We present another datapoint for the ultimately futile debate of what the true value of gold is, this one coming from the IMF's International Financial Statistics data. On the attached chart you can see the gold holdings in tonnes of the top 10 holders of gold in the world. Not surprisingly, the US is #1 with over eight thousand tonnes of official holdings. Following the US are Germany, the IMF, Italy and France.
The combined official holdings for all countries amounts to 30 thousand tonnes, which at today's spot value of $1,143 amount to $1.1 trillion.