Gold reserve by country in 2012
Gold has always been an attractive metal, be it as jewellery or investment.
It was also once a commodity for trading before being replaced by money in the form of printed paper.
As global economy goes up or down, gold has always been considered a safe–haven asset.
It is interesting though, to find out how countries are keeping them.
The following table is a copy from Wikipedia’s Gold reserve entry.
I am not an economist, but by ranking of gold reserve kept by any country, it does seem to be a correlation in terms of the gold amount they have with their economy?
If a country has lower gold reserve as compared to its neighboring country, would it spell disaster if the global economy crashes?