There is nothing much more to this update than the chart below. It is here as a marker of record.
The World Gold Council compiles central bank data from the IMF and other sources to build a picture of which countries have what in gold reserves.
New Zealand never figures in their list - we have virtually none.
Their tally found 35,927 tonnes as at December 2023. At that time the gold price was US$2,078.40/oz. So these official holdings had an overall market value of just under US$2.4 tln - so long as none of them tried to sell substantial volumes of any of it into open gold markets. If they did, obviously the price would fall.
To put that in perspective, the 2023 global GDP is estimated to have reached US$105 tln in overall net economic activity for the year. So total gold holdings would have powered it for eight days and six hours.
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