These 45 countries have the largest gold reserves

Considered a ‘safe haