Bacardi Gold Reserve was discontinued in 1997/98
south africa ,if you will take the country's legal documents then this may be correct ,but if every single person having some reserve of gold in india may contribute much of what they have in africa . :)
The US Federal Reserve has about 8000 Tonnes of Gold or about 282192000 ounces. At todays prices that is in the neigborhood of 270 billion dollars. {| |}
gold reserve
Because gold is cool
All 1928 $20 Federal Reserve Notes carried the phrase "Redeemable in Gold", although they weren't gold certificates. There were also gold certificates with that denomination but they have gold seals and lack the words Federal Reserve Note. Please see the question "What is the value of a 1928 US 20 dollar Federal Reserve Note?" for more information.
It varies from country to country. Every country has a central bank that is the bank for other banks in the country. Ex: Federal reserve system - USA Reserve Bank - India etc
the reserving of gold during the presidentary of FDR. the reserving of gold during the presidentary of FDR.
What are types of currencies reserves?
The Federal Reserve Bank of NY holds the largest store of the world's gold bullion behind a rotating circular vault door six stories below the bank. This service provided to the world is deemed the safest place for the gold and provides the ease of exchanging the gold from country to country. The vault is buried in granite.
Federal Reserve New York
50%