How Much Gold Does the Reserve Bank of New Zealand Have?


We’ve had the odd query from other New Zealanders asking “With all the recent reports of ‎various Central Banks of the world buying gold, just how much gold does the Reserve ‎Bank of New Zealand (RBNZ) actually have?”‎

So we thought we should publish the specifics.  And we’re sorry to report folks, the news isn’t so great.‎

The RBNZ website has the following table:  (We’ve highlighted the gold related part in blue.  And the full table can be found here on the RBNZ website.)

New Zealand’s International Reserves and ‎Foreign Currency Liquidity

30 Sep 2009
(Information is disclosed in NZD 000’s)
I. Official reserve assets and other foreign currency assets (approximate market value)
A. Official reserve assets 19,994,933
(1) Foreign currency reserves (in convertible foreign currencies) 17,074,379
(a) Securities 15,079,813
of which: issuer headquartered in reporting country but located abroad
(b) total currency and deposits with: 1,994,566
(i) other national central banks, BIS and IMF 1,912,062
(ii) banks headquartered in the reporting country
of which: located abroad
(iii) banks headquartered outside the reporting country 82,504
of which: located in the reporting country
(2) IMF reserve position 382,538
(3) SDRs 1,598,884
(4) gold (including gold deposits and, if appropriate, gold swapped)
volume in fine troy ounces
(5) other reserve assets 939,132
financial derivatives 484,080
loans to non-bank non-residents
other 455,052

Last time I checked a dash didn’t mean that the number was too big to report but was ‎rather a simple alternative for the number zero.  So according to the RBNZ website, ‎New Zealand has $0 worth of gold deposits from a grand total of zero fine troy ounces of gold.‎

Further confirmation of this comes from the World Gold Council.  They periodically ‎take information compiled by the IMF to create a ranking of gold deposits of ‎countries.‎

The lazy mans research site – Wikipedia means we don’t have to look too hard for the ‎latest figures though.  The table below ranks each nation according to it’s ‎officially reported gold holdings as of November 2009.‎

We can save you some time searching and state that unfortunately New Zealand does not feature – at all.‎

