Kazakh Gold Reserves Draw Even With United Kingdom’s

The National Bank of Kazakhstan Gold Reserves Top 310 Tons.

Total Kazakhstan gold reserves stood at 310.1016637 tons at the end of March 2018.

Kazakhstan gold reserves are just .2 tons lower than the 310.3 tons held by the United Kingdom.

Gold constituted 43% of Kazakhstan’s overall official reserve assets as of March 31, 2018.

Kazakhstan added 3.1103 tons (100,00 ounces) of gold to reserves in March.

Kazakhstan added approximately 36 tons of gold (approximately 1,163,000 ounces) to reserves in 2016.

Kazakhstan added 40 tons of gold (approximately 1,286,000 ounces) in 2017.

New! 1oz Silver Bullion Cryptocurrency Rounds .999 Fine!

Litecoin silver coin frontBitcoin silver coin frontEthereum silver coin front
Litecoin Silver Rounds
Bitcoin Silver Rounds
Ethereum Rounds
Monero Silver Rounds
ZCash Silver Rounds
Ripple Silver Rounds
NEO Silver Rounds

The Lowest Cost. Period.

The National Bank of Kazakhstan added 100,000 ounces of gold to her reserves in March, bringing her total to 310.1 tons. Kazakhstan’s gold addition in March places it in a virtual tie for 16th place with the United Kingdom among gold holding nations. According to the World Gold Council the United Kingdom holds 310.3 tons of gold. The United Kingdom sold a significant portion of its gold reserves in the early 2000’s.

According to the International Monetary Fund the GDP of the United Kingdom was $2.5 trillion in 2017, while the GDP of Kazakhstan was $160 billion. Kazakhstan’s Gold was worth $13.1 billion as of March 31, 2018.

Along with the Central Bank of Russia and The People’s Bank of China, the National Bank of Kazakhstan is one of the few central banks that have been adding gold to reserves over the past ten years.

As of March 2018, the Central Bank of Kazakhstan has added gold to her reserves 66 months in a row!

Central Bank of Kazakhstan gold reserves 2015 - 2018 through March

The National Bank of Kazakhstan added 100,000 ounces of gold to her reserves in March 2018.

You can buy Bitcoin, Ethereum and Litecoin through Coinbase.
Click HERE to open a coinbase account and get $10 of free Bitcoin.*

Not a Smaulgld subscriber? Sign up here.

Donate To Smaulgld.com via paypal

Gold as a Percentage of Kazakhstan’s Foreign Reserves

The National Bank of Kazakhstan’s foreign reserves were $30.648 billion at the end of March, down from $30.993 at the end of February 2018, from $31.348 at the end of January 2018 and from $30.744 Billion at the end of December 2017 but up from $29.375 billion at the end of January 2017.

The 9.97 million ounces (310.1016637 metric tons) of gold on the National Bank of Kazakhstan’s balance sheet as of the end of March 2018 were worth $13.197 billion or approximately 43.05% of overall reserves.

In contrast, gold as a percentage of overall reserves at the end of February 2018 was approximately 18% at the Russian Central Bank and approximately 2% at the People’s Bank of China.

Gold reserves by country top 11-20 May 1 2018

As of the end of March 2018, the Central Bank of Kazakhstan was the 17th largest gold holding nation,about three tons behind the United Kingdom.

Click to see the top 40 gold holding nations.

Donate To Smaulgld.com via paypal

The Lowest Cost. Period.

Compare Pricing and Shipping on American Gold Eagle Coins

You can compare pricing and shipping charges on American Gold Eagles coins of all sizes at these web sites:

SD Bullion
Golden Eagle Coins
Money Metals Exchange

Please consider making a small donation to Smaulgld.com. Thanks!

If you have enjoyed this report, please consider buying your precious metals through the Smaulgld affiliates linked to on this site* and subscribing (for free) to Smaulgld.com.

Get Free Updates From Smaulgld.com

Subscribe to Smaulgld.com and get the free In Case You Missed Itweekly email as well as updates and analysis on gold, silver, real estate and the economy.

Also get the free report “Twelve Key Differences Between Gold and Silver” when you subscribe.

Subscribe to Smaulgld.com to receive free gold and silver updates, news and analysis.

Browse Collectible Coins on Amazon

Browse Silver Coins on Amazon

Kazakh gold holdings sources – World Gold Council, National Bank of Kazakhstan

Further Reading:

Chinese Gold Reserves (monthly archive)

Russian Gold Reserves (monthly archive)

Kazakh Gold Reserves (monthly archive)

Please visit the Smaulgld Store for a large selection of recommended Kindles, books, music, movies and other items.

You can support Smaulgld.com by making all your Amazon purchases through the search widget below and by ordering your gold and silver by clicking on the Goldbroker, Golden Eagle Coin, Money Metals Exchange, SD Bullion and Royal Canadian Mint ads on the site.

*DISCLOSURE: Smaulgld provides the content on this site free of charge. If you purchase items though the links on this site, Smaulgld LLC. will be paid a commission. The prices charged are the same as they would be if you were to visit the sites directly. Please do your own research regarding the suitability of making purchases from the merchants featured on this site.

Chart Disclaimer: Information presented here has been obtained from a third party and is presented for information purposes only. Smaulgld can not and does not guarantee the accuracy or timeliness of the data displayed on this site and therefor the data provided should not be used to make actual investment decisions. You should always consult a professional investment adviser before investing in precious metals or any type of investment. You acknowledge that Smaulgld assumes no responsibility for the integrity of data on this site.

The content provided here is for informational purposes only. Making investment decisions based on information published by Smaulgld (SG), or any Internet site, is not a good idea. Accordingly, users agree to hold SG, its owner and affiliates, harmless for all information presented on the site. SG presents no warranties. SG is not responsible for any loss of data, financial loss, interruption in services, claims of libel, damages or loss from the use or inability to access SG, any linked content, or the reliance on any information on the site.

The information contained herein does not constitute investment advice and may be subject to correction, completion and amendment without notice. SG assumes no duty to make any such corrections or updates. As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment. SG disclaims any and all liability relating to any investor reliance on the accuracy of the information contained herein or relating to any omissions or errors and as such disclaims any and all losses that may result.

Post Navigation