🧵 1. Central banks hold gold reserves for safety, liquidity, and returns. The U.S. leads with 8,133 tonnes worth $579 billion as of May 2024. #finance
🧵 1. Central banks hold gold reserves for safety, liquidity, and returns. The U.S. leads with 8,133 tonnes worth $579 billion as of May 2024. #finance
🧵 2. Top 10 countries' gold reserves listed by tonnes in 2024. Data from the World Gold Council reveals Central banks' substantial ownership.
🧵 3. Interest in gold purchases rises amid geopolitical tensions. Which countries are boosting their reserves? Visual Capitalist provides insights.
🧵 4. Russia and China lead in increasing gold reserves, diversifying away from the dollar. Russia up from 1,035 to 2,333 tonnes by 2023.
🧵 5. Türkiye joins top central bank gold additions, growing reserves from 116 to 540 tonnes from 2013 to 2023. Diversification trend continues.
🧵 Read more at: https://www.zerohedge.com/geopolitical/top-10-countries-gold-reserves-2024-whos-adding-most