To some, gold is an overrated yellow metal. To most, however, this yellow metal holds a very specific defined value. Even though currency is no longer backed by gold directly, the metal serves an important purpose in stabilizing the global economy. Gold makes up a portion of most forex reserves, with larger percentages for some countries than others. Here are the top ten countries with the largest gold reserves. The G6 nations combined are the highest single-organization holder of gold in the world, while the International Monetary Fund is ranked number three with 2,814 tonnes.
India rarely invests much in gold, as the country operates under a belief that buying gold leads to a deficit. The country currently holds 557.7 tonnes of gold, making up 9.9 percent of the country’s total forex reserve. Ten percent is the generally agreed-upon ideal average, and India is careful to remain right around that mark for maximum diversification.
The West Coast Trail is a breathtakingly beautiful 47 mile (75 km) backpacking route on the southwest coast of Vancouver Island, BC.
Anyone who has been to Portugal and experienced the marvel of the abundant nature, or the warmth and vibrance of the culture, will contest to the greatness of this country.
Whether you’re a wine connoisseur, a beer guzzler, a dance late night dancer, a laid back patio type; into rooftop cocktails, jazz bars, dive bars, or gay bars – the Bay Area has everything you need for your kind of
“The Queen City” is rich in architecture and culture with a history spanning over 200 years. With its beautiful buildings as a focal point, Cincinnati is as astonishing to look at as it is to be in.
While travelling many people make sure to get to all of the biggest attractions and talked about places at their destination as these are often the deciding factors on choosing where to take their trip.
Edinburgh is jam packed with things to see and do: A pretty impressive castle, historic monuments, beautiful streets and buildings, loads of leafy parks, the list goes on.
If movies are to be believed, the only thing LA has going for it is the Hollywood sign. Wrong! LA is a vibrant city that combines culture, history and the great outdoors.
Remember the days when you couldn’t catch a bus past midnight, the days where the sun and rain wreaked havoc on the faded schedule taped to the post at the bus stop, and the days of the graffiti filled subway
It can be incredibly dangerous for a woman to travel alone. Every year we hear news about sexual assaults on women who have been vacationing. It’s not only the physical attacks that make traveling alone as a female dangerous.
Traveling to various countries always offers the best memories. With a plethora of countries to choose from, narrowing the list down can be difficult. As you read this article, you’ll learn the top ten countries to visit this fall. 1.
When thinking of England and sports the first thing that comes to mind may be soccer/football, and while footy is the national staple on TVs around the world many other venues provide up close and personal experiences not necessarily available
Instead of focusing on what TO bring on vacation, let’s shift the focus on what NOT to bring because let’s face it…we’ve all come home from a trip and said “I didn’t need that”.
With the recession growing more distant as each day passes, it’s the perfect time to set your sights on investing in real estate in the United States.
If you don’t already know it’s worth mentioning: Scotland isn’t a big place.
Los Angeles is the city that started the gourmet food truck revolution, built on the notion that mobile restaurants can offer up delicious and inspired cuisine to patrons who are on-the-go.