Aslam Soni’s Post

The Largest Gold Reserves, by Country: The U.S. holds the world's largest gold reserves, totaling 8,133 tonnes. This graphic showcases the top 11 gold reserves by country. https://lnkd.in/dkr9hQdy

Gold prices hit a record high of over $2,550/oz yesterday, spurred by expectations of an interest rate cut by the Federal Reserve next week. This latest record high follows a year-long trend of increasing #gold spot prices. #ORR is well placed to take advantage of strong conditions in the gold market, possessing a strategic first-mover advantage in a highly prospective gold region in #Cameroon, where it continues to progress the exploration and development of its assets. See the full article here: https://ow.ly/jW9C50TmToI

Gold's Market Cap Estimated Market Cap: $15.519 T The Market Capitalization of Gold is currently arround $15.519 T. This value was obtained by multiplying the current gold price ($2,311 per once) with the world's above ground gold reserves. The amount of above ground reserves for Gold are estimated to be around 208,874 metric tonnes according to the World Gold Council (End-2021). Note that the estimated above the ground Gold reserves can vary by up to 20% from one source to another. As a consequence it is safe to say that the the current Market Cap of Gold is between $12.415 T and $18.623 T.

Interesting read from The Market Herald about the outlook of gold in 2024, which features insights from our report on the quarterly average trends for the AISC of global gold miners. You can read the article here: https://ow.ly/3O0v50QpQco #Gold

From S&P Global Market Intelligence: According to our annual analysis of major #gold discoveries, 350 deposits were discovered between 1990 and 2023, containing 2.9 billion ounces of gold in reserves, resources and past production. This is an increase from the 2023 analysis, which identified 345 deposits with 2.81 billion ounces of gold. Get more insights: https://okt.to/0XLxBR

https://lnkd.in/egakr-TM In this article, we will look at 30 countries that have the largest gold reserves. If you want to skip our detailed analysis, head straight to 10 Countries tha...

🌍 Top 10 Countries with the Largest Gold Reserves! 🏅 Recent news in the gold market has sparked significant interest among traders. In light of this, I’ve compiled a list of the top ten countries that hold the largest gold reserves. Discover how these nations leverage gold as a strategic asset in the global economy. 💡 Why Trade Gold? Trading gold can offer exciting opportunities for profit, especially in a volatile market. Are you ready to capitalize on this trend? Start trading gold with Ultima Markets and make money today! 🔗https://lnkd.in/e_nA8e2c #Gold #Trading #USA #MT4 #Trader #Ultimamarkets #Top

Here’s a chart that shows Smart Money consistently loading up on Gold: World Gold reserves have now risen by +20% since 2010 We’re now less than 9% away from hitting the highest level since 1950 The outlook for Gold doesn’t get more promising than this

🔥OFFICIAL GLOBAL GOLD RESERVES HIT 30-YEAR HIGH🔥 Gold as % of global official gold holdings by economic region: 1) Euro Area: 29.9% 2) USA: 22.6% 3) Germany: 9.3% 4) Italy: 7.8% 5) France: 6.8% 6) Russia: 6.8% 7) China: 6.5% 8) Switzerland: 6.2% 9) Japan: 2.9% 10) India: 2.4%

In the spring of 2024, the price of gold demonstrated a significant increase. One of the main reasons for the rise in the price of the precious metal was global instability and growing geopolitical tensions. The situation prompted people to turn to secure tools for the preservation of savings. According to a survey conducted by YouGov, 56% of investors consider gold one of the most important assets, while 24% believe that gold generates the greatest income. What other factors influenced the price increase and is it worth buying the precious metal in 2024? Read more on the GIG-OS online platform: https://lnkd.in/dqT7c3GZ ➖➖➖➖➖➖➖➖➖➖➖ #gigos #investmentgold #howtobuygold #goldbars #goldcoast #goldnews #news