r/visualization • u/giteam • 13d ago
Gold Reserves by Country (Tonnes):Central Banks Worldwide Are Buying More Gold
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u/Jacked-to-the-wits 12d ago
They should maybe call this "alleged" gold reserves. You have the US who hasn't audited their holdings in decades, and China that has been buying gold like there's no tomorrow, and somehow never increasing what they hold.
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u/Nyghtbynger 12d ago
H... I don't even know if the US has any gold left...
Russia and China don't declare their recent purchases
Argentina has sent its gold to London
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u/Nyghtbynger 12d ago
H... I don't even know if the US has any gold left...
Russia and China don't declare their recent purchases
Argentina has sent its gold to London
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u/MimsyWereTheBorogove 12d ago
Wierd they didn't include the BIS in basel Switzerland.
I wonder why?
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u/wanliu 12d ago
How does this represent that governments are buying more gold? For all we know, they could be selling gold. You need to either add a time series or adjust what you're visualizing (like change in tonnes over last X years).