Top 10 AFRICAN COUNTRIES HAVE HIGH GOLDS

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  • followed by South Africa, with official gold reserves reaching 125 metric tons.

In March this year, the price of Gold reached $2,069.25 an ounce, a figure very close to the all-time high it reached in early August 2020. According to financial experts, geopolitical tension caused by the Russian-Ukraine war is sinking the world's big stock markets leaving investors to run towards what they perceive as safe-haven assets such as the dollar, gold, or bonds.


HERE WE HAVE TOP 10 COUNTRIES ACCORDING TO STATUS 

  • 1.Algeria 174 metric tons
  • 2.South Africa - 125 metric tons
  • 3.Libya - 117 metric tons
  • 4.Egypt - 80.73 metric tons
  • 5.Morocco - 22.12 metric tons
  • 6.Nigeria - 21.37 metric tons
  • 7.Mauritius - 12.44 metric tons
  • 8.Ghana - 8.74 metric tons
  • 9.Tunisia - 6.84 metric tons
  • 10.Mozambique - 3.94 metric tons

    • NB: Cost of Gold =Money (nots and coins) which used to make real notes. 

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