The Top 10 Countries With The Largest Gold Reserves 2023

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Gold is considered as a safe-haven asset class. During periods of uncertainty and chaos in the equity markets investors tend to flock to gold. Though gold does not generate income like equities and other assets, they offer hedge against inflation and traditionally has held its value over the long-term. Gold has been a prized asset to own since the early days of human civilization. So its no wonder that governments own lots of gold. The top 10 countries with the largest gold reserves in 2023 is shown in the infographic below. The US tops the list followed by Germany and Italy.

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Source: In Aurum We Trust: Which Countries Have The Biggest Gold Reserves, Sputnik

The only developing countries in the above list are China, India and Russia with all of them increasing their reserves relative to 2018.

Related ETF:

  • SPDR Gold Trust (GLD)

Disclosure: No positions

Knowledge is Power: BRICS, Paycheck-to-Paycheck, Credit Card Debt Edition

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US stocks have performed very well so far this year. The S&P 500 is up by about 18% year-to-date. Inflation, debt and other factors seem to hardly impact the markets adversely. Investors are focusing on the good news and ignoring the bad news. It remains to be seen how long this can last. From AI to EVs the hype is almost constant. With that said, below are a few interesting reads for the long weekend:


Miniature Stadium, Miniaturk, Istanbul, Turkey

Oil Reserves by Country and How Long It Will Last: Infographic

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Oil prices continue to remain high adding to more pain for consumers. High oil prices are one factor that is driving inflation. After the dramatic plunge in demand during the Covid era oil prices soared in the past two years leading to the energy sector having the best returns in the S&P 500. Top oil producing continues have an incentive to keep the prices high. Unlike other industries the OPEC cartel is legal and continues to “adjust” supply as needed. Recently I came across an infographic that shows the countries with the largest oil reserves and an estimate on how long the reserves will last. According to this estimate by Sputnik, at the current rate of production the reserves will last a mere 9.5 years.

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Source: Sputnik

Related ETF:

  • United States Oil ETF (USO)

Disclosure: No positions

The 2023 Andex Chart for Canadian Investors

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The Andex Chart is a powerful one-pager that shows the performance of different asset classes such as stocks, bonds, balanced portfolio, etc. over a period of time. The chart also shows the bull and bear markets since the 1930s.

The chart shows the growth of C$1,000 from 1934 thru 2022 for Canadian stocks, US stocks, Bonds, International stocks, etc. Over such a long-term Canadian stock earned an average annual return of 9.5%. However US equities performed even better with an average return 11.4% per year.

You can view/download the 2023 Andex Chart for Canadian Equity Market in here:

Source: Equitable Life of Canada

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