The 10 Biggest Stockpiles of Gold

The price of gold has plummeted over the past two years. Who's felt this impact the hardest? Here are the world's 10 largest holders of the precious metal.

Feb 23, 2014 at 3:02PM


"The desire of gold is not for gold. It is for the means of freedom and benefit."
-- Ralph Waldo Emerson

Gold is one of the most peculiar elements ever discovered, with a value that far exceeds its practical usefulness. People wear it. Central banks hoard it. And speculators trade it back and forth in anticipation of future economic and political events.

In just the past year, consumer demand for gold jewelry soared to the highest level since the financial crisis. At the same time, however, speculators unloaded a staggering 880 tons of the precious metal.

The net result sent the price of gold down by a staggering 30% since September 2012, extracting an analogous toll on the largest gold-based exchange-traded funds, the SPDR Gold Shares (NYSEMKT:GLD) and the iShares Gold Trust (NYSEMKT:IAU).

GLD Chart

Who was hurt the most by this? If data from the World Gold Council is any indication, the organizations that took the biggest hit were all government bodies.

What follows, in turn, is a table of the 10 biggest holders of gold as of December 2013.


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A Financial Plan on an Index Card

Keeping it simple.

Aug 7, 2015 at 11:26AM

Two years ago, University of Chicago professor Harold Pollack wrote his entire financial plan on an index card.

It blew up. People loved the idea. Financial advice is often intentionally complicated. Obscurity lets advisors charge higher fees. But the most important parts are painfully simple. Here's how Pollack put it:

The card came out of chat I had regarding what I view as the financial industry's basic dilemma: The best investment advice fits on an index card. A commenter asked for the actual index card. Although I was originally speaking in metaphor, I grabbed a pen and one of my daughter's note cards, scribbled this out in maybe three minutes, snapped a picture with my iPhone, and the rest was history.

More advisors and investors caught onto the idea and started writing their own financial plans on a single index card.

I love the exercise, because it makes you think about what's important and forces you to be succinct.

So, here's my index-card financial plan:


Everything else is details. 

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