Talk:Gold reserve

message: Where is IMF Gold held? At a few locations?  As a fraction of each countries gold reserves?  Is it all just on paper with no 'real' reserves?  Please someone explain in better detail IMF Reserves.   —Preceding unsigned comment added by 70.116.147.146 (talk) 05:49, 14 June 2010 (UTC)
thread_title:  Where are IMF Gold Reserves? 

message: The opening paragraphs are inconsistent-
Two facts are presented:
India has the largest gold reserves in the world with more than 20,000 tons of gold had privately!  — Preceding unsigned comment added by 64.134.243.21 (talk) 15:19, 27 November 2015 (UTC)
thread_title:  Inconsistent values 

message: The long list seems a bit unencyclopedic.
:On a somewhat-related note, this BBC article  claims that the UK has 400 tonnes of gold stored in the Bank of England specifically.  Unless I am reading wrong, this doesn't jibe with the 311 in the table.  Though it does add that the Bank of England holds many reserves from other countries as well, so the actual amount stored in the UK is much greater than the total amount (listed) of the UK's own holdings foreign and domestic.  Anyway, don't know how the 400 and 311 line up, but either apples and oranges are being compared (possibility, I didn't read that carefully) or one of those numbers is wrong. Isoxyl 19:33, 30 May 2006 (UTC)
thread_title:  List 

message: why is the value of the us's gold SO much higher per troy ounce than the gold of the imf? $700 something per troy ounce for the us's gold and the international groups gold is worth $40-50 and ounce? that makes no sense at all. i do not know these values, so cannot correct this, but the facts in this article are so butchered its reminescent of the federal reserves present policies... total bs.  —Preceding unsigned comment added by 12.210.40.43 (talk) 17:37, 17 December 2007 (UTC)
thread_title:  The value of gold in this article is HIGHLY inconsistent. 

message: Anyone know why the UK's gold reserves are far lower than their economic neighbours (most of the G8 members)? Seems a bit inconsistent with the GDP tables found elsewhere. RevenDS (talk) 15:34, 10 January 2008 (UTC)
replies: text: Gordon Brown, whilst Chancellor, sold 60% of the UK's gold reserves.--Johnbull (talk) 17:21, 10 January 2008 (UTC)
thread_title:  UK Gold Reserves 

message: The rankings are not consistent with the latest December 2007 reserve figures. nirvana2013 (talk) 23:35, 23 March 2008 (UTC)
replies: text: Task completed nirvana2013 (talk) 08:21, 27 March 2008 (UTC)
thread_title:  Rankings are not up to date 

message: I was thinking about incorporating the gold reserves per capita to the table on this page, as a measure of individual wealth in an international perspective, so, for example, the US would have 8133/302M = 26.74 grammes per capita of gold reserves.  For a better measure, this would have to be added to other precious metals/stones reserves.  In the context of the presently (May 2008) collapsing global economy, I think that the world will have to return to a gold (or other non-fiat) standard so the quantity of gold per capita held by each country will be a measure of its purchasing power per capita.  I'm not an economist so please correct me if necessary.
Hsilagref (talk) 10:46, 20 May 2008 (UTC)
replies: text: I have been trying to find out how much of the world's economy is actually functioning on a gold standard, or using currency that is readily converted to gold. The common conversion of gold jewellry to money (and money to jewellry) in a large part of the world, would count as evidence that a de facto gold standard is underlying the monetary system.  How could this information be obtained?  Anybody have estimates, or relevant citations?  Janice Vian, Ph.D. (talk) 18:24, 26 November 2011 (UTC)
thread_title:  Gold reserves per capita? 

message: There are two types of tonnes in the world - short tone and metric tone. Which one is being referred to on this page? It does make a huge difference. 196.14.186.18 (talk) 06:06, 30 May 2008 (UTC)
replies: text: Look it up. Tonne means 1000Kg, the "metric ton". Short tons and long tons both are spelled with one N and no E's.  —Preceding unsigned comment added by 76.200.151.191 (talk) 00:37, 16 July 2008 (UTC)

text: Three, actually: long ton and short ton in the archaic English unit system ; and metric tonne, used in most of the world. --Orange Mike  |  Talk 14:11, 16 July 2008 (UTC)

