Which country's people hold the most gold in the world?

I have read that the country whose people own the highest amounts of gold per person is Abu Dhabi. Individuals all have large portions of their personal wealth in gold.

 

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Well that could be because at any moment maybe a bigger country may wish their oil, and they would be similar to Kuwait 1990.

I would, absent other information, believe India has the most due to both their traditions and having an immature investment climate. Most nations go through development cycles, and until trust can be gained in security markets, (insider trading absent, no manipulation), most countries tend to keep their money in land and other hard assets. Its surprising to me, as my wife and I were looking at land in Chiang Mai, Thailand, that the price of land was higher than most major US cities. Typically, as markets become more mature, they tend to draw more assets in. The simple fact is most south and SE asian people do not trust their markets at all, and are unwilling to invest in them. I have a cousin in law with substantial assets, and he keeps most in land interest, business interests, and gold hidden away. I bet you he has 200 baht, (100 ounces) at least.

Lol, no, I am not making any comments about the state of our markets vis a vie investor trust.

Chris
Chris

 

Well which ever country has the most gold will be the first to be dominated by the aliens :dead-horse: lol so let it be India!!! (Even though its not India, its the USA).

 

It's USA form this Forbes article: http://www.forbes.com/sites/investo...s-the-largest-gold-reserves/?partner=yahootix

 

I saw that when I was in Viet Nam back in '67-69. My dad served in Europe during WWII and he always taught me that if you needed to buy your way across a border, you needed gold. I have always felt that it was a form of insurance, myself. Since today's gold is so expensive and probably out of reach of many people in China, I have been a bit bullish on Silver. People away from the top of the economic strata distrust currency at some point. None of us are actually confident our paper will hold it's value over time. With the ease of obtaining PM's through the on-line marketplace, it seems more and more people are getting the "message". How else can $40 Silver be explained ? Demand has driven the market to that level, and as the economy worsens world wide, I expect it to increase. Just sayin'

gary

 

Yes you are right chrisld before few months if anyone has saw news in Kerala located southern India found lots of Gold ( treasures ) from basement of Temple. This will prove that India has lots of gold. http://www.bbc.co.uk/news/world-south-asia-13994351 & http://www.youtube.com/watch?v=574fg4wuNHY

 

Dang that temple has alot of gold in it, I wish I knew what they were saying. I think my neighbor was right. I mean I know the US has more tons of gold stored than all the other countries and that's great but my question was about the citizens in the country physically holding gold. India's people hold more gold than anyone, wish I could go there.

 

As for the temple, "It is estimated that the value of the monumental items is close to 1.2 trillion (US$26.76 billion), making it the richest temple in the world. If the antique value is taken into account, these assets could be worth ten times the current market price." http://en.wikipedia.org/wiki/Padmanabhaswamy_Temple But I agree, you won't find any statistics about how much gold the people in any country actually own, as in personal assets. All we have is more or less well educated guesses based on where a lot of gold is sold, bought or processed (jewellery etc.), and I still think that India is the Number One in that regard. Things would look different if we talked about gold (ounces or milligrams ) per capita though.

Christian