World official gold holding (November 2009)[11]
Rank Country/Organization Gold
Gold’s share
of total
forex reserves (%)[11]
1 United States United States 8,133.5 77.4%
2 Germany Germany 3,408.3 69.2%
3 International Monetary Fund 3,005.3
4 Italy Italy 2,451.8 66.6%
5 France France 2,445.1 70.6%
6 People's Republic of China China 1,054.0[12] 1.9%
7 Switzerland Switzerland 1,040.1 29.1%
8 Japan Japan 765.2 2.3%
9 Netherlands Netherlands 612.5 59.6%
10 Russia Russia 568.4 4.3%
11 India India 557.7[6] 6%
12 European Central Bank 501.4 18.8%
13 Republic of China Taiwan 423.6 3.9%
14 Spain Spain 416.8 42.5%
15 Portugal Portugal 382.5 90.2%
16 Venezuela Venezuela 363.9 35.5%
17 United Kingdom United Kingdom 310.3 18.7%
18 Lebanon Lebanon 286.8 30.0%
19 Austria Austria 280.0 50.5%
20 Belgium Belgium 227.5 42.5%
21 Algeria Algeria 173.6 3.6%
22 Philippines Philippines 153.9 12.3%
23 Libya Libya 143.8 4.5%
24 Saudi Arabia Saudi Arabia 143.0 12.4%
25 Sweden Sweden 135.9 14.2%
26 Singapore Singapore 127.4 2.2%
27 Bank for International Settlements 125.0
28 South Africa South Africa 124.7 11.0%
29 Turkey Turkey 116.1 4.7%
30 Greece Greece 112.5 92.8%
31 Romania Romania 103.7 8.4%
32 Poland Poland 102.9 5.0%
33 Thailand Thailand 87.4 2.2%
34 Australia Australia 79.8 7.3%
35 Kuwait Kuwait 79.0 11.9%
36 Egypt Egypt 75.6 6.4%
37 Indonesia Indonesia 73.1 4.3%
38 Kazakhstan Kazakhstan 72.0 11.6%
39 Denmark Denmark 66.5 4.7%
40 Pakistan Pakistan 65.4 20.3%
41 Argentina Argentina 54.7 3.4%
42 Finland Finland 49.1 17.6%
43 Bulgaria Bulgaria 39.9 7.6%
44 West African Economic and Monetary Union 36.5 11.8%
45 Malaysia Malaysia 36.4 1.2%
46 Slovakia Slovakia 35.1 81.6%
47 Peru Peru 34.7 3.3%
48 Brazil Brazil 33.6 0.5%
49 Bolivia Bolivia 28.3 10.3%
50 Ecuador Ecuador 26.3 11.6%
51 Ukraine Ukraine 26.2 2.0%
52 Syria Syria 25.9
53 Morocco Morocco 22.0 2.2%
54 Nigeria Nigeria 21.4 0.9%
55 Belarus Belarus 20.3 11.6%
56 Sri Lanka Sri Lanka 15.3[7] 3.8%
57 Jordan Jordan 14.8 5.2%
58 South Korea South Korea 14.3 0.1%
59 Cyprus Cyprus 13.9 29.7%
60 Czech Republic Czech Republic 13.2 0.9%
61 Netherlands Antilles 13.1 31.4%
62 Cambodia Cambodia 12.4 12.9%
63 Qatar Qatar 12.4 2.6%
64 Serbia Serbia 12.2 2.3%
65 Laos Laos 8.1 23.1%
66 Latvia Latvia 7.7 3.3%
67 El Salvador El Salvador 7.3 8.2%
68 Economic and Monetary Community of Central Africa 7.1
69 Guatemala Guatemala 6.9 3.9%
70 Colombia Colombia 6.9 0.8%
71 Republic of Macedonia Macedonia 6.8 7.6%
72 Tunisia Tunisia 6.8 2.1%
73 Lithuania Lithuania 5.8 2.3%
74 Republic of Ireland Ireland 5.5 16.3%
75 Mongolia Mongolia 5.2 10.9%
76 Bahrain Bahrain 4.7
77 Mauritius Mauritius 3.9[8] 2.4%
78 Bangladesh Bangladesh 3.5 1.6%
79 Mexico Mexico 3.4 0.1%
80 Canada Canada 3.4 0.2%
81 Slovenia Slovenia 3.2 7.2%
82 Aruba Aruba 3.1 17.1%
83 Hungary Hungary 3.1 0.3%
84 Mozambique Mozambique 3.0 4.6%
85 Kyrgyzstan Kyrgyzstan 2.6 5.3%
86 Luxembourg Luxembourg 2.3 10.8%
87 Albania Albania 2.2 2.6%
88 Hong Kong Hong Kong 2.1 0.0%
89 Iceland Iceland 2.0 1.9%
90 Tajikistan Tajikistan 2.0
91 Papua New Guinea Papua New Guinea 2.0 2.1%
92 Trinidad and Tobago Trinidad and Tobago 1.9 0.6%
93 Yemen Yemen 1.6 0.5%
94 Suriname Suriname 1.4 7.0%
95 Cameroon Cameroon 0.9
96 Honduras Honduras 0.7 0.7%
97 Paraguay Paraguay 0.7 0.6%
98 Dominican Republic Dominican Republic 0.6 0.7%
99 Gabon Gabon 0.4
100 Republic of the Congo Republic of the Congo 0.3
101 Chad Chad 0.3
102 Central African Republic Central African Republic 0.3
103 Uruguay Uruguay 0.3 0.1%
104 Estonia Estonia 0.2 0.1%
105 Chile Chile 0.2 0.0%
106 Malta Malta 0.2 0.8%
107 Costa Rica Costa Rica 0.1 0.0%

It’s a bit of a worry when the Central African Republic of Chad, which the U.N. ‎reports as the 5th poorest nation on the planet, has more gold reserves than we do!‎

