Top 30 Nations Stockpiling Gold 2017


PHOTO: CNBC

These are the 30 places that are stockpiling the most gold, as recorded by the World Gold Council's World Official Gold Holdings up until November 2017.

This table was updated in January 2018 and reports data available at that time.

30) MEXICO: 120.5 TONS/ 2.8% RESERVES

Mexico keep its gold reserves high, with 120.5 tons in its stores, it is also a major producer of gold. The Central American country is one of the 10 largest gold miners in the world.


29) SOUTH AFRICA: 125.3 TONS/ 10.5% RESERVES

Once one of the world's largest gold producers, gold production has dropped significantly in South Africa in recent years and as a result of this the numbers working in the gold mining industry have fallen too.

The country still has large piles of gold in its stores, however, with 125.3 tons of the precious metal being held.

28) SWEDEN: 125.7 TONS/ 8.4% RESERVES

Sweden isn't an obvious choice for being a major player in the gold market, but this Scandinavian country actually owns 125.7 tons of gold bars.

It doesn't keep all of its stocks on home ground, however. As well as Sweden's central bank, the Riksbank, the country's gold is also reportedly held within the Bank of England, the Bank of Canada, the Federal Reserve Bank in America and the Swiss National Bank.

27) SINGAPORE: 127.4 TONS/ 1.9% RESERVES

Those looking for a secure place to store their gold often settle on Singapore, because the country has not been tarnished by any major corruption scandals, crime is low and so are taxes, plus the cost of gold storage here is incredibly competitive. The country itself has also got a substantial reserve of gold: 127.4 tons of the stuff to be precise.

26) THAILAND: 152.4 TONS/ 3.1% RESERVES

Thailand is stockpiling 152.4 tons of gold, over 20 tons more than Singapore. Thailand mines its own gold and the Thai people place a high value on the precious metal. In fact, south-east Asians as a whole are much keener on gold, for jewelry in particular, than people anywhere else in the world.

25) ALGERIA: 173.6 TONS/ 6.4% RESERVES

The north African country of Algeria has 20 tons of gold more than Thailand, with 173.6 tons of the stuff. It also has a strong gold mining tradition with gold thought to have been mined here on a small scale since pre-Roman times.

The government has only recently taken steps to encourage commercial gold mining on a large scale as it's thought that there is a great deal of wealth hidden beneath its soil.

24) VENEZUELA: 187.6 TONS

Venezuela was in the top 20 gold owners until a few years ago, but in a bid to reduce its vast debts and fend off an economic crisis it sold off about $1.7 billion (£1.2 billion) of gold in early 2016 and it's now down to 187.6 tons.
There is an established gold mining business in Venezuela but as its economic situation worsens an increasing number of unlicensed illegal mines are springing up.

23) PHILIPPINES: 196.4 TONS

The Philippines is one of Asia's largest gold producers. Although mining is big business here, it's thought that much of its gold is still untapped. Desperately poor locals hoping to get lucky and literally strike gold even undertake dangerous dives in mud-filled swamp mines in search of the precious metal.

The country has large reserves of gold already, however, with 196.4 tons recorded as being under its ownership.

22) BELGIUM: 227.4 TONS

Belgium is holding on to 227.4 tons of gold. Most of this is thought to be held abroad, some in the Bank of England and some in the Bank of Canada. 

There had been talk of the country looking into repatriating its stocks back to Belgium, but it's thought that the transport and security costs involved in the move were prohibitive and that Belgium was unsure where to store it if it did return to home soil.

21) AUSTRIA: 280 TONS

There is another big leap between 22nd and 21st place with Austria recorded as holding 280 tons of gold, more than 50 tons more than Belgium. Much of its stock was held in the Bank of England, but the Austrian National Bank is said to be working on repatriating much of this back to Vienna so that at least half of its gold is held at home.

20) SPAIN: 281.6 TONS

Just making the top 20 is Spain, which holds just over a ton more of gold than Austria with 281.6 tons in its stocks. Gold mining has been going on in Spain since before pre-Christian times and it was the Romans who turned it into a flourishing industry.

There is now a renewed interest in Spanish gold with a lot of prospector activity being carried out in the hope of being able to strike it lucky. It's unlikely to impact heavily on the country's gold reserves, however.

