Gold, interesting facts on gold, stock market, largest companies, oil

Gold closed the week at 1158 dollars/oz. The gold has been in this 1100-1350 range for quite some years now and the fact that it is consolidating at these levels make things look quite positive for gold. The demand for gold is firm at these levels and the supply has been constant. The consolidation of gold at these prices can have a positive impact on the prices of gold in the near future.

World's largest gold reserves

Here is the list of countries with the largest gold reserves in the world :

Data : As at January 2015 (based on World gold council data)
Source : Wikipedia

1. USA : 8133.5 tonnes

2. Germany : 3384.2 tonnes

3. Italy : 2451.8 tonnes

4. France : 2435.4 tonnes

5. Russia : 1206.8 tonnes

6. China : 1054.1 tonnes

7. Switzerland : 1040 tonnes

8. Japan : 765.2 tonnes

9. Netherlands : 612.5 tonnes

10. India : 557.7 tonnes


Total gold mined : Read this interesting article

Stock markets are looking like they are ready for some corrections, the rise in the markets has been quite sharp in the past few months and it looks like the correction and consolidation phase might start soon.

World's top 10 companies by market capitalisation

These companies are the Stock markets biggest gems. List of top 10 companies by market capitalisation :

List up to date as of 31 december, 2014.
Source : wikipedia.org

1. Apple : 647.36 billion $'s (USA)

2. Exxon Mobil : 391.48 billion $'s (USA)

3. Microsoft : 382.88 billion $'s (USA)

4. Berkshire Hathaway : 370.65 billion $'s (USA)

5. Google : 329.77 billion $'s (USA)

6. Petrochina : 305.54 billion $'s (CHINA)

7. Johnson & Johnson : 292.70 billion $'s (USA)

8. Wells Fargo : 284.39 billion $'s (USA)

9. Wal-Mart : 276.81 billion $'s (USA)

10. ICBC : 271.15 billion $'s (CHINA)


Oil has seen a sharp decline in the prices in the past 7-8 months and looks like it is consolidating at around 45-50 usd/bbl levels.