Argentina is fourth with 61.74 tons; Bolivia, fifth, 42.51; and Peru, sixth, with 34.68. Photo: LR/AFP composite
Recent analysis Business Economics reveals that Venezuela Leads Latin America by reserve volume oroVenezuela's central bank has approximately 161 tons (BCV). Compared to other countries in the region, this block puts the country in a better position Brazil Y Mexicowho owns 130 and 120 tons respectively. Likewise, it is second only to the Americas America.
Although it has not recorded significant variations in its reserves since the second quarter of 2020, Venezuela Retains a prominent position due to Large amounts of gold That is accumulated. This precious metal continues to be an essential pillar for central banks as it reflects stability and confidence within countries' economies.
America has more gold reserves in the world than developed countries like Germany, Italy or France. Photo: Sputnik
Venezuela has the largest gold reserves in Latin America
BrazilFor its part, it has enjoyed a remarkable recovery Gold reserveswent with 67.36 tons A 129.65 tonnesA move that reflects a proactive strategy to strengthen its economy.
Mexico It shows a different trend Gold reservesA slight decrease by the end of 2022. However, countries like Argentina They saw their reserves increase, so they left 54.77 tons June 2020 to almost 62 in 2022.
Venezuela has the largest gold reserves in Latin America. America is the country with the most of this mineral. Photo: Business Economy/Capture
The stability that gold provides to national economies is undeniable. Central banks' gold reserves are directly related to the size and strength of each country's economy.According to José Ignacio Martínez Cortes, Coordinator of the Analytical Laboratory in Business, Economics and Business (Layson) from UNAM.
What is the importance of gold reserves to a country?
Los Gold reserves Inside Latin America Around the world they represent not only a measure of economic security but also a clear signal of prudence and financial strategy in managing the economies of countries.
The Accumulation of gold Central banks have stepped up, especially in the last quarter of 2022, when they made record purchases of approx 400 tonsAccording to him World Gold Council (WGC).
This event is not limited to Latin AmericaOther countries like Egypt, India Y Turkey itself They are more interested in expanding their gold reserves as a hedge against possible depreciation of their currencies.
strategy Accumulation of gold Reflects the global trend towards diversification of reserves and the search for financial stability in an environment of economic uncertainty.
Venezuela stands out compared to regional neighbors like Brazil and Mexico. Photo: The Economist
These are the countries with the largest gold reserves in the world
America It has the largest gold reserves in the world, more than any other developed country Germany, Italy oh FranceAccording to the official website Business Economics.
- USA (8133 tons)
- Germany (3353 tons)
- Italy (2452 tons)
- France (2437 tons)
- Russia (2333 tons)
- China (2235 tonnes)
- Switzerland (1040 tons)
- Japan (846 tons)
- India (804 tonnes)
- Netherlands (612 tons)
Countries with the largest gold reserves in the world. Photo: Business Economics
How many gold reserves does Peru have?
According to a 2022 report, underground gold reserves in Peru are estimated at 2,346 fine metric tons (FMT). Ministry of Energy and Mines (mine). Of these, 1,622 TMF are considered probable reserves and 724 TMF are considered proven reserves.
The geographical distribution of these reserves is located in Cajamarca with 774 TMF, followed by Puno (493 TMF), La Libertad (283 TMF), Madre de Dios (225 TMF) and Arequipa (173 TMF). Departments.
Although Abundant Basically it is the second sector Gold reserves, the production of the yellow metal is only 3.2% of the national total. On the other hand, gold is a major producing area Peru es Independencefollowed by Cajamarca and Arequipa.
Largest gold mines in the world
It is the largest source of gold in the world Witwatersrand in South Africa, which accounts for approximately 30% of the gold mined. Other important sources of gold Look at me, look at me, the Super Pit and Newmont Boddington mines located in the same country, in Australia; He owns the Grossberg mine in Indonesia and mines in the state of Nevada in the United States.
Gold is one of the most valuable commodities in the world. Photo: AFP
Talking about companies, Nevada Gold MinesMajority-owned by Canadian company Barrick Gold, it is the world's largest gold mining complex, producing about 3.5 million ounces a year.
