We are pleased to deliver decades of exceptional service to our distinguished clientele in over 80 countries. Switzerland has no gold mines, but it is the world centre for gold refining. If you have enjoyed this report, please consider sharing it, buying your precious metals through the Smaulgld affiliates linked to on this site* and subscribing (for free) to Smaulgld.com. "As of December 31, 2022, the Group's internal control over financial reporting was not effective, and for the same reasons, management has reassessed and has . License : CC BY-4.0 Consolidated Fiscal Balance: % of GDP (%), Forecast: Government Expenditure (CHF bn), General Government: Consolidated (Cons): Revenue (CHF mn), General Government: Cons: Expenditure (CHF mn), General Government: Cons: Net Lending/Borrowing (CHF mn), Gross Public Debt: General Government (CHF mn), Exports: Medicinal and Pharmaceutical Product (USD th), Imports: Medicinal and Pharmaceutical Product (USD th), Imports: ow Precision Instruments, Watches and Jewellery (CHF mn), Imports: ow Machinery, Equipment and Electronics (CHF mn), Exports: ow Precision Instruments, Watches and Jewellery: ow Watches (CHF mn), Exports: ow Precision Instruments, Watches and Jewellery (CHF mn), Exports: ow Machinery, Equipment and Electronics (CHF mn), Foreign Portfolio Investment: % of GDP (%), Foreign Portfolio Investment: Equity Securities (USD mn), Foreign Portfolio Investment: Debt Securities (USD mn), Forecast: Current Account Balance (USD bn), Net International Investment Position (USD mn), BoP: FA: Net Acquisition of Financial Assets (NA) (CHF mn), Balance of Payment (BoP): Current Account (CA): Net (CHF mn), BoP: CA: Credit: Goods and Services (GS) (CHF mn), BoP: FA: Net Incurrence of Liabilities (IL) (CHF mn), BoP: Financial Account (FA): Net (CHF mn), BoP: CA: Credit: Secondary Income (CHF mn), BoP: CA: Debit: Secondary Income (CHF mn), BoP: CA: Debit: Goods and Services (GS) (CHF mn), BoP: FA: IL: Portfolio Investment (CHF mn), BoP: FA: NA: Portfolio Investment (CHF mn), International Investment Position (IIP): Net (CHF mn), Foreign Direct Investment: Stock: Manufacturing (Mfg) (CHF mn), Foreign Direct Investment: Flow: Services: Trade (CHF mn), Direct Investment Abroad: Flow: Asia: ow China (CHF mn), Direct Investment Abroad: Flow: North America: Canada (CHF mn), Direct Investment Abroad: Flow: Europe: EU: ow Belgium (CHF mn), Direct Investment Abroad: Flow: Europe: EU: ow Austria (CHF mn), Direct Investment Abroad: Flow: Europe: EU: ow United Kingdom (CHF mn), Direct Investment Abroad: Flow: Services: Banks (CHF mn), Direct Investment Abroad: Flow: Services (CHF mn), Direct Investment Abroad: Flow: Mfg: Electronics, Energy, Optical and Watch (CHF mn), Direct Investment Abroad: Flow: Services: Finance and Holding Companies (FH) (CHF mn), Direct Investment Abroad: Flow: Manufacturing (CHF mn), Foreign Exchange Reserves: Months of Import (NA), Debt Service Ratio: Private Non-Financial Sector (%), Credit to Private Non-Financial Sector (USD bn), Monetary Base: Seasonally Adjusted (CHF mn), Official Reserve Assets: USD: Foreign Currency Reserves in Convertibles (FC) (USD mn), Switzerland Imports: cif: Advanced Economies: Vatican (USD mn), Switzerland Imports: cif: Euro Area (USD mn), Switzerland Exports: fob: Emerging and Developing Economies: Western Hemisphere: (USD mn), Switzerland Exports: fob: Advanced Economies: Vatican (USD mn), Switzerland Exports: fob: Euro Area (USD mn), Switzerland Imports: cif: Emerging and Developing Economies: Western Hemisphere: (USD mn), Switzerland GDP: 2010 Price: USD: Gross Value Added at Factor Cost: Services (USD mn), Switzerland GDP: Growth: Gross Value Added: Services (%), Switzerland Smoking Prevalence: Total: % of Adults: Aged 15+ (%), Switzerland GDP: % of GDP: Gross Value Added: Services (%), Switzerland GDP: % of GDP: Final Consumption Expenditure: Household (%), Switzerland GDP: % of GDP: Final Consumption Expenditure (%), Switzerland Electricity Production: Nuclear Power Plants (GWh), Switzerland Electricity Production: Thermal Power Plants and Others (GWh), Switzerland Electricity Production: ow Consumption of Storage Pumps (GWh), Switzerland Electricity Production: excl Consumption of Storage Pumps (GWh), Switzerland IPI: Mfg: Food, Beverages and Tobacco: Food and Beverages (1995=100), Switzerland IPI: Mfg: Food, Beverages and Tobacco: Tobacco (1995=100), Switzerland IPI: Mfg: Textiles and Textile Products (1995=100), Switzerland IPI: Mfg: Textiles and Textile Products: Textiles (1995=100), Switzerland IPI: Mfg: Textiles and Textile Products: Wearing Apparel (1995=100), Switzerland IPI: Mfg: Coke, Refined Petroleum Products and Nuclear Fuel (1995=100), Switzerland IPI: Mfg: Chemicals, Man-Made Fibres (1995=100), Switzerland IPI: Mfg: Rubber and Plastic Goods (1995=100), Switzerland IPI: Mfg: Other Non-Metal Mineral Products (1995=100), Switzerland IPI: Mfg: Basic Metals and Fabricated Products (1995=100), Switzerland IPI: Mfg: Electrical and Optical Equipment (EE) (1995=100), Switzerland IPI: Mfg: EE: Office Machinery and Computers (1995=100), Switzerland IPI: Mfg: EE: Other Electrical Machinery (1995=100), Switzerland IPI: Mfg: EE: Radio, TV and Equipment (1995=100), Switzerland IPI: Mfg: EE: Medical and Precision Instruments (1995=100), Switzerland IPI: Mfg: EE: Medical and Precision Instruments: Watches (1995=100), Switzerland IPI: Mfg: Transport Equipment: Motor Vehicles, Trailers, etc (1995=100), Switzerland IPI: Electricity, Gas and Water Supply: Energy Supply (1995=100), Switzerland IPI: Intermediate Goods Industries (1995=100), Switzerland IPI: Capital Goods Industries (1995=100), Switzerland IPI: Consumer Goods Industries: Durable (1995=100), Switzerland IPI: Consumer Goods Industries: Non Durable (1995=100), Switzerland Housing Rental Index: Dec 2005=100 (Dec2005=100), Switzerland Housing Rental Index: May 2000=100 (May2000=100), Switzerland Housing Rental Index: May 1993=100 (May1993=100), Switzerland Housing Rental Index: Dec 1982=100 (Dec1982=100), Switzerland Real Estate Price Index: Rental Apartments (1Q1970=100), Switzerland Real Estate Price Index: Rental Apartment: Old Building (1Q1970=100), Switzerland Real Estate Price Index: Rental Apartment: New Building (1Q1970=100), Switzerland Real Estate Price Index: Owner Occupied Apartments (1Q1970=100), Switzerland Real Estate Price Index: Single Family Homes (1Q1970=100), Switzerland Real Estate Price Index: Office Space (1Q1970=100), Switzerland Real Estate Price Index: Business Space (1Q1970=100), Switzerland Real Estate Price Index: Rental Apartment (1970=100), Switzerland Real Estate Price Index: Owner-Occupied Apartments (1970=100), Switzerland Real Estate Price Index: Zurich: Rental Apartment (1970=100), Switzerland Real Estate Price Index: Zurich: Rental Apartment: Old Building (1970=100), Switzerland Real Estate Price Index: Zurich: Rental Apartment: New Building (1970=100), Switzerland Real Estate Price Index: Zurich: Owner-Occupied Apartments (1970=100), Switzerland Real Estate Price Index: Zurich: Single Family Homes (1970=100), Switzerland Real Estate Price Index: Eastern Swiss: Rental Apartment (1970=100), Switzerland Real Estate Price Index: Eastern Swiss: Rental Apartment: Old Buildi (1970=100), Switzerland Real Estate Price Index: Eastern Swiss: Rental Apartment: New Buildi (1970=100), Switzerland Real Estate Price Index: Eastern Swiss: Owner-Occupied Apartments (1970=100), Switzerland Real Estate Price Index: Eastern Swiss: Single Family Homes (1970=100), Switzerland Real Estate Price Index: Central Swiss: Rental Apartment (1970=100), Switzerland Real Estate Price Index: Central Swiss: Rental Apartment: Old Buildi (1970=100), Switzerland Real Estate Price Index: Central Swiss: Rental Apartment: New Buildi (1970=100), Switzerland Real Estate Price Index: Central Swiss: Owner-Occupied Apartments (1970=100), Switzerland Real Estate Price Index: Central Swiss: Single Family Homes (1970=100), Switzerland Real Estate Price Index: North-Western Swiss: Rental Apartment (RA) (1970=100), Switzerland Real Estate Price Index: North-Western Swiss: RA: Old Building (1970=100), Switzerland Real Estate Price Index: North-Western Swiss: RA: New Building (1970=100), Switzerland Real Estate Price Index: North-Western Swiss: Owner-Occupied Apartme (1970=100), Switzerland Real Estate Price Index: North-Western Swiss: Single Family Homes (1970=100), Switzerland Real Estate Price Index: Bern: Rental Apartment (1970=100), Switzerland Real Estate Price Index: Bern: Rental Apartment: Old Building (1970=100), Switzerland Real Estate Price Index: Bern: Rental Apartment: New Building (1970=100), Switzerland Real Estate Price Index: Bern: Owner-Occupied Apartments (1970=100), Switzerland Real Estate Price Index: Bern: Single Family Homes (1970=100), Switzerland Real Estate Price Index: Southern Swiss: Rental Apartment (1970=100), Switzerland Real Estate Price Index: Southern Swiss: Rental Apartment: Old Build (1970=100), Switzerland Real Estate Price Index: Southern Swiss: Rental Apartment: New Build (1970=100), Switzerland Real Estate Price Index: Southern Swiss: Owner-Occupied Apartments (1970=100), Switzerland Real Estate Price Index: Southern Swiss: Single Family Homes (1970=100), Switzerland Real Estate Price Index: Lake Geneva: Rental Apartment (1970=100), Switzerland Real Estate Price Index: Lake Geneva: Rental Apartment: Old Building (1970=100), Switzerland Real Estate Price Index: Lake Geneva: Rental Apartment: New Building (1970=100), Switzerland Real Estate Price Index: Lake Geneva: Owner-Occupied Apartments (1970=100), Switzerland Real Estate Price Index: Lake Geneva: Single Family Homes (1970=100), Switzerland Real Estate Price Index: Western Swiss: Rental Apartment (1970=100), Switzerland Real Estate Price Index: Western Swiss: Rental Apartment: Old Buildi (1970=100), Switzerland Real Estate Price Index: Western Swiss: Rental Apartment: New Buildi (1970=100), Switzerland Real Estate Price Index: Western Swiss: Owner-Occupied Apartments (1970=100), Switzerland Real Estate Price Index: Western Swiss: Single Family Homes (1970=100), Switzerland GDP: CL 2000p: Global Demand (CHF mn), Switzerland GDP: CL 2000p: Domestic Demand (CHF mn), Switzerland GDP: CL 2000p: Final Domestic Demand (CHF mn), Switzerland GDP: CL 2000p: Final Consumption Expenditure: Personal (CHF mn), Switzerland GDP: CL 2000p: Final Consumption Expenditure: Government (CHF mn), Financial System: Deposit Money Banks: Annual, Financial System: Monetary Authorities: Annual, Financial System: Nonbank Financial Institutions: Annual, Switzerland Gold Reserves was reported at 60.825 USD bn in Dec 2022, This records an increase from the previous number of 58.738 USD bn for Nov 2022, Switzerland Gold Reserves data is updated monthly, averaging 39.143 USD bn from Jun 1999 to Dec 2022, with 283 observations, The data reached an all-time high of 65.861 USD bn in Aug 2020 and a record low of 17.580 USD bn in May 2005, Switzerland Gold Reserves data remains active status in CEIC and is reported by CEIC Data, The data is categorized under World Trend Pluss Global Economic Monitor Table: Gold Reserves: USD: Monthly: Europe and Central Asia. The . A refinery produces not just gold bars, but semi-finished products, like coins and medals, which require a high degree of precision. It exchanged the precious metal for Swiss francs, the only free convertible currency at the time outside the American dollar. Switzerland. Chart Disclaimer: Information presented here has been obtained from a third party and is presented for information purposes only. Current job openings: 2022 Data - 2023 Forecast - 2000-2021 Historical - Chart, Swiss Franc Rebounds on Swiss National Bank Loan Announcement, Swiss Producer Inflation Eases to 22-Month Low, Switzerland Inflation Rate Rises to 6-Month High, Factory Activity in Switzerland Falls for 2nd Month, Swiss Business Morale Rises for 3rd Month, Wall Street Rattles As First Republic Sinks, Spain Stocks Weekly Decline Largest in Over a Year, French Stocks End in the Red, Book Weekly Loss, European Stocks End Week on Negative Note, South African Stocks End Lower, Post Sharp Weekly Loss, FTSE 100 Closes Near Four-Month Lows, Posts Sharpest Weekly Decline Since February 2022. How To Buy Austrian Gold Philharmonic Coins, How To Buy Canadian Gold Maple Leaf Coins. Your data is used to pre-fill some form fields. Switzerland, one of the smallest countries on the list in terms of population, has the world's largest reserves of gold per capita of any nation, about 4 ounces per person. Much of the focus of the discussion about Nazi gold (German: Raubgold, "stolen gold") concerns how much of it Nazi Germany transferred to overseas banks during World War II.The Nazis looted the assets of its victims (including those in concentration camps) to accumulate wealth.In 1998, a Swiss commission estimated that the Swiss National Bank held $440 million ($8 billion in 2020 currency) of . BSH