Archive - Oct 2008 - Article

The last straw

One wonders at times what constitutes the wealth of a nation. How can one consider a nation wealthy, or not so? Is gold the yardstick? Precious metals? In truth, the tangible measure of a country’s wealth nowadays is the hard currency reserves of that country, and that information is conveniently published in certain magazines and newspapers, for instance, The Economist. So let’s go over these figures (and mines’ are not the most recent): At the top of the list stands China with more than a trillion dollars worth of hard currencies. Next to china … (yes you guessed correctly) is Japan with more than 800 billion dollars. We see the South East Asian countries dominating the top ten. At about number 11 stands Russia>>>