19) LEBANON: 286.8 TONS

It's definitely not the most stable country in the world, but this small Middle Eastern land is rich in gold. Lebanon is currently holding on to 286.8 tons of gold and it has the second largest gold reserves in the Middle East, after Saudi Arabia. Although Lebanon has a mining industry, gold is not one of its abundant natural resources.

18) KAZAKHSTAN: 289.3 TONS

The world's largest land-locked country Kazakhstan is currently working on developing its gold mining industry. With the help of foreign investors, attracted by its government's limited regulations, it hopes to become one of the world's largest gold-producing nations within 10 years. Perhaps it will use this to add to its own gold stocks, which currently amount to an impressive 289.3 tons.

17) UNITED KINGDOM: 310.3 TONS

Many countries choose to store their gold in the heavily fortified Bank of England vault in London, the second largest in the world after the vault at the New York Federal Reserve.

The UK has its fair share of gold reserves too, with 310.3 tons of the precious metal held in its name. Despite there being no gold mines currently in the UK, it has long been seen as the center of the wholesale gold market and a major importer and exporter of the metal.

16) SAUDI ARABIA: 322.9 TONS

The oil rich country of Saudi Arabia has the highest gold reserves in the Middle East, with 322.9 tons of the precious metal. As part of plans to diversify its economic base and place less of a reliance on oil, Saudi Arabia is also committed to boosting its gold mining industry.

Although overshadowed by oil, this is not a new endeavor. Archaeological studies show that gold began being mined in the country up to 5,000 years ago.

15) PORTUGAL: 382.5 TONS

Portugal has 382.5 tons of gold, nearly 60 tons more than Saudi Arabia. However, the country has battled with economic instability and there have been calls for it to sell off some of its gold reserves to reduce its national debt. Regulations make this easier said than done though and for now Portugal is holding on to its precious asset.

14) TAIWAN: 423.6 TONS

Despite being a small island off the coast of China, Taiwan is sitting on 423.6 tons of gold and has held this amount of the precious metal for several years.

Gold is always seen as a strong investment in uncertain times and with Brexit, the unpredictable Trump presidency and threats from North Korea, the world is certainly going through a period of instability. This has pushed the price of gold up, making Taiwan's gold assets a sound investment for the near term.

13) TURKEY: 495.6 TONS

Turkey has over 70 tons more gold than Taiwan with 495.6 tons. The country is thought to see gold as the best way to stabilize its fragile banking system.

Turkey is also pushing to exploit its own gold resources. Gold is thought to have been discovered in Turkey as early as 9000 BC, but it is only quite recently that it has become of international commercial interest.

12) EUROPEAN CENTRAL BANK: 504.8 TONS

It's not a country but the European Central Bank (ECB) is the central bank of all the European Union countries that have adopted the euro as their currency.

It holds 504.8 tons of gold in their name, largely as a result of transfers made to the bank by Euro member national central banks at the launch of the euro. This gold is said to be stored across five locations around the world.

11. INDIA: 557.8 TONS

Indian households are known to hold more gold than most other nations, largely in the form of jewelry, and the country itself also places a high value on gold storage.

India holds 50 tons more gold than the European Central Bank, with 557.8 tons. Although India does have a small gold mining industry it can't support the national demand and most of its yellow metal is bought in from abroad.

10) THE NETHERLANDS: 612.5 TONS

The Netherlands takes the number 10 spot on the World Official Gold Holding Chart with 612.5 tons of gold in its stocks. Plans are currently being put in place to move its gold bullion from its current vaults in central Amsterdam to a new purpose-built facility near Zeist. Some Dutch gold is also said to be held at the Bank of England, the Bank of Canada and the Federal Reserve Bank in America.

9) JAPAN: 765.2 TONS

Japan holds 765.2 tons of gold in stock, more than 150 tons more than the Netherlands. It also has its own veins of gold running through its land, which have been mined on a small scale for centuries. Recent exploratory gold searches have proved positive and Japan is now looking to exploit those reserves further.

