YTD Changes In Gold Reserves By Country (+2K Views)

The World Gold Council provides below a table of changes in gold reserves by country month-by-month and year-to-date. It shows the in- and out-flows of central banks around the world.

The commentary above and below consists of edited excerpts from an article* written by Lawrie Williams (lawrieongold.com/).

The tabulation of significant (+1 tonne total) changes in gold holdings on a month-by-month basis is set out below:

Country	Jan	Feb	Mar	Apr	May	June	Jul	Aug	Sept	Net Total
Belarus	-1		3				2.5		-3	1.5
China*						604.3	19	16.2	14.9	654.4
El Salvador			-5.4							-5.4
Germany			-0.8			-2.4				-3.2
Jordan	3.4	8.1	2.5	0.9			7.5			22.4
Kazakhstan	1.7	2.7	2.3	2.4	2.6	2.3	2.5	2.1	3.2	21.8
Malaysia		0.6	0.6		0.3		0.6			2.1
Mauritius	1									1
Mongolia	-1	-0.1		-0.3		0.7	1.0	-0.9	-0.6	-1.2
Russia	-0.5		30.5	8.3	4.3	24.1	13.1	29.6	34.5	143.9
Turkey**	-14.2	-4.6	2.7	-6.5	-1.9	-4.8	17.2	0.6	-13.2	-24.7
Ukraine	0.3						2.2		0.9	3.4
UAE				2.6	-0.1		2.4	0.1	0.1	5.1

Source: World Gold Council, IMF, lawrieongold

* China figure includes big gold reserve accumulation reported in July, but applicable to an unreported reserve build-up over the previous 6 years. ** Turkey’s reserve figures are somewhat anomalous as they include holding held in the country’s commercial banking system and are thus prone to be far more volatile on a month-by-month basis.

…With the major monthly buyers – Russia, China, Kazakhstan, and perhaps Jordan – seemingly committed to ongoing gold reserve increases, there seems to be little reason why these shouldn’t continue into 2016 and beyond.

[The above article* is presented by the editorial team of munKNEE.com (Your Key to Making Money!) and the FREE Market Intelligence Report newsletter (see sample here – register here) in a slightly edited ([ ]) and abridged (…) format to provide a fast and easy read.]

*http://lawrieongold.com/2015/11/04/significant-changes-ytd-in-world-gold-holdings/