Hello, today's subject will be on the economy. You can specify your comments as comments.
This writing is related to the fact that bitcoin has properties in common with gold.
Among the gold precious metals, one of the most popular ones, why do the states increase their gold reserves?
It is estimated that around 160 thousand tons of gold have been extracted. All gold extracted throughout history is enough to fill only two Olympic swimming pools. Gold has always retained its value for history, and most of the gold extracted is kept by central banks.
States hold Gold reserves to diversify their reserves and to use them as shields against external financial threats. What are the countries with the most gold reserves?
When we look at the countries that have the most gold reserves, we see the US in the first place. The US has 8,000 tons of gold reserves, followed by Germany with 3,000 tons. If we see that Turkey's gold reserves of 525 tons.
The reason why the United States has a lot of gold reserves is that America has increased its gold reserves to print money during the years when the countries have so much money. In 1971, the rate of growth of America's gold reserves, which started to print money, stopped.
Here are the countries with the most gold reserves (2018):
Place Country Tone
1 United States 8,133.5
2 Germany 3,373.6
3 International Monetary Fund (IMF) 2,814.0
4 Italy 2,451.8
5 France 2,435.9
6 Chinese 1,842.6
7 Russia 1,828.6
8 Switzerland 1,040.0
9 Japan 765.22
10 Netherlands 612.45
11 India 557.79
12 Turkey 525.79
13 European Central Bank (ECB) 504.77
14 Taiwan 423.63
15 Portugal 382.51
16 Saudi Arabia
17 United Kingdom 310,29
18 Kazakhstan 295.66
19 286.83 Lebanon
20 Spain 281.58
21 Austria 279.99
22 Belgium 227.4
23 Philippines 196.36
24 Venezuela 187.57
25 Algeria 173.64
26 Thailand 152.41
27 Singapore 127.4
28 Sweden 125.72
29 South Africa 125,28
30 Mexico 120.31
31 Libyan 116.64
32 Greece 112.9
33 Korea 104.4
34 Romania 103.7
35 Transactions for the Turkish nationals (BIS) 103
36 Poland 102.97
37 Iraqi 89.82
38 Indonesian 80.56
39 Australia 79,85
40 Kuwait 78.96
41 Egypt 76.29
42 Brazil 67.29
43 Denmark 66.55
44 Pakistani 64.56
45 Argentina 56.12
46 Finland 49.14
47 Belarusian 46.49
48 Jordan 43.54
49 Bolivia 42.51
50 Bulgaria 40.37