Czechs have twice as much gold at home than Czech National Bank

[sixgun]

The gold holdings of private households in the Czech Republic are twice as high as the gold reserves of the Czech National Bank, suggests a new survey conducted by gold investor Zlato.cz.

https://english.radio.cz/czechs-have-twice-much-gold-home-czech-national-bank-8740500

According to official data, private individuals in the Czech Republic currently own 19.35 tons of gold. This is double the amount of gold stored in the Czech National Bank vaults, which stood at 10.6 tons at the end of 2021.

“Such a disparity is quite common in richer countries,” Zlato.cz analyst David Marášek told the Czech News Agency.

For example, German households own more than 9,000 tons of gold, while the Bundesbank has 3,362 tons. In Italy, some 6,418 tons of gold are privately owned, compared to 2,452 tons owned by the Central Bank and in France it is 4,714 tons of private-owned gold compared to 2,436 tons in the bank.

So how much do we think is held by private citizens in the UK?

[Happypanda88]

So how much do we think is held by private citizens in the UK?

 

I'll say very low, much lower than the french population - perhaps half the amount.

Besides, nearly all of the UK forum members here have suffered at least one tragic boating accident. Otherwise, it could have been slightly more. 😬

[Gordy]

36 minutes ago, Happypanda88 said:

So how much do we think is held by private citizens in the UK?

 

I'll say very low, much lower than the french population - perhaps half the amount.

Besides, nearly all of the UK forum members here have suffered at least one tragic boating accident. Otherwise, it could have been slightly more. 😬

@James32 Owns around 6 tons all by himself!!!! 😂

[James32]

Just now, Gordy said:

@James32 Owns around 6 tons all by himself!!!! 😂

🤣🤣 getting there

[Darr3nG]

36 minutes ago, Gordy said:

@James32 Owns around 6 tons all by himself!!!! 😂

That rising sea level isn't global warming, it's James's sunken fleet!

[Jvw]

20 minutes ago, Darr3nG said:

That rising sea level isn't global warming, it's James's sunken fleet!

Forget the gold-standard. More like Boat-standard.

Seems like gold-price is somehow connected to the quality of boats.

The worser the condition of the boats, the more accidents, the lesser gold on open market and the higher waterlevels rise. 

 

[Darr3nG]

Completely unrelated chart showing WWII U-Boat Losses mapped to the last 20-year Gold Price... We could be on to something!

[Foster88]

4 hours ago, Happypanda88 said:

So how much do we think is held by private citizens in the UK?

 

I'll say very low, much lower than the french population - perhaps half the amount.

Besides, nearly all of the UK forum members here have suffered at least one tragic boating accident. Otherwise, it could have been slightly more. 😬

Accidents happen, I think it’s with us being an island. I was surprised to hear how many people on here in Birmingham (owned) a fishing boat. 😆

[HerefordBullyun]

Just now, Foster88 said:

Accidents happen, I think it’s with us being an island. I was surprised to hear how many people on here in Birmingham (owned) a fishing boat. 😆

Plenty of canals  might find the odd tiddler in the canal with a few used condoms

 

[Darr3nG]

5 minutes ago, Foster88 said:

I was surprised to hear how many people on here in Birmingham (owned) a fishing boat

@HerefordBullyun used to give them away on a gameshow, all throughout the 80s

[Foster88]

1 minute ago, Darr3nG said:

@HerefordBullyun used to give them away on a gameshow, all throughout the 80s

“Let’s look at what you could have won....” 😆

How did they split a speedboat, kitchen or a car between two people.

[HerefordBullyun]

7 minutes ago, Darr3nG said:

@HerefordBullyun used to give them away on a gameshow, all throughout the 80s

Correct I kept one for my self to store my silver on very religious one holy to boot! Just incase the tax man asks!

[Roy]

5 hours ago, sixgun said:

According to official data,

What is this data? I think it's practically impossible to quantify how much gold is held privately.

Do Czechs have to declare their holdings by law?

I think these are nothing more than estimates and most likely inaccurate.

No-one but me knows how much I hold and I'm sure you are all the same!

I would estimate that private gold ownership is very low in the UK- we care too much for other assets. Private gold ownership in Asia is another matter and we know that he who holds the most gold makes the rules.

Nothing funny to add, sorry 😊

[GoldDiggerDave]

I hear Risih Sunak is doing a deal with @James32 to bail this country out with his gold stack. 

[HerefordBullyun]

Just now, Roy said:

.

Nothing funny to add, sorry 😊

Must try harder!

[GoldDiggerDave]

7 minutes ago, Foster88 said:

“Let’s look at what you could have won....” 😆

How did they split a speedboat, kitchen or a car between two people.

One of my neighbours has a caravan and a speed boat..........I said you must be good a darts! 

[HerefordBullyun]

Just now, GoldDiggerDave said:

I hear Risih Sunak is doing a deal with @James32 to bail this country out with his gold stack. 

Fishy poosack is too busy lining his missus pockets with plenty of contract with Infosys (shes on the board) by using IR35.

We are losing all our quality contractors

[James32]

1 minute ago, GoldDiggerDave said:

I hear Risih Sunak is doing a deal with @James32 to bail this country out with his gold stack. 

If I had 10% of what's in you're sock drawer I'd retire 😁

[Paul]

5 minutes ago, Roy said:

What is this data? I think it's practically impossible to quantify how much gold is held privately.

Do Czechs have to declare their holdings by law?

Yup a very good reason to hoard it, gift it, bury it, trade it, leave your fiat debt money under a few k in your bank for life. Be asset rich and cash poor

[Foster88]

7 minutes ago, James32 said:

If I had 10% of what's in you're sock drawer I'd retire 😁

I don’t think we need to know what’s in his sock drawer. 😂

On a serious note, I agree with @Roy I think this is all just a guess.

I bet the Swiss have the most in Europe. After @James32 of course.

[GoldDiggerDave]

What will be interesting to see if gold is being moved, I know Poland repatriated tons of gold from the UK a while back, I'm betting with the potential conflict gold will be moved eastwards back to us for a few more years.  

[Foster88]

5 minutes ago, Paul said:

Yup a very good reason to hoard it, gift it, bury it, trade it or leave it  on your boat, leave your fiat debt money under a few k in your bank for life. Be asset rich and cash poor

I’ve fixed it for you. 😊

[HerefordBullyun]

4 minutes ago, Foster88 said:

 

I bet the Swiss have the most in Europe. After @James32 of course.

Yup plenty of Nazi gold owned by the Swiss - so much for being neutral country. 

I expect @James32 has a kilo gold bar pocket piece wheras @GoldDiggerDave house is like Saddams place in Baghdad with gold door handles and lavs and sink taps.

I heard hes got diamond toothbrush to boot!

Edited January 29, 2022 by HerefordBullyun

[BullionBuyer]

It makes you wonder how much gold is held in private hands in countries like China and India. 

[Roy]

They own gold from the day they are born 😊