Sentences with phrase «gold reserve holdings»

Not exact matches

The business plan: Increase the value of Goldfinger's own considerable gold holdings by detonating a «dirty» nuclear warhead inside the U.S. Bullion Depository at Fort Knox, Ky., rendering the American gold reserve radioactive and useless for 58 years.

Despite a decline in fiat currency reserves, China's holdings of gold have increased to $ 60.19 billion in December as compared to $ 59.52 billion in November.

As for the British example at the end of the 19th Century, in those days currency was part of reserve accumulation, but much if not most reserves were in the form of gold or silver, and while Britain had the most important reserve currency, the difference between central bank holdings of sterling and central bank holdings of other gold - based currencies, like the franc, were pretty small relative to total trade.

Whereas the world's financial system formerly rested on gold, central bank reserves now are held in the form of U.S. Treasury IOUs that can be run up without limit.

As a friend recently reminded me, China's official gold holdings account for only 2 percent of its foreign reserves.

The U.S. currently holds «only» 8,133.5 tonnes of gold in its reserves, a significant decline from the all - time high of over 20,000 tonnes in the 1950s.

In that article, I posed the question if Apple's market value really should be more than four times the market value of all the gold reserves and resource held by all the gold companies that comprise the HUI gold bugs index.

Should Apple's market value really be in excess of 4 - times the market value (the cumulative market capitalization) assigned to all the companies that comprise the entire HUI gold bugs index, and all the gold reserves and resources held by them?

Holding cryptocurrencies in the same way that banks hold other reserves — such as gold or foreign currencies — allows central banks the maneuverability to react in the event of market shocks.

Above - ground gold is held in the form of jewelry (50.5 percent), private investments (18.7 percent), government reserves (17.4 percent), and various industrial applications (13.4 percent).

At the end of March, for instance, despite an increase in gold holdings to 1,054 metric tons, the yellow metal still only represented 1.5 % of China's reserves.

The People's Bank of China, China's central bank, has traditionally held about 10 % of its reserves in gold — making it a global heavyweight in the precious - metals sector.

Some central banks manage their gold reserves more actively than others while there have been a few such as the Bundesbank which have repatriated gold held in various foreign locations over the past few years.

Its gold, gas and diamond holdings are few smaller and they're counted by the nation's central bank in its $ 9.7 billion of dwindling foreign reserves, a paltry sum for any country.

England's early «goldsmith» banks are supposed to have held reserves equal to only a third of their demandable liabilities — a remarkably low figure, given the circumstances; at the other extreme, Scottish banks at the height of that nation's pre-1845 «free banking» episode often managed quite well with gold or silver reserves equal to between one and two percent of their outstanding notes and demand deposits.

The Petro will be backed by Venezuela's oil and gas reserves and its gold and diamond holdings, the president said in his weekly television program.

The gold standard required governments to hold enough precious metal reserves to support their currency.

They simply want to avoid having instability disrupt their trade and domestic production, and to avoid having to take a loss on their international reserves held (mainly from inertia stemming from World Wars I and II when the United States increased its share of the world's gold to 80 per cent by 1950).

There have been few occasions where government has been criticized for keeping hold of gold reserves.

But investors last week came home to the yellow metal after China announced it had increased its gold reserves by an additional 19 tonnes in July, boosting its total holdings to 1,677 tonnes (nearly 54 million ounces).

Russia added to gold reserves in October, bringing holdings to the highest in at least two decades, International Monetary Fund data showed.

At that time, the United States held the largest gold reserves.

The main reserves are held at Fort Knox but there is even more gold, mostly owned by other countries, stored in the basement of the New York Federal Reserve Bank (Think Die Hard 3).

Period IV covers 1945 - 73, the Bretton Woods era of rising gold reserves, with European countries and Japan amassing sizeable new post-war holdings as central banks exchanged surplus dollars for gold from the U.S. treasury.

Finally, on August 15, 1971, U.S. President Richard Nixon closed the gold window, and the U.S. announced to the world that it would no longer exchange gold for the U.S. dollars that were held in foreign reserves.

But by 1972 gold fever loosened its hold as mining activities ceased and attention turned to discoveries of gold reserves elsewhere.

The major factors affecting the gold rates in Chennai today are the ratio of buying and selling of gold by central banks across the country and holding gold as forex reserve; gold business as Gold ETFs; cross currency headwinds that influence the gold price, leaving it up to the investors to be cautious to purchase it when the prices are lowering dgold rates in Chennai today are the ratio of buying and selling of gold by central banks across the country and holding gold as forex reserve; gold business as Gold ETFs; cross currency headwinds that influence the gold price, leaving it up to the investors to be cautious to purchase it when the prices are lowering dgold by central banks across the country and holding gold as forex reserve; gold business as Gold ETFs; cross currency headwinds that influence the gold price, leaving it up to the investors to be cautious to purchase it when the prices are lowering dgold as forex reserve; gold business as Gold ETFs; cross currency headwinds that influence the gold price, leaving it up to the investors to be cautious to purchase it when the prices are lowering dgold business as Gold ETFs; cross currency headwinds that influence the gold price, leaving it up to the investors to be cautious to purchase it when the prices are lowering dGold ETFs; cross currency headwinds that influence the gold price, leaving it up to the investors to be cautious to purchase it when the prices are lowering dgold price, leaving it up to the investors to be cautious to purchase it when the prices are lowering down.

The reserve bank holds these gold reserves and when there is a rise in the supply of money and decrease in the supply of gold, it results in rocketing gold prices.

Most of these countries also hold vast warehouses of gold reserves.

It is common practice for central banks to hold assets in their reserves such as foreign currency or gold in the case of a financial emergency or market shock.