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News Link • Gold and Silver

Geopolitics and the World’s Gold Holdings

•, By Prof Michel Chossudovsky

Both the US dollar and the Euro currency systems are in crisis. During a period of waning currencies, where the value of money (in paper and/or electronic form) is tumbling, the strategic control over gold reserves and gold production is of paramount importance.

The issue is not only who controls the stock of central bank gold reserves, but who, namely which countries, control the production of mine gold.

While the US has the largest official gold reserves, China has become the World’s largest producer of mine gold.

The main players with regard to mine gold are China, Australia, Russia, South Africa, the US and Canada.

Anglo-American corporate interests exert a dominant control over mine gold. The World’s largest gold mining companies are Barrick Gold (Canada), GoldCorp Inc. (Canada), Newmont Mining, (USA).

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