QuoteA gold reserve is the gold held by a national central bank, intended mainly as a guarantee to redeem promises to pay depositors, note holders(paper money).

Fort Knox, Indiana is where America's gold reserves are held. Not in any mine.

Quote from: DKG on March 08, 2025, 10:19:24 AMThat is not gold reserves.

Sorry... our Gold reserves..

Gold Reserves in Australia averaged 77.63 Tonnes from 2000 until 2024, reaching an all time high of 79.87 Tonnes in the first quarter of 2024 and a record low of 48.83 Tonnes in the fourth quarter of 2019.
https://tradingeconomics.com
Australia Gold Reserves - Trading Economics

Quote from: DKG on March 09, 2025, 10:50:07 AMI am not talking about Australia or gold mines/resources. Gold reserves are not mines/resources in the ground not owned by a nation's central bank.

A gold reserve is the gold held by a national central bank, intended mainly as a guarantee to redeem promises to pay depositors, note holders(paper money).

Do you understand the difference now caskur or do you require further explanation?

In your first post you only list Northern Hemisphere countries but if you google as I did, who has the highest gold reserves in the southern hemisphere... it says this...



Australia is estimated to have the world's largest gold reserves, with 9,500 tonnes or 17 per cent of the total world estimated gold reserves of 57,000 tonnes. Geoscience Australia estimates that 60 per cent of Australia's gold reserves are in Western Australia.


CANADA HAS a gold mine ( not reserves) in my state...

Also I am pretty sure Indonesia and South Africa has plenty of Gold.... I am talking mines here not reserves.

West Aust is famous for minerals of which every human on earth has a piece of our minerals...

It was once said of the Japanese, America was their grain bowl,  Europe was their boutique.  And Australia was their mine. (Now it's China)

I thought that was quaint.

Quote from: Thiel on March 09, 2025, 01:59:10 PMFort Knox, Indiana is where America's gold reserves are held. Not in any mine.

And people are buying gold to invest against the big crash but I don't know really if we can guarantee anything.


I just learned in the last hour that vandals are terrorising Elon Musk and wrecking peoples Tesla's with spray paint.


What would you do about it?

Now if you ask how much we have in Gold in the Reserve bank we have 80 TONNES...vvvv

How much gold does the Reserve Bank hold? As part of Australia's official reserve assets, the Reserve Bank holds an amount of gold. Including gold that is on loan, the RBA's holdings amount to 80 tonnes, with the full value of these holdings recorded as an asset on the RBA's balance sheet.

https://www.rba.gov.au

Australia is number 39 on the list of gold reserves held by it's central bank.
https://en.wikipedia.org/wiki/Gold_reserve

Quote from: Brent on March 13, 2025, 01:29:35 PMAustralia is number 39 on the list of gold reserves held by it's central bank.
https://en.wikipedia.org/wiki/Gold_reserve

The might have to start digging up more....lol

Quote from: caskur on March 13, 2025, 12:17:51 PMI just learned in the last hour that vandals are terrorising Elon Musk and wrecking peoples Tesla's with spray paint.


What would you do about it?

Quote from: Brent on March 13, 2025, 01:29:35 PMAustralia is number 39 on the list of gold reserves held by it's central bank.
https://en.wikipedia.org/wiki/Gold_reserve

I saw another one that had them at number forty one. One would be more recent.

Canada doesn't have gold reserves anymore.....they were sold off by Justin Trudeau's government.