The National Bank of Kazakhstan Solidifies 17th Place Among Gold Holding Nations.
Kazakhstan added 1.87 tons (60,000 ounces) of gold to reserves in October.
Total Gold Reserves Stood at 292.0616472 Tons (9.39 million ounces) at end of October 2017.
Kazakhstan added 36.1989 tons (approximately 1,163,820 ounces) of gold to reserves in 2016.
Through October, Kazakhstan has added 33.911 tons of gold in 2017.
Watch the video commentary to “Kazakhstan Adds Gold To Reserves For 61st Month in a Row”
The National Bank of Kazakhstan added 60,000 ounces of gold to her reserves in October, bring her total to 292 tons and passing Lebanon which holds 286 tons. Kazakhstan’s gold addition in October places it behind 17th place United Kingdom that lists 310.3 tons of gold. The United Kingdom sold a significant portion of its gold reserves in the early 2000’s.
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 October 2017, the Central Bank of Kazakhstan has added gold to her reserves 61 months in a row, five more than Joe Dimaggio famous 56 game hitting streak!
The National Bank of Kazakhstan added 60,000 ounces of gold to her reserves in October 2017.
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 $31.488 billion at the end of October down from $32.207 billion at the end of September and down from $32.644 billion at the end of August but up from $29.375 billion at the end of January 2017.
The 9.39 million ounces (292.0616472 metric tons) on the National Bank of Kazakhstan’s balance sheet as of the end of September 2017 were worth $11.962 billion or approximately 37.9% of overall reserves.
In contrast, gold as a percentage of overall reserves at the end of May 2017 was approximately 18% at the Russian Central Bank and approximately 2% at the People’s Bank of China.
As of the end of October 2017, the Central Bank of Kazakhstan was the 17th largest gold holding nation.
Click to see the top 40 gold holding nations.
Donate To Smaulgld.com via paypal
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
BGASC.com
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 to receive free gold and silver updates, news and analysis.
Browse Collectible 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 BGASC, 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.
Send Litecoin to this address:
