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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Square_Dealings who wrote (76760)	12/27/2006 5:53:43 PM
From: KyrosL	Read Replies (1) \| Respond to of 110194

Only a very tiny proportion of BRIC reserves is gold. Their biggest holding by far is ... US DOLLARS. Their holdings of gold as a percent of their total reserves are: Brazil 0.3% Russia 2.8% India 4.1% China 1.2% These percentages are far far smaller than the G-7 percentages. It seems that BRIC countries have a lot less trust in gold than the G-7. Or the G-7 are stuck with a lot more gold than they really want. You can find the gold reserves of all countries as of December 2006 here (you must register): gold.org