Will shoemakers always be the worst shod? The proverbial Bambara phrase holds true for gold, with mines located in Africa and holders in America, Europe and Asia. “Them the gold and us the cyanide” exclaims an African activist at the figures below.
Indeed, although a major exporter of gold with, among others, South Africa, Botswana, Ghana and Mali, Africa of the 54 countries does not appear in the ranking of 10 countries by the value of. their official gold reserves. Worse still, only 4 countries located between Djoliba and Zambezi are present in the top 50 world holders of gold in the reserves of their central banks.
United States with 8,133.5 tonnes of gold, i.e. $ 477.03 billion depending on the price per ounce on October 15, 2021, are the first country to own the Mansa Moussa metal which weighs for 78.9% in the reserves of the FED. Does this mean that Uncle Sam is the first to be wary of the dollar, a coin decorated with gold since 1971 and which has been operating for a long time according to the good old printing press?
In second place comes Germany
with 3,363.6 tonnes and rofficial gold reserves, i.e. $ 197.27 billion with a pgold art in the country’s foreign exchange reserves 75.2%. Then, Italy with 2 451.8 tons or 144.21 billion dollars equivalent to a share of gold in foreign exchange reserves of 70.8%.
In fourth position, comes France with 2,436 tonnes or $ 142.87 billion and a share of gold in the country’s foreign exchange reserves. 65%. Russia (5th) holds 2,299.2 tonnes of reserve, i.e. $ 134.84 billion equivalent to a pgold art in foreign exchange reserves 22,6%.
China points to sixth place with 1,948.3 tonnes or 114.26 billion dollars and a share of gold in foreign exchange reserves of 3.4%.
Behind comes Switzerland (7th) with 1,040 tonnes of official reserves, i.e. $ 60.99 billion and a pgold art in the country’s foreign exchange reserves by 6.5%.
Japan (8th) has 765.2 tonnes of official reserves, i.e. $ 44.80 billion representing a pgold art in the country’s foreign exchange reserves 3,1%.
L’India (9th) holds 654.9 tons of gold or 38.40 billion dollars and a pgold art in the country’s foreign exchange reserves by 7.5%.
In tenth place come the Netherlands, with 612.5 tonnes and rofficial gold reserves of 35.92 billion dollars, i.e. a share of gold in the foreign exchange reserves of the country of 70,9%.
The first African country appearing in this ranking taken from IMF reports and Algeria which pint in 26th place with 173 tons. 5 steps further, comes South Africa (31st) with 125.3 tonnes. Then Libya (33rd) with 116.6 tons, Egypt (39) with 78.8 tons. These four countries are the only ones to appear in the top 50 holders of official gold reserves.