Top 10 Nations Stockpiling Gold -- USA Today
Discussions involving gold hoarders tend to generate images of the stereotypical nervous Nellie hiding out somewhere in the wilderness. Uncivilized and irrational, they count their so-called barbaric stacks of gold, which are located next to a lifetime supply of canned goods. While this portrayal may be amusing, the biggest hoarders of gold are some of the most advanced nations in the world.
Last year, global gold demand reached 3,756.1 tonnes or metric "tons" -- nearly 3.8 million kilograms, or 8.3 million pounds. That amount is valued at $170 billion, according to the World Gold Council. Demand was down from the prior year due to heavy outflows in exchange-traded funds and similar products, but bar and coin demand surged 28% year-over-year as investors still had an appetite for hard assets.
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My Comment: The above video provides an incredible look at the Bank of England's gold vault.
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