Gold reserves in Lebanon The second in the Middle East

Gold price technical analysis 30 - May, 2013


Keep Lebanon ranked 18th in the world and the second a regional point of gold reserves to the current until July, according to World Gold Council report titled “Summary of Investments on gold,” so that it maintains the same level of provision compared to gold at the end of 2011.
Reserves stood at 286.8 tonnes of gold by the month, accounting for 29.4 per cent of the total reserves of Lebanon.
Regionally, Saudi Arabia was ranked first in the region, exceeding reserves 322.9 tonnes, while the superiority of Lebanon to Turkey (a regional center 21/245 tons), Algeria (No. 24 / 173.6 tons), Libya (No. 26 / 143.8 tons ) and Kuwait (Center 37/79 tons) and Egypt (No. 38 / 75.6 tons).
Globally, the United States topped the list of countries in terms of gold reserves, as it reached 8133.5 tons, followed by Germany (3396.3 tons) and the International Monetary Fund (2814 tons), respectively.