🔴 Gold Reserves By Country | Countries With The Largest Gold Reserves Since 1845. скачать в хорошем качестве

🔴 Gold Reserves By Country | Countries With The Largest Gold Reserves Since 1845.

In this Bar Chart Race video of the "Gold Reserves By Country", You will see the Countries With The Largest Gold Reserves ranking from 1845 to 2021. After watching this video, You will see: 1- Top 15 countries with the largest gold reserves. 2- Which country has maximum gold reserves. 3-Intrinsic value of gold as a currency. In the mid 19th century, the British empire topped the list of maximum gold reserves. A gold reserve is gold held by a national central bank, intended mainly as a guarantee to redeem promises to pay depositors, noteholders, or trading peers, during the eras of the gold standard, and also as a store of value, or to support the value of the national currency. The gold reserve of the United Kingdom is the amount of gold kept by the Bank of England as a store of value of part of the United Kingdom's wealth. Leftover from the Gold Standard which the country abandoned in 1931, As of 2017, it is the 17th largest central bank reserve in the world with 310.29 tonnes of gold bars. United States Gold reserves started to increase significantly from the beginning of the 20th century, and hence the United States become the country with maximum gold reserves. As it did in World War I, the United States entered World War II well after the fighting had started. Before it entered the war, the United States served as the Allies’ main proprietor of weapons, supplies, and other goods. Collecting much of its payment in gold, by the end of the war, the United States owned the vast majority of the world’s gold. This precluded a return to the gold standard by all of the countries that had depleted their gold reserves. According to GFMS, as of 2012, An estimated total of 174000 tonnes of gold have been mined in human history. This is roughly equivalent to 5.6 billion troy ounces, or in terms of volume, about 9,261 cubic meters. There are varying estimates of the total volume of gold mined. Modern countries may have moved off the gold standard a long time ago, but many central banks still hold significant gold reserves. Central banks have been adding millions of tons of gold each year to bolster their reserves. This begs the question: If currencies aren’t backed by gold anymore, why are central banks still buying non-yielding gold when they could be holding foreign bonds that pay regular interest and cost nothing to store? Gold is an intrinsic currency that’s accepted anywhere in the world without a third-party guarantee. In other words, U.S. dollars must be guaranteed by the United States government to be worth anything, whereas gold is theoretically always worth something anywhere, anytime. Central banks hold gold reserves as an insurance policy against hyperinflation or other severe economic catastrophes. For example, if the U.S. dollar were to dramatically decline in value relative to other currencies, the government could sell gold to buy dollars and support its value. ---------------------------------------------------------------------------------------------------------------------------------------- Data Source: www.gold.org ---------------------------------------------------------------------------------------------------------------------------------------- ► Credits: Whoosh sound by MinecraftM153: https://freesound.org/s/432557/ Images used in thumbnail from https://www.freepik.com/ ---------------------------------------------------------------------------------------------------------------------------------------- Playlist of "Global stats":    • Global Stats   ----------------------------------------------------------------------------------------------------------------------------- PS: Don't forget to subscribe "All in stats" for more trusted and awesome videos.    / @allinstats   #Gold_Reserves_By_Country, #bar_chart_race, #Allinstats,