Tag: Gold

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2008-06 China has 600 tons of gold reserve, only accounting for two percent of the world’s total.
-- According to statistics released by IMF International Financial Statistics (IFS)
2008-06 The top ten gold holders are US, 8,133.5 tons, accounting for 27.28 percent of the world’s total, followed by Germany, 3,417.3 tons or 11.46 percent, while IMF is third with 3,217.3 tons or 10.79 percent. The rest on the list are France, Italy, Switzerland, Japan, the Netherlands, China and European Central Bank (ECB).
-- According to statistics released by IMF International Financial Statistics (IFS)
2008-06 Global gold reserve totals 29,813.1 tons.
-- According to statistics released by IMF International Financial Statistics (IFS)
2004-05-07 A recorded message attributed to Osama Bin Laden offers 10kg (22lb) of gold to anyone killing the US administrator in Iraq, Paul Bremer, or the UN secretary general, Kofi Annan. A smaller amount of gold is offered to anyone killing soldiers or civilians from countries that are "possessors of the [UN security council] veto, such as the Americans or Britons." The authenticity of the 20-minute message, which appeared on two Islamist websites, has yet to be verified.
2003-03-10 The BIS (Bank for International Settlements) abandoned the Swiss gold franc as the bank's unit of account since 1930, and replaced it with the SDR.

SDR stands for Special Drawing Rights and is a unit of currency originally created by the IMF
1999-05-07 In the UK, the Bank of England announced that it would sell a large share of the Bank’s gold reserves in favour of assets offering a return, such as government bonds
1998 Uganda invaded the Democratic Republic Congo during its neighbour's civil war on the ground it was tracking down Ugandan rebels.
Some Ugandan troops were accused of wide rights abuses and of plundering gold and diamonds.
1997 Referring to an area he calls the "Eurasian Balkans" and a 1997 map in which he has circled the exact location of the current conflict - describing it as the central region of pending conflict for world dominance - Brzezinski writes: "Moreover, they [the Central Asian Republics] are of importance from the standpoint of security and historical ambitions to at least three of their most immediate and more powerful neighbors, namely Russia, Turkey and Iran, with China also signaling an increasing political interest in the region. But the Eurasian Balkans are infinitely more important as a potential economic prize: an enormous concentration of natural gas and oil reserves is located in the region, in addition to important minerals, including gold."
- Zbigniew Brzezinski, The Grand Chessboard, 1997, (p.124)
1974 United States Congress made it legal to own gold once again.
1972 In their landmark study "The Limits to Growth," the Club of Rome announced that the world would run out of gold by 1981, of mercury by 1985, tin by 1987, zinc by 1990, petroleum by 1992, and copper, lead and gas by 1993.

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