Do realize the US population is poorly prepared for a gold revaluation. The top two countries with the highest PRIVATE gold ownership is China and India.
“ Private holdings
[11] [12]
Rank Name Type Gold holdings
(in tonnes)
1 China Private 31,000[13]
2 India Private 30,000[14]”
Is it any coincidence they are Brics members? These two nation’s citizens will benefit the most from a worldwide Gold revaluation…..brings to mind “ So the last will be first, and the first will be last”.
Yeah of course Russia and China have lots of AU reserves and lead the BRICs in wanting to give gold a much larger role in international trade.
If BRICs economic influence grows greatly. Then the US and Western nations might be forced to join the BRICs. In bring gold into world trade and the currency exchanges.
“Do realize the US population is poorly prepared for a gold revaluation. The top two countries with the highest PRIVATE gold ownership is China and India.”
Thanks, Now I know. The Arab oil nations. Their kings and citizens also love that “barbarous relic”, that snooty Western super-bankers have called gold.
Probably not per capita. A number of sources cite India as number one.
“Rank Name Type Gold holdings
(in tonnes)
1 China Private 31,000[13]
2 India Private 30,000[14]”
You didn’t cite your source. Wiki by the format. Wiki does not list the US.
“Do realize the US population is poorly prepared for a gold revaluation.”
Per capita, US citizens may own more gold than Chinese.