Gold reserves by country - 10 African Countries with the highest gold reserves

Описание: Gold reserves by country - 10 African Countries with the highest gold reserves: As geopolitical tension in Ukraine and Russia shrinks major economies, investors are increasingly turning to gold as collateral for their investments. In comparison to the price of gold in August of last year, the price of gold hit a record high of $2,069.25 per ounce in March of this year. With rising inflation, gold has also evolved into a safety net for both domestic and global economies. According to the World Gold Council, central banks around the world purchased 272.9 metric tons of gold in 2020. Financial experts and investors consider gold as a form of wealth protection because it is unaffected by disruptions in the financial system. According to Trustable Gold, this is because gold reduces the losses that come with other investments when the financial system is shaken. One distinguishing feature of gold is that, unlike other currencies, gold retains its purchasing power over time. Currently, Africa is the third-largest producer of gold in the world, with mining activities taking place in at least 21 nations. The mining industry serves as one of the main sources of employment in many African countries. Our video today explores the top 10 African countries with the largest gold holdings. Be sure to like, comment, and subscribe to our channel for more exciting videos.

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