Quantcast
Gold News Today: This Month’s Financial Holdings Stats | The Mesh Report

Gold News Today: This Month’s Financial Holdings Stats

Mike Hammer July 7, 2017 Comments Off on Gold News Today: This Month’s Financial Holdings Stats

Borrowing inspiration from the classic 1980’s Wendy’s commercial, “Where’s the gold?”  As you may recall, each month the IMF releases a report showing, to the best of their ability, the IMF’s counting of which country holds how much gold.  In “reserve”, whatever that means, and definitely under the control of that country’s government.

Accountants are taught to read the footnotes first; the footnotes in this report both enlighten and en-baffle.  For example, footnote #2 makes a seemingly-simple term ever more convoluted.  And Vietnam is mentioned in another footnote as claiming “10 tonnes.” However, it’s omitted from the list as the IMF has no other data on gold movements into or out of Vietnam.

Continue Reading At The Gold Enthusiast



Comments are closed.