They may come in at number 101 on the list and only have 0.3 tonnes but that’s 0.3 ‎tonnes more than us!  (Or about $15 Million NZD in Gold reserves more than New Zealand)‎

Just like we believe the average person should have at least a small percentage of their ‎liquid net worth held in gold, we too think the RBNZ would be wise to convert some ‎of it’s foreign currency reserves into real money to ensure a store of value in a time ‎when currencies the world over are being depreciated at ever greater speed.‎

Read more: Why New Zealand Won’t Have Any Say in a Global Currency Reset

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19 thoughts on “How Much Gold Does the Reserve Bank of New Zealand Have?

  1. danny says:

    It would be interesting to see a table for private gold hold by country.
    Scarey, I have more gold than the NZ Government!

  2. admin says:

    That would be an insightful piece of information alright. The World Gold Council does track Jewellery, Industrial and Investment demand but we are not aware of them itemizing the investment demand per country – probably because they don’t have the complete information in order to do so. As a large part of private investment in gold is in Over-the-Counter transactions, so it is very difficult to accurately measure.
    Although undoubtedly India would be joined by China at the top and New Zealand would be a long way down the list. Also here’s a recent article on how China is about to take over top spot from India as the worlds top Gold consumer…

    Thanks for your comment.

    GSG editors.

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  12. Andrew Sheldon says:

    I’m not a fan of government’s holding gold. I think if you want to hold gold, then we ought to do it ourselves. As far as currencies are concerned, I’d like to see private crypto-currencies underpinned by gold, if not other currencies. I’d not trust the NZ govt to hold it, as it would probably be plundered. How can we believe that Fort Knox still has its gold reserves. The Fed doesn’t publish the holdings, since its private. It leases it too. I’m not an advocate of such counter-party risks. I personally hold gold shares, because I know with gold in the ground, I don’t have to worry about it being stolen, and it offers an income. Its getting to a point where its almost time to buy.

  13. Helena M Jordan says:

    The Reserve Bank of New Zealand is owned by the Rothschild Family, as are the Reserve banks in most other “western countries”, with the exception of Cuba, Nrth Korea and Iran – hence wars in the Middle East. (Good thing perhaps China bought the U.S.Fed Reserve and gold stocks held by J.P.Morgan) Rothschild took control of Iraq and Libya Reserve Banks – the way paved by blood under the umbrella “fight against terrorism”. Rothschild is now after Iran Reserve Bank by way of Syria. IMF and World Bank is controlled by the Rothschild Group – they have put the peoples of Portugal, Spain, Italy (U.K. although they don’t realize it yet) on their knees and now the peoples of Greece are getting up off their knees to say “NO MORE”. The wars in the Middle East are by Rothschild design to cause total disruption in Europe. How long before NATO troops are ordered in to “regain the peace” or better put take over control.
    New Zealand has no gold reserves, Rothschild owns and controls the Reserve Bank and major high street banks. This Elite could put the people of NZ on their knees overnight. Perhaps as soon as 2016.

  14. Glenn says:

    Hi Helena,

    Yes there is a fair bit of evidence backing up what you say.

    It is indeed a case of “following the money” in many of these conflicts to see what the rationale is for most of them.

    Thanks for taking the time to write an insightful comment.

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  17. dean says:

    Gold has to be the most worthless metal ever dreamt about. Asthetic jewelry, a small play in medicine and electronics and conveniently a ‘universal currency’ by horders who monopolise and oversee world curriencies. It is a good thing NZ stays away from gold reserve holdings, as its hit and miss these days whether you have ‘gold’ stock or ‘tungsten’ look-a-like bar… very close atomic weight between these two metals has inspired false gold reserve all over the place … like the load China got as payment from the fed reserve … they was not happy folks … wheres the real stuff going? Well … back to its owners of course – the guys who control the money systems certainly will want to control the ‘universal’ currency as well otherwise owning reserve banks and convential curriencies will mean jack shit … Ive got no gold, but Ive got 112 dollars in the bank … and thats just how I like it.

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