Gold: Tiny Switzerland ranks 95th in the world for population and 19th for GDP, but is ranked No. Our experienced executive team assists clients in every step of the process of storing gold and silver to insure their wealth against global . That mine is no longer operating, but there is little doubt that gold is still in the area. White label accounts can distribute our data. The Swiss National Bank is notable in that it still manages the 8th largest official central bank gold reserves in the world at 1,040 tonnes (7th largest in the world excluding the IMF). Your web browser is outdated. +41 44 213 62 45. by. The SNB sold an average of one tonne of gold each day for five years. You can print money as much as you like, but you cant print gold.. Given the SNBs track record managing the countrys stash since 1999 its not surprising that most inhabitants of Switzerland (not its parliament however which has rejected the idea outright) want to rein in the bank. "There is growth in gold," Wipfli says. Singapore. Remaining neutral during World War 2 made it possible for Switzerland to keep hold of its gold reserves and even to profit during the war to stockpile more ensuring it had a large stock of gold when compared to the size of its population. Switzerland is certainly not the only country in Europe that has prohibited or restricted mining activity in their country. A confirmation e-mail has been sent to your address. But work permits can be hard to come by. Japan Its reserves were 753.55 in Q1 2000 and then moved up to the present . if (window.addEventListener){ window.addEventListener("message", function(event) { if(event.data.length >= 22) { if( event.data.substr(0, 22) == "__MM-LOCATION.REDIRECT") location = event.data.substr(22); } }, false); } else if (window.attachEvent){ window.attachEvent("message", function(event) { if( event.data.length >= 22) { if ( event.data.substr(0, 22) == "__MM-LOCATION.REDIRECT") location = event.data.substr(22); } }, false); }. The prices charged are the same as they would be if you were to visit the sites directly. Switzerland has no gold mines, but it is the world centre for gold refining. The Taliban have banned women from working for aid agencies. Volume of gold reserves by country 2022. Subscribe to Smaulgld.com to have top Smaulgld.com content emailed to you as soon as it is published. The practice of re-melting and re-stamping problematic gold was repeated when the Dubai-based refinery Kaloti lost its Dubai Multi Commodities Centre (DMCC) accreditation because it failed to meet sourcing standards. We use cookies to ensure that we give you the best experience on our website. the country's wider economy. Click to buy Austrian Silver Philharmonic coins from Money Metals Exchange.com. Japan- 765.2 tonnes of gold. In seventh place is Switzerland, which actually has the world's largest reserves of gold per capita. Please click the link in the e-mail to activate your account. The Swiss were the principal bankers and financial brokers of the Nazis, handling vast sums of gold and hard currency Neutrality collided with morality; too often being neutral provided a pretext for avoiding moral considerations. Stuart Eizenstat, US attorney and diplomat who served as US Undersecretary of Commerce for International Trade. It follows other gold rich countries like Romania and Hungary in preventing exploration and mines. The main debate about responsible supply chains in Switzerland is whether due diligence requirements need to be made mandatory. To keep Hitler's war machine going, the Nazis captured bullion from European central banks that today would be worth $19 billion, writes George M. Taber, author of 'Chasing Gold: The Incredible . A mine would bring an estimated 4 million dollars a year in revenue to the small local communities over the next ten years, but despite Europe being in the worst depression since WWII, the townsfolk still say no to the mines. The Ultimate Gold Panning Guide! Italy has struggled in the aftermath of the Financial Crisis of 2008/09, and is currently (April 2019) in recession for the fourth time in 10 years. Switzerland . Oct 12, 2012 The city-state has long been the Switzerland of Asia; it is modern, efficient, and responsive. This is despite having sold off 1,550 tonnes of its gold in the 2000s, before which it held