36.1 percent of Venezuela's foreign reserves are in Gold

echebota

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According to CNBC Banco Central de Venezuela manages the 392 tons of gold in the country’s reserves, which amount to approximately $13.07 billion and represent 36.1 percent of Venezuela's foreign reserves. Although Venezuela currently has the fifteenth largest reserve on the list, president Hugo Chavez announced in June 2009 that his government has introduced new policies to promote gold extraction and boost its ranking.

I didn't know that. Good for them. Way to go Hugo :)
 
Does anybody know how much gold US treasury holds? what % is it of the total forein reserves?
 
http://www.cnbc.com/id/33242464?slide=4

Other surprises:

At 420.8 tons, Portugal’s holdings are overseen by Banco de Portugal and are worth roughly $14.03 billion, accounting for 90.9 percent of the country’s foreign reserves

The Netherlands has the ninth largest reserve on the list with 673.8 tons of gold. The Netherland Bank manages the country’s national finances, including the gold reserves, which amount to approximately $22.47 billion in the current market and account for 59.6 percent of the country's foreign reserves.

The Swiss National Bank (left) conducts Switzerland's monetary policy and manages the country's 1,144.1 tons of gold. With the world's seventh largest reserve of the precious metal, Switzerland's supply is worth approximately $38.15 billion in today's gold market, accounting for 29.1 percent of the country's foreign reserves.

The French National Bank, Banque De France (left), is home to the country's large gold holdings, which comprise 70.6 percent of its foreign reserves. With 2689.6 tons of gold in reserve, France's holdings are worth approximately $89.68 billion.

The Banca D'Italia (left) manages Italy's foreign reserves, which have been reported at 2697 tons by the World Gold Council and comprise the fourth largest gold reserve in the world. These holdings are worth $89.92 billion and account for 66.6 percent of the country's foreign reserves.

The Deutsche Bundesbank, Germany's central bank, has 3749.1 tons of gold reserves, which are valued at about $125.01 billion. According to the World Gold Council, Germany’s gold coffers account for 69.2 percent of total foreign reserves.

The total gold reserves of the United States equal 8946.9 tons and are valued at approximately $298.36 billion. It does not say what % of the total forein reservs it is.
 
http://www.cnbc.com/id/33242464?slide=4

The total gold reserves of the United States equal 8946.9 tons and are valued at approximately $298.36 billion. It does not say what % of the total forein reservs it is.

Yea I read this article yesterday and noticed they conveniently left out the percentage for the united states. Does anyone know where I would find how much total foreign reserves the US has?
 
Hmmm, how much of that "gold" is made out of paper, I wonder?

Cardboard cutouts with gold spraypaint.
 
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