The biggest private owners of gold in the world a small niche in an investment market filled with governments and a plethora of smaller investors. From large banks whose every maneuver “makes” the spot price and families in the East that have inherited vast quantities of gold. And then there are the private collectors and investors who collectively own a huge sum of precious metals.
Here is a rundown of some of the biggest individual owners of Gold in the world. Note that this list does not include Gold bullion purchased by central banks or governments across the world.
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Indian Families
Collectively, Indian households have the largest amount of gold in the world – roughly 24,000 metric tons. Most of it is in the form of jewelry which is used for Diwali festival and weddings.
The Royalty of Saudi Arabia
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These oil-rich families had vaults of gold – now in the hundreds of tonnes – well before they began making deals with the West. One can only imagine how much gold they have accrued since the 1920s.
John Paulson
Paulson, famed American investor, has made billions for himself and his clients over the years. When gold went on its strong run from 2011 to 2013 Paulson raked in $5 billion. Why? Because he bought tons of gold when it was cheap.
Eric Sprott
Sprott is a well respected Canadian businessman and billionaire who has put huge sums of his wealth into gold. Basically, he’s the Canadian version of John Paulson.
What does the future look like for the biggest private owners of gold in the world?
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Like the Indian families aforementioned, plenty people like to invest in gold for the metal’s investment, as well as aesthetic and sentimental value. It is unlikely the those families will be reducing their holdings. There is also plenty of evidence that on a national level, the zeitgeist supports repatriating gold reserves.
Germany is one such country.Recently, German investors and consumers have been putting a lot more money into gold. Many agree that it is both a great bull work against economic uncertainty and something you will cherish for many years to come.
What about the super-investors of Gold St.? Are John Paulson and Eric Sprott, two of the biggest private owners of gold in the world doing? Are they staying busy in the industry? A recent Bloomberg article points to their keenness to join a Gold Investors group.
Global Bullion ranks among the best online gold dealers for those looking to buy gold at the lowest premiums above spot.
From Global Bullion’s research, there are a very wide variety of gold buyers. Some of the biggest private gold owners in the world tend not to advertise.
One thread is common with the biggest owners of gold in the world:You see bigger reserves with people and places who have less trust (legitimate or otherwise) in things going well. That’s why many of the biggest private investors of gold in East and West are contrarians or simply have an enduring lack of faith in other forms of currency.
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Source: https://t-tees.com
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