folks..
Jan 16, 2014 2:02PM
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Oooops! Somebody forgot to send MSN the memo saying the vault at Ft. Knox has been empty for years!!!!

Jan 13, 2014 9:56PM
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"Now -- where is all that fiat dammed up in banking systems going to go?"


That's a very intriguing $700 Trillion question. Intrigue: It's electronic, trading electronic, racking up a debt presence electronically and traveling like currency as underlayment, not cash or debt. It enjoys higher prioritization than any other asset (stocks, bonds, etc.- as noted in the Corzine matter) and yet, has never been reconciled. It contains-- fiat money, dark pools and laundered monies that may have been kited into creation in the first place. A wise person would also consider the old Monkey Wrench in the gears trick and watch what happens. My bet is-- it all goes poof and a lot of rich people become poor people instantly.

Jan 14, 2014 7:25AM
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Old post....MSN is getting lazy for new stories
Jan 16, 2014 1:50PM
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Sorry - you got it all wrong - the Vatican has more gold than anyone on earth - try proving it though
Jan 15, 2014 8:47PM
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Hey Pot Calling the Kettle Black,

If you're referring to Upton Sinclair's "The Jungle", you really should READ your history instead of the progressive [socialist] propaganda that you seem to be spouting. I HAVE read "The Jungle" and I assure you that it was written as a PIECE OF FICTION, NOT as the truth. ALL the newspapers, government agencies, meat inspectors ALL AGREED THAT "The Jungle" was a FICTIONALIZED account of the meat-packing industry. If the progressives [socialists] claim that this book is true, then THEY ARE LYING THROUGH THEIR TEETH.

Jan 16, 2014 2:22PM
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DATED information  - a great point. If you want current insight, read Jim Rickards "Currency Wars" soon to be followed this spring by "The Death of Money." The petro dollar is on life support, and China and the world knows it. The gold-backed Chinese remembi/yuan is going to be making it's debut in the not-to-distant future. Gold backed SDR's will also be used to settle debt between nations. Imagine the US not being able to do business unless they have say, 40% gold (accounted for) on deposit for each $$ they print to pay for imports. End game for the entitlement programs, that's for sure.  (Nixon closed the gold window in 1971.)

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