Central Bank Gold Reserves

Central bank gold reserves in the world regulated by a central bank ; reserve bank, or monetary authority is a public institution that usually issues the currency, regulates the money supply, and controls the interest rates in a country. or nation intended as a store of value and as a guarantee to redeem promises to pay depositors, note holders (e.g., paper money), or trading peers, or to secure a currency. 

Current day, gold reserves are almost exclusively, albeit rarely, used in the settlement of international transactions.At the end of year 2004, central banks and investment funds held 19% of all above-ground gold as bank reserve assets.It has been estimated that all the gold mined by the end of 2009 totaled 165,000 tonnes.At a price of US$1600 - US$1900/oz., reached in September 2011, one ton of gold has a value of approximately US$60.8 million. The total value of all gold ever mined would exceed US$9.2 trillion at that valuation.