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Malamo Gold, A Powerful Brand, Highlights the New Image of the Times

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Malamo Gold, A Powerful Brand, Highlights the New Image of the Times

June 29
01:02 2021

Malamo is a golden online shopping platform of Prakul Creations Private Ltd.,Co.

A country’s gold reserves can still affect its monetary policy. The United States, the world’s largest financial system, is firmly in the top position in terms of both the size of gold reserves and the proportion of foreign reserves.

1. USA

Official reserves: 8133.5 tons

Proportion of gold reserves in foreign exchange reserves: 71.9%

Today’s gold reserves are not the largest in the history of the United States. In 1952, the gold reserves of the United States reached a record high of 20663 tons. In 1968, the country’s gold reserves fell below 10000 tons for the first time. Affected by World War II, the United States became the world’s largest manufacturing exporter. A large amount of gold flowed into the United States. In order to better protect gold and facilitate the exchange of weapons and equipment at any time in the war, the United States kept its gold reserves at the top of the world for a long time, which laid a solid credit foundation for the US dollar. In addition, the US manufacturing industry at that time relied on the liquidity of the US dollar, making the US dollar incarnate as “US dollar”, As a result, the United States has become the world’s largest financial center.

2. Germany

Official reserves: 3384.2 tons

Proportion of gold reserves in foreign exchange reserves: 68.4%

Germany’s gold reserves are very large, and the current 3384 tons or so are the data after the sale of some gold in October last year. Moreover, the Bundesbank sells 6 or 7 tons of gold to the German finance ministry every year. The Bundesbank also sold some gold under the Washington Agreement (CBGA) rules to make commemorative gold coins. Between 2008 and 2009, the Bundesbank sold about six tons of gold for the first time under the Washington agreement rules. After September 7, 2011, the bank sold another 4.7 tons. Germany’s manufacturing industry has always been at the top level in the world. Germany uses the euro and is also the leader of the European Union. Germany’s demand for gold is much higher than that for foreign exchange. If it is not affected by the United States, Germany’s gold reserves will maintain a stable growth.

3. Italy

Official reserves: 2451.8 tons

Proportion of gold reserves in foreign exchange reserves: 67%

The Italian government loves gold more than France because it has not sold gold under any of the rules of the Washington Agreement and has no plans to sell it. Moreover, Italian banks wanted to ask the Italian central bank to buy their gold in 2011 so that they could improve their balance sheets before the stress test(Since the outbreak of the European debt crisis, Italy’s reputation in the European Union has continued to decline, bearing the reputation of the four golden pigs, and the government is in urgent need of gold to recover its credit value.)

4. France

Official reserves: 2435.4 tons

Proportion of gold reserves in foreign exchange reserves: 65.1%

Compared with the above countries, France’s gold reserves are astonishing both in absolute quantity and in the proportion of foreign reserves. At the end of 2004, France also sold 572 tons of gold under the Washington Agreement. In addition, in addition to the central bank gold sale agreement, France also resold about 17 tons of gold to bis in exchange for the other party’s shares. The French central bank has announced that it does not intend to sell gold under the rules of the Washington Agreement. The French central bank has said it does not intend to sell gold again because it has enough confidence and diversification strategy to cope with the amount changes on its balance sheet.

5. Russia

Official reserves: 1094.7 tons

Proportion of gold reserves in foreign exchange reserves: 9.7%

In the third quarter of 2013, the Russian Central Bank held more than 1000 tons of gold for the first time. Since the Ukraine crisis in February this year, Russia has begun to increase the size of its gold reserves, which has eclipsed Switzerland and China. In August, the Russian central bank bought more gold and accelerated the de dollarization. Long years of sanctions by the United States and Western countries, the urgent need to increase gold reserves to stabilize the domestic currency(In the chapter of global economy and Europe, I will also talk about how Ukraine, which was equal to France, was defeated by monetary policy and finally went into decline.)

About the company:

Malamo is a golden online shopping platform of Prakul Creations Private Ltd.,Co. All the Malamo’s products have BIS certificates, which meet the national quality control standards.

Media Contact
Company Name: Malamo Gold
Contact Person: Media Relations
Email: Send Email
Country: India
Website: https://www.malamo.in/


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