Central Bank Gold Reserves

From Zero Hedge, here is a list of central bank gold reserves. Much of this central bank gold sits in bank vaults in London and New York. Think about what is going to happen to the price of gold as Venezuela and Libya start to repatriate their gold.

Notice that Italy, Portugal and  Spain are on the top 25 list. Perhaps the gold reserves of these countries should be used as collateral for future bailouts.

Canada's gold reserves are not enough to place it in the top 25. The Bank of Canada only has around 0.105 million ounces of gold (about 3.3 tons).