8) SWITZERLAND: 1,040 TONS

The gold stocks move into four figures now with Switzerland holding 1,040 tons. The majority of this gold is held on home soil, but some of it is stored at the Bank of England and Bank of Canada.

In 2014 there was a referendum to decide whether all the gold should be stored in Switzerland, whether the Swiss National Bank (SNB) should have the right to sell its gold reserves and whether the SNB should hold at least 20% of its assets in gold. The status quo prevailed

7) RUSSIA: 1,778.9 TONS

Russia holds over a third more gold than Switzerland, with 1,778.9 tons of the stuff. The country can't get enough of this precious metal and has been busy expanding its reserves over recent years. It doesn't need to import to add to its stockpile either, as it has a billion-dollar gold mining industry.

6) CHINA: 1,842.6 TONS

China has 1,842.6 tons of gold in its reserves. It is also the world's biggest gold producer, ahead of Australia and Russia, and the local demand for gold has been boosted by the burgeoning wealth of its middle class.

5) FRANCE: 2,435.9 TONS

France has stockpiled 2,435.9 tons of gold, much of this reportedly acquired during the 1950s and 1960s. Although some is held abroad, most of this gold is said to be held in vaults under the Banque de France in Paris. A few hundred tons of French gold was sold off in the early part of this century, but its stocks have remained stable since about 2009.

4) ITALY: 2,451 TONS

Italy holds just a little bit more gold than France with 2,451 tons. Unlike most countries, where the gold reserves are owned by the state and managed by its central bank, Italy’s gold is actually owned by the Banca d’Italia.

This gold is held in vaults in Rome and on foreign soil at the Swiss National Bank, the Federal Reserve Bank in New York and the Bank of England.

3) INTERNATIONAL MONETARY FUND: 2,814 TONS

The International Monetary Fund (IMF) is a group of 189 countries that work to foster global monetary co-operation. When it was founded in 1944 it was decided that 25% of initial quota subscriptions and subsequent quota increases were to be paid in gold. That remains the main source of the 2,814 tons of gold it holds.

2) GERMANY: 3,373 TONS

Germany is the second largest hoarder of gold in the world with 3,373 tons of it. Concern over Its gold falling under Soviet control during the Cold War led to the stockpile being spread around the world.

It was thought it was divided between the Federal Reserve Bank in New York, the Bank of England and the Banque de France. Recently at least half of this bounty has been bought back home to Frankfurt.

1) UNITED STATES OF AMERICA: 8,133.5 TONS

The United States of America is the country with the most gold in the world with 8,133.5 tons of gold bullion. That's nearly as much as Germany, the IMF and Italy combined. The majority of this gold is thought to be held in depositories across America, such as the famous Fort Knox.

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Data are taken from the International Monetary Fund's International Financial Statistics (IFS), January 2018 edition, and other sources where applicable.

IFS data are two months in arrears, so holdings are as of November 2017 for most countries, October 2017 or earlier for late reporters.


REFERENCES:
1. World Gold Council
2. MSN MONEY

Software Developer The Best Job 2018 in US, How Australia & Malaysia?

PHOTO BY: Savvy.com


BY: MOHD EZLI MASHUT

The best job 2018 at United States (US) is software developer according to U.S. News & World Report’s annual survey. Software developers, who on average make $100,080, according to the report, are in “huge” demand now and are expected to be in the future

The latest report according to the annual ranking, which uses data from the U.S. Bureau of Labor Statistics to identify jobs with the greatest hiring demand and the best work-life balance, salary and future prospects, among other factors.

Meanwhile the job of dentish was No. 2 this year, followed by physician assistant at No. 3 and nurse practitioner at No. 4. Healthcare jobs, including nurse practitioners and physicians, usually dominate the list.

This year is the first time since 2015 that a healthcare practitioner has not topped the list. Orthodontist, which held the top spot last year, came in at No. 5.

It’s not the first time software developer has topped the list. In 2014, the techie job usurped healthcare jobs to land in the top spot. Since then, however, healthcare jobs have led the list.

Healthcare jobs are expected to grow 18% by 2026, according to data from the Bureau of Labor Statistics; the predicted gain of 2.3 million jobs is more than any other industry. 

| Australia's Fastest Growing Careers

The education industry is set to grow 13.3% by 2018, creating 58,900 more jobs over the next five years.