the world's 5th largest official gold reserves (4th largest after . Close to 80% of the gold imported from South Africa during the 1980s was re-melted and stamped with a Swiss quality seal by refineries established by the commercial banks. It is also the world's largest gold reserve per capita. These are highly important factors in the precious metals sector.. You can unsubscribe (withdraw your consent) from these emails at any time. Please consider making a small donation to Smaulgld.com. Click to Buy Franklin Half Dollars Average Circulation (affiliate link Smaulgld receives commission for sales). Switzerland still has more gold reserves per person than any other country, according to the SNB. Japan, with 765.2 tons of gold. Swiss gold refinery Metalor Technologies has announced it will no longer deal with artisanal mining operations. There are no active mines here at the moment but there is a small amount of gold being prospected in the rivers and streams around Switzerland. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Please join us! With our newsletters you get the top stories to your inbox. Under a gold standard, anyone holding . The Peoples Bank of China holds approximately .042 ounces of gold per person or less than 1/20 of an ounce per capita. Gold Reserves are countrys gold assets held or controlled by the central bank. Until that year, the Swiss franc had had to be backed by a minimum of 40 percent in gold reserves (this is why the Swiss franc has historically been considered a safe-haven currency). But its the worlds gold refining hub, a major global center for bullion vaults and boasts the worlds 8th largest official hoard of gold. Italy has struggled in the aftermath of the Financial Crisis of 2008/09, and is currently (April 2019) in recession for the fourth time in 10 years. The LME has discovered bags of stones instead of the nickel that underpinned a small handful of its contracts at a warehouse in Rotterdam. Reserves are estimated to be in the area of around 1.2 billion dollars. The Swiss population owns 920 tonnes in private gold, next to 1,040 tonnes in official gold reserves. . Swiss NGOs such as Public Eye and the Society for Threatened Peoples beg to differ and have done so over multiple reports flagging human rights and environmental issues from Peru to Togo. We have a plan for your needs. If you are looking to purchase gold in Switzerland or simply want to see live gold prices, quotes will be seen in the local currency. 6. Please click the link in the e-mail to reset your password. Tonnes: Percent of foreign reserves: 5.3% In seventh place is Switzerland, which actually has the world's largest reserves of gold per capita. Despite the fact that the towns are dying because all the young people need to go elsewhere to find jobs; the 450 or so locals voted to maintain the status quo and keep the miners away for the time being. Sale prices achieved by the SNB ranged from $300 an ounce to $500 an ounce, netting the bank some $21 billion. These two firms have not disclosed annual refining capacities. You can find an overview of ongoing debates with our journalists here. They are stored locally on your computer or mobile device. By 2020, however, Austria wants to hold 50 percent of its reserves in Austria, 20 percent in Switzerland and just 30 percent in London. Switzerland Gold Reserves . It continues to be a country that is labeled as having great potential as far as finding gold is concerned, but the difficult terrain and limited road system in the hard to reach regions where experts think the gold is may not make it cost effective to mine there. (affiliate link Smaulgld receives commission for sales), Litecoin Silver Rounds Bitcoin Silver Rounds Ethereum Rounds Monero Silver Rounds ZCash Silver Rounds Ripple Silver Rounds NEO Silver Rounds (affiliate links Smaulgld receives commission for sales). And up to a few years ago the main industry lobby, the World Gold Council, was based in Geneva.. Fear of being held to account for supporting apartheid led Switzerland to stop publishing official trade statistics on gold from 1981. the country's wider economy. IFS data are two months in arrears, so holdings are as of December 2022 for most countries, November 2022 or earlier for late reporters. 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