Gold Reserves By Country: 2018 (Tonnes) 1. USA = 8134.00 2. Germany = 3373.60 3. Italy = 2451.80 4. France = 2436.00 5. Russia = 1857.70 6. China = 1842.60 7. Switzerland = 1040.00 8. Japan = 765.20 9. Netherlands = 612.50pic.twitter.com/iBvG0b7uMr
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Highly decentralized ownership, and that makes it highly unpredictable. I have lived in various parts of India. There are Places where gold is just not SoV, but also holds religious and emotional value. Every Indian feom lower middle class and above, owns gold.
Indeed outside of modern Western culture a store of value function is usually condensed with display of wealth and often has religious implications.
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I thought since gold ownership is so ingrained in their culture, that it would permeate to govt ownership as well. Guess not.
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Nick, your remarks are golden in general ;) I consider them my personal SoW ;)
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You way of telling and disecting facts fascinates me.
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