As a result of the increased amount of people in our aging population, the need for more medical staff is on the rise. 

Predicted by the NSW Government, we should see job numbers grow by 16.3% by November of 2018. 

With the current rates of new nurses entering the field, there is an estimated 109,000 nurses that our population will be in need of by 2025 due to a nursing shortfall, making this field of work ideal for the estimated future growth and need.

As computers and technology become more vital to our everyday lives, the ICT industry is in need of more people to help support the growing use of such technology. 

There is believed to be a strong growth of 12.8% by the end of 2018, as estimated by The Department of Employment. Computer network professionals are the top expected growing professionals needed nationwide, with a 20.5% increase.

Highest Paying Jobs in Malaysia in 2018

One of the highest paying job for a fresh grad is one in building engineering and construction. Civil and structural engineers, architects, quantity surveyors and interior designers fall under this category. Salary: Starting at RM5,500

With 4 billion people estimated to be using the internet and the recent boom of demand of web, app, system and tech developers, a career in IT is one of the most alluring anywhere in the world.

In Malaysia, it has among the highest entry-level salary in the market with a fresh graduate earning an average of RM 4,600. Depending on the company and the type of programming you do, scaling your salary could be fairly easy, if you’re a good developer. Salary range: Starting from RM4,600



REFERENCE:
1. Los Angeles Times: http://www.latimes.com/business/la-fi-best-job-software-developer-20180110-story.html

2. International Carear Institute

3. https://sentral.edu.my/newsfeed/studytips/top-10-highest-paying-jobs-malaysia-2018/

INFO: Asbestos Lawyers



If you’re suffering from an asbestos illness, asbestos lawyers can help you understand your legal options and rights. 

Over the past decades, numerous companies have been held liable for irresponsibly exposing people to asbestos, a harmful mineral that leads to health-damaging diseases such as mesothelioma and asbestosis. 

In turn, many lawyers now specialize specifically in asbestos-related lawsuits.

There is currently more than $30 billion available in asbestos trust funds. If you or a loved one have been diagnosed with mesothelioma, asbestos-related lung cancer, or asbestosis, fill out our form to get a free Financial Compensation Packet. 

You’ll learn about the top mesothelioma lawyers in your area, how to get paid in 90 days, how to file a claim for the asbestos trust funds, and more.

What Does an Asbestos Lawyer Do?

An asbestos lawyer is an attorney who specializes in asbestos-related cases, such as asbestos-related lung cancer lawsuits, mesothelioma lawsuits, and any cases involving asbestos-related diseases and injuries. 

There are a variety of different areas of law practice specialties, such as car accidents, slip and fall accidents, medical malpractice, and criminal cases. 
Some attorneys choose these special areas of practice to go into, while others may choose to be general practice lawyers, meaning they take on a wide variety of different cases.

Asbestos lawyers, however, may be experienced in other areas of the law, but generally choose to take on asbestos cases only.

Asbestos cases are extremely complicated and detailed. These types of cases almost always often require an attorney who has the knowledge, experience, and understanding of everything that’s involved in the process of proving negligence against the parties who exposed unknowing victims to asbestos.

Retaining a lawyer who doesn’t have specific training in asbestos-related issues is generally not the best option for people who are seeking compensation for their injuries


An experienced asbestos attorney not only understands how people get exposed to asbestos and asbestos-containing materials (ACMs), but they also understand that many of their clients are undergoing tremendous stress and are often weak due to serious health issues.

In turn, most asbestos lawyers have in-depth knowledge of the treatment options, medications, and other health factors that their clients are experiencing. This alone prompts many attorneys to do what it takes in order to help people win their case and obtain the compensation they rightfully deserve.

===============================================

Where Can I Get Additional Assistance?

If you or a loved one are suffering from mesothelioma, asbestos-related lung cancer, or asbestosis, keep in mind that you may be eligible for a substantial amount of compensation. Get our free Financial Compensation Packet for info on the top mesothelioma and asbestos lawyers in your area. Over $30 billion is available in trust funds. For additional assistance, contact us toll-free at 800-793-4540.

SOURCE: www.mesotheliomalawyercenter.org

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