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Official gold reserves
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Gold reserves (or gold holdings) are held by central banks as a store of value. In 2001, it was estimated that all the gold ever mined totaled 145,000 tonnes. One tonne of gold equated to a value of US$30.27 million as of February 14, 2009 ($941.35/troy ounces). The total value of all gold ever mined would be US$4.39 trillion at that price.[The valuation of a tonne of gold is calculated from the market price of a troy ounce: 32150.75 oz (troy) ˜ 1 tonne.]
At the end of 2004, central banks and official organizations held 19% of all above-ground gold as a reserve asset.

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Encyclopedia
Gold reserves (or gold holdings) are held by central banks as a store of value. In 2001, it was estimated that all the gold ever mined totaled 145,000 tonnes. One tonne of gold equated to a value of US$30.27 million as of February 14, 2009 ($941.35/troy ounces). The total value of all gold ever mined would be US$4.39 trillion at that price.[The valuation of a tonne of gold is calculated from the market price of a troy ounce: 32150.75 oz (troy) ˜ 1 tonne.]
At the end of 2004, central banks and official organizations held 19% of all above-ground gold as a reserve asset. About one percent of all above-ground gold (370 metric tonnes) was mined in the first five years of the California Gold Rush.
IMF gold reserves IMF gold reserves refers to 3,217 tonnes of gold held by the International Monetary Fund. It is currently priced at $42 a troy ounce ($1,370/kg) for accounting purposes, a price that was fixed in 1971 just before the Nixon administration officially delinked the U.S. dollar from gold and instead allowed market forces to set the dollar's worth. An attempt to revalue the gold reserve to today's value has met resistance for different reasons. For example, Canada is against the idea of revaluing the reserve, as it may be a prelude to selling the gold on the open market and therefore depressing its price. It is also not clear whether the gold reserve is the property of the IMF or of member countries.
Privately held gold As of September 2008, gold exchange-traded funds held 1,039 tonnes of gold in total for private and institutional investors.
Officially reported gold reserves The largest gold holdings in tonnes as reported by the World Gold Council can be seen in the table below, per 22 September 2005 and 14 December 2007, ranked by their 2005 holdings. Although the United States has the largest reserves of individual countries, in total the eurozone gold holdings are greater (11,065 tonnes as of December 2007).
| World official gold holding (September 2008) |
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| Rank | Country/Organization | Gold (tonnes) | Gold's share of total forex reserves (%) |
