The international community has hit Mommar Gadhafi with a raft of sanctions and asset freezes aimed at cutting off his funding. But the embattled Libyan leader is sitting on a pot of gold.
The Libyan central bank -- which is under Colonel Gadhafi's control -- holds 143.8 tonnes of gold, according to the latest data from the International Monetary Fund, although some suspect the true amount could be several tonnes higher.
Those reserves, among the top 25 in the world, are worth more than $6.5 billion at current prices, enough to pay a small army of mercenaries for months or even years.
While many central banks hold their gold reserves in international vaults in London, New York, or Switzerland, Libya's bullion is in the country, said people familiar with the country's activities in the gold market.
Gata.org/FT.com






