Welcome, Guest: Register / Login / Trending / Recent / NewsStats: 49,459 members, 122,309 topics. Date: Friday 29th of March 2024 10:06 AM |
Top Members (March) Yok : 107 allgistroom1 : 36 Equaljhayloaded : 31 dscentsation : 28 Bigkwame : 28 MrremedyHerbs1 : 27 Hollybratt01 : 26 UNLIMIFUNDSTV : 24 Agnes : 24 Mild : 21 Top members are most active forum members |
UpGhana Forum / Business / Top 10 African Countries With Largest Gold Reserves (2 Posts | 589 Views)
(1) (Go Down)
Top 10 African Countries With Largest Gold Reserves by Markito(m) : 10:12 am |
Algeria is the African country with the largest gold holding, at 174 metric tons.
The North African country was followed by South Africa, with official gold reserves reaching 125 metric tons. In March this year, the price of Gold reached $2,069.25 an ounce, a figure very close to the all-time high it reached in early August 2020. According to financial experts, geopolitical tension caused by the Russian-Ukraine war is sinking the world's big stock markets leaving investors to run towards what they perceive as safe-haven assets such as the dollar, gold, or bonds. Generally speaking, when inflation starts to rise, governments will buy large amounts of gold as a countermeasure. In 2020, central banks worldwide bought 272.9 tonnes of gold, according to data reported by the World Gold Council (WGC) data. Here are the top 10 African countries with the largest gold holdings in 2021, according to Statista Algeria 174 metric tons South Africa 125 metric tons Libya 117 metric tons Egypt 80.73 metric tons Morocco 22.12 metric tons Nigeria 21.37 metric tons Mauritius 12.44 metric tons Ghana 8.74 metric tons Tunisia 6.84 metric tons Mozambique 3.94 metric tons https://africa.businessinsider.com/local/markets/top-10-african-countries-with-the-largest-gold-reserves/8z08egz
|
Amazon Kdp Earn In Dollars Free Masterclass 📚🔥 The Complete Logo Generator Pack + 800 Icons and Elements One Secret Of Making Money Online Is List Building? |
Re: Top 10 African Countries With Largest Gold Reserves by Markito(m) : 12:29 pm |
Gold Coast Ghana, first/second biggest gold producer in Africa we should be doing more gold reserves than we're currently doing. Bank of Ghana has plans of buying more gold going forward so let's hope it shores up our reserves to respectable levels
|
(1)
(Go Up)
UpGhana - Copyright © 2015-2023 . All rights reserved. Follow upghana on Facebook and Twitter Inbox Ann If you have any question( WhatsApp: +233246488516) Disclaimer: Every UpGhana member is solely responsiblefor anything that he/she posts or uploads on UpGhana. |