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| 1 | | 8,133.5 | 77.3% | | 2 | Germany | 3,413.1 | 66.4% | | 3 | International Monetary Fund | 3,217.3 | - | | 4 | France | 2,540.9 | 57.8% | | 5 | Italy | 2,451.8 | 67.0% | | 6 | Switzerland | 1,064.1 | 38.1% | | - | SPDR Gold Trust (a Gold exchange-traded fund) | 1,024 | - | | 7 | Japan | 765.2 | 2.1% | | 8 | Netherlands | 621.4 | 59.9% | | 9 | People's Republic of China | 600.0 | 0.9% | | 10 | European Central Bank | 533.6 | 23.0% | | 11 | | 472.6 | 2.1% | | 12 | | 422.4 | 3.8% | | 13 | Portugal | 382.5 | 85.5% | | 14 | India | 357.7 | 3.1% | | 15 | Venezuela | 356.8 | 29.3% | | 16 | United Kingdom | 310.3 | 15.4% | | 17 | Lebanon | 286.8 | 33.5% | | 18 | Spain | 281.6 | 39.0% | | 19 | Austria | 280.0 | 40.4% | | 20 | Belgium | 227.6 | 37.3% | | 21 | Algeria | 173.6 | 3.4% | | 22 | Libya | 143.8 | 4.2% | | 23 | Sweden | 143.2 | 11.7% | | 24 | Saudi Arabia | 143.0 | 10.0% | | 25 | Philippines | 133.1 | 9.9% | | 26 | Singapore | 127.4 | 1.9% | | 27 | Bank for International Settlements | 125.0 | - | | 28 | South Africa | 124.3 | 9.6% | | 29 | Turkey | 116.0 | 3.9% | | 30 | Greece | 104.6 | 87.6% | | 31 | Romania | 103.7 | 6.6% | | 32 | Poland | 102.9 | 3.3% | | 33 | Thailand | 84.0 | 2.2% | | 34 | Australia | 79.8 | 6.1% | | 35 | Kuwait | 79.0 | 13.4% | | 36 | Egypt | 75.6 | 5.8% | | 37 | Indonesia | 73.1 | 3.3% | | 38 | Kazakhstan | 73.0 | 9.4% | | - | IAU Gold Trust (a Gold exchange-traded fund) | 68.1 | - | | 39 | Denmark | 66.5 | 5.1% | | 40 | Pakistan | 65.3 | 16.0% | | 41 | Argentina | 54.7 | 3.1% | | 42 | Finland | 49.1 | 15.7% | | 43 | Bulgaria | 39.6 | 5.1% | | 44 | West African Economic and Monetary Union | 36.5 | 9.0% | | 45 | Malaysia | 36.4 | 0.8% | | 46 | Slovakia | 35.1 | 4.8% | | 47 | Peru | 34.7 | 2.6% | | 48 | Brazil | 33.6 | 0.4% | | - | Central Fund of Canada (Closed End Mutual Fund - (AMEX:CEF)) | 30.2 | - | | 49 | Bolivia | 28.3 | 10.3% | | 50 | Ecuador | 26.3 | 11.6% | | 51 | Ukraine | 26.2 | 2.0% | | 52 | Syria | 25.9 | - | | 53 | Morocco | 22.0 | 2.2% | | 54 | Nigeria | 21.4 | 0.9% | | 55 | Belarus | 20.3 | 11.6% | | - | BullionVault | 15.0 | - | | 56 | Jordan | 14.8 | 5.2% | | 57 | South Korea | 14.3 | 0.1% | | 58 | Cyprus | 13.9 | 29.7% | | 59 | Czech Republic | 13.2 | 0.9% | | 60 | Netherlands Antilles | 13.1 | 31.4% | | 61 | Cambodia | 12.4 | 12.9% | | 62 | Qatar | 12.4 | 2.6% | | 63 | Serbia | 12.2 | 2.3% | | 64 | Laos | 8.1 | 23.1% | | 65 | Latvia | 7.7 | 3.3% | | 66 | El Salvador | 7.3 | 8.2% | | 67 | Economic and Monetary Community of Central Africa | 7.1 | - | | 68 | Guatemala | 6.9 | 3.9% | | 69 | Colombia | 6.9 | 0.8% | | 70 | Macedonia | 6.8 | 7.6% | | 71 | Tunisia | 6.8 | 2.1% | | 72 | Lithuania | 5.8 | 2.3% | | 73 | Ireland | 5.5 | 16.3% | | 74 | Sri Lanka | 5.3 | 3.8% | | 75 | Mongolia | 5.2 | 10.9% | | 76 | Bahrain | 4.7 | - | | 77 | Bangladesh | 3.5 | 1.6% | | 78 | Mexico | 3.4 | 0.1% | | 79 | Canada | 3.4 | 0.2% | | 80 | Slovenia | 3.2 | 7.2% | | 81 | Aruba | 3.1 | 17.1% | | 82 | Hungary | 3.1 | 0.3% | | 83 | Mozambique | 3.0 | 4.6% | | 84 | Kyrgyzstan | 2.6 | 5.3% | | 85 | Luxembourg | 2.3 | 10.8% | | 86 | Albania | 2.2 | 2.6% | | 87 | Hong Kong | 2.1 | 0.0% | | 88 | Iceland | 2.0 | 1.9% | | 89 | Tajikistan | 2.0 | - | | 90 | Papua New Guinea | 2.0 | 2.1% | | 91 | Mauritius | 1.9 | 2.4% | | 92 | Trinidad and Tobago | 1.9 | 0.6% | | 93 | Yemen | 1.6 | 0.5% | | 94 | Suriname | 1.4 | 7.0% | | 95 | Cameroon | 0.9 | - | | 96 | Honduras | 0.7 | 0.7% | | 97 | Paraguay | 0.7 | 0.6% | | 98 | Dominican Republic | 0.6 | 0.7% | | 99 | Gabon | 0.4 | - | | 100 | Republic of the Congo | 0.3 | - | | 101 | Chad | 0.3 | - | | 102 | Central African Republic | 0.3 | - | | 103 | Uruguay | 0.3 | 0.1% | | 104 | Estonia | 0.2 | 0.1% | | 105 | Chile | 0.2 | 0.0% | | 106 | Malta | 0.2 | 0.8% | | 107 | Costa Rica | 0.1 | 0.0% | |
See also
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