text: I've changed the US$ equivalent to reflect the World Gold Council's use of the metric tonne for mass measurements.  145,000 tonnes x $730/oz.= $25,745,400
As is pointed out by Orange Mike, there are three types of tons/tonnes. As of 2006, the National Geographic Society's (a US scientific society) estimate of how much gold had been mined was 161,000 tons. http://ngm.nationalgeographic.com/2009/01/gold/larmer-text/3 The World Gold Council's estimate of how much gold has been mined through 2009 is 165,000 tonnes (FAQ 37 at http://www.gold.org/faq/ ), where they are using tonne for metric tonne (FAQ 20). Neither the National Geographic nor the trade group World Gold Council give any references as to how they created their estimates for all of the gold mined, so it is impossible to evaluate them from accuracy nor consistency. However, the differences in mixing up these different type of tons is 10-12% between the short ton and the long & metric tons, and less than 2% between the long & metric tons. 1 ton [short, US] = 29,166.666667 troy ounce, 1 ton [long, UK] = 32,666.666667 troy ounce, 1 ton [metric] = 32,150.746569 troy ounce The likelihood either organization would claim their estimates are accurate to better than 10% is very low, so means worrying about "which ton" is meaningless. Supremeknowledge (talk) 13:59, 30 May 2010 (UTC)
thread_title:  Which tone are we talking about? 

message: Gold's share of reserves? Please explain. The percentages for each country do not add up to 100%. nirvana2013 (talk) 12:43, 15 July 2008 (UTC)
replies: text: Does this mean gold reserves as a percentage of foreign exchange reserves? If this is a calculated figure it will require regular updates in order to keep it current. Alternatively please supply reference if data is sourced. nirvana2013 (talk) 17:45, 21 July 2008 (UTC)
thread_title:  Gold's share of reserves? 

message: It would be informative to compare each nation's gold reserves to it's international debt.
Informative in that, in many/most cases we would see that Gold is an insignificcat percentage of the total debt owed. 
In the case of U.S., which owes over one Trillion in external trade-related debt, to say nothing of financial debt instruments, many, many Trillions of U.S. Government and privatly issued debt.
Gold is one and one-half percent of just trade debt- no way to repay using gold.
63.139.122.2 (talk) 18:03, 4 June 2009 (UTC)
thread_title:  Comparing gold reserves to International Debt 

message: Saudi Arabia is now estimated to own 323 tons of gold, a significant increase from the previous estimate of 143 tons. The table reflecting officially-reported values as of December 2009 may not be the best place to indicate this revised estimate, but I think it is worth noting somewhere in the article (perhaps in a footnote). -- Black Falcon (talk) 05:36, 1 July 2010 (UTC)
thread_title:  New estimate of Saudi Arabian gold reserves 

message: Why is "Euro Area" listed at the top spot in the "World official gold holding" table? Should the "Euro Area" be singled out as an entity? Many individual European countries are already ranked. "South Asia" (which includes India), or "Southwest Asia" (that includes China) would also be acceptable entries if "Euro Area" were included. A case could be made for any political union of countries if "Euro Area" were included. In addition, "Euro Area" does not include all European countries. Those not a member of the European Union are not included. This seems as if it would be unclear to readers. My suggestion would be to delete the "Euro Area" entry in the table, and let the individual European country entries stand. Additionally, the "ECB" (European Central Bank) is already listed, and is the official organ of government that holds gold reserves for the Euro Area (a.k.a. the "Eurozone").
Hellacious (talk) 04:35, 23 December 2010 (UTC)
thread_title:  Regarding "Euro Area" in Table 

message: 165000 tons x 32.15 Million / ton ~= 5304750 Million ~= 5305 Billion ~= 5.3 Trillion  —Preceding unsigned comment added by 74.125.59.68 (talk) 15:50, 11 January 2011 (UTC)
thread_title:  Total valuation of Gold Reserves: Math 

message: http://en.wikipedia.org/wiki/Gold_reserve#Officially_reported_gold_holdings
The table shows United States gold holding as "19,133.5 tonnes".
I think this could be a typo. The correct number should be "8,133.5 tonnes"
Thanks, Gary72.14.117.244 (talk) 15:20, 18 April 2012 (UTC)
thread_title:  USA  Gold tonnes in question 

message: Compared to all the articles and lists I've read, how is the UK at no.2, I've read it only has 300 and something tonnes?  — Preceding unsigned comment added by 85.210.43.181 (talk) 02:56, 18 August 2012 (UTC)
thread_title:  UK Reserves too high 

message: no information on todays German Gold Reserves (mostly kept in New York) and the controversy surrounding it. perhaps an independent article of its own would be best.
also would be nice, if the importance of gold reserves in TODAYS economy would be explained (there is only something about importance of gold reserves in the time of the 2nd World War. this far from uptodate, contemporary information.)
84.236.14.122 (talk) 13:35, 21 September 2014 (UTC)
thread_title: german gold reserve

message: Hello fellow Wikipedians,
I have just added archive links to  on Gold reserve. Please take a moment to review my edit. You may add  after the link to keep me from modifying it, if I keep adding bad data, but formatting bugs should be reported instead. Alternatively, you can add  to keep me off the page altogether, but should be used as a last resort. I made the following changes:
*Attempted to fix sourcing for http://www.imf.org/external/np/exr/facts/gold.htm
*Attempted to fix sourcing for http://www.imf.org/external/np/exr/facts/gold.htm
*Attempted to fix sourcing for http://www.reuters.com/article/2015/07/02/precious-etf-idUSL3N0ZI3W320150702
*Attempted to fix sourcing for http://www.centralfund.com/Nav%20Form.htm
*Attempted to fix sourcing for http://sprottphysicalbullion.com/sprott-physical-gold-trust/net-asset-value
*Attempted to fix sourcing for http://etfcib.absa.co.za/Products/Exchange%20Traded%20Funds/Commodities/NewGold/Pages/default.aspx
*Attempted to fix sourcing for http://www.gold-trust.com/asset_value.htm
*Attempted to fix sourcing for https://www.goldmoney.com/services/verification-and-audits/monthly-total-value-report
When you have finished reviewing my changes, please set the checked parameter below to true or failed to let others know (documentation at ).
Cheers.—cyberbot IITalk to my owner:Online 09:04, 29 March 2016 (UTC)
thread_title:  External links modified 

message: Hello fellow Wikipedians,
I have just modified one external link on Gold reserve. Please take a moment to review my edit. If you have any questions, or need the bot to ignore the links, or the page altogether, please visit this simple FaQ for additional information. I made the following changes:
*Added archive https://web.archive.org/web/20120109130755/http://dollardaze.org:80/blog/?post_id=00479&cat_id=20 to http://dollardaze.org/blog/?post_id=00479&cat_id=20
When you have finished reviewing my changes, you may follow the instructions on the template below to fix any issues with the URLs.
Cheers.—InternetArchiveBot (Report bug) 21:55, 13 January 2017 (UTC)
thread_title:  External links modified 

message: The holdings of Gold by a central bank (or any other financial institution) does not constitute any kind of "reserve" in the context of state finances or financial accounting. Commercial banks have deposits in the central bank and these are called "reserves". (In some countries, these bank reserves must meet a minimum according to certain metrics. See "required reserves".) Gold holdings no longer represent "reserves". No currency in the world is redeemed in Gold any more, not after the dissolution of the Bretton Woods agreement in the early 1970s. Holdings of Gold from then on  simply represent chosen stores of value; Gold is simply another investment vehicle, a commodity holding. There are many and  significant arguments for returning to the gold standard but, until such time, we do not have any kind of "Gold reserves". The name of the article should change to reflect reality. -The Gnome (talk) 18:57, 4 October 2017 (UTC)
replies: text: A new article has been created to better reflect the distinction between the two concepts. -The Gnome (talk) 05:48, 6 October 2017 (UTC)
replies: text: I  Strongly disagree with you.  Practically there two Page with the same content  and same expamples. Can you please show us a reliable source for that what you saying? and please before to create a new Page with same content  , at least can you wait for a consensus with other users?. thanks. AlfaRocket (talk) 19:40, 8 October 2017 (UTC)
replies: text: The distinction between reserves and holdings, in the context of central banking and state finances,  is clear in the literature and not a matter of contention. But I agree it should be made clearer - and it shall be. -The Gnome (talk) 23:55, 9 October 2017 (UTC)
thread_title: Gold reserves or gold holdings?

message: https://en.wikipedia.org/wiki/Gold_reserve#Officially_reported_holdings
Turkey has almost 600 tons of gold but is not in this list? How comes?  — Preceding unsigned comment added by 2003:74:CF49:1D3D:FC73:3541:49AD:8AE0 (talk) 07:24, 25 July 2018 (UTC)
thread_title:  How comes Turkey is not included in the list? 

message: Does anyone really believe the American gold reserve figures? When was this gold last physically audited by independent people? Remember the United States also stores gold that belongs to other governments, one would need to see all the gold in the physical possession of the American government and then subtract the gold that belongs to other governments and organisations - only then could one do a real physical audit.2A02:C7E:1CD7:8C00:851:C6A0:2802:7E12 (talk) 20:27, 25 July 2022 (UTC)
replies: text: There are :conspiracy theories about them, but nothing that is taken seriously by anybody to the left of :Ron Paul. The doubters are generally regarded as cranks; most are :gold bugs. --Orange Mike | Talk 00:06, 26 July 2022 (UTC)
thread_title:  Does anyone really believe the American gold reserve figures?