I read your link aparnachalesh. Has the professor who wrote it got an axe to grind or funding from Indian interests? The figure of £43,000,000,000,000 ( I'm assuming an American trillion here) stolen is just a wildly exaggerated number based on his opinion. I'm sure that ten professors of economics or accounting after forensically examining his article would come up with eleven different opinions of their own. I asked an Indian doctor colleague to help me understand my Indian gardener in Saudi Arabia ( who I was voluntarily paying twice the going rate). He couldn't understand him and explained that India had over 700 languages and dialects. I asked him how on earth everyone communicated and he said the best option was to understand English, but unfortunately he was uneducated and from a lower class. India is fully independent now, on an equal footing in the world and I totally reject the notion that I should apologise for things that happened last century that I had no part of.
Who's stockpiling the most gold?
Gold has long been viewed as the ultimate financial asset – and never more so than during times of uncertainty and financial crisis. In fact, on 18 March 2025, the price of gold hit a record high, reaching $3,028 (£2.3k) an ounce, passing the $3,000 mark for the very first time.
While we no longer use the gold standard to determine the value of currencies, the precious metal is still incredibly useful and is held by many central banks due to its immunity to political changes and economic shocks. It's also a 'liquid asset', meaning it can be converted to cash if required.
But which countries have the most stashed away? Using the latest data from GoldHub, read on to discover the 30 nations that own the most gold as of the fourth quarter of 2024, unless otherwise stated.
All dollar amounts in US dollars
Alice Cattley
18 March 2025
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aparnachalesh. There are two sides to every story. How do we really know if any of these facts are true? And this from a country that abolished slavery and paid 5% GDP (40% of the Treasury's annual income) to free slaves, payments mainly to the US, Caribbean and Africa. The loan was only paid off in the last decade. Known as The Slavery Abolition Act 1833 (look it up). Just an example of a supposedly uncaring country. The Empire was part of the World's modern development. We bought many stabilising factors to foreign countries and protected them from their enemies.
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Who really cares - I don't !!
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09 June 2022