Data on Gold Reserves per Person
by Robert Wenzel: The
Truth About Churchill, Truman, FDR, Wilson and Trotsky
magazine is out with a graphic of central bank gold reserves on
a per person basis. What immediately stands out is Lebanon, ranked
second after Switzerland.
the center of Middle East banking in the 1960s and 1970s. According
to Economist, the central-bank governor of Lebanon Edmond Naim safeguarded
the reserves through the civil war years and according to legend
slept in the bank to protect the hoard. Also, note that the U.K.
doesn't make the top 20, thanks to Gordon Brown selling off 60%
of gold reserves at around $300 per ounce.
with permission from Economic
Economic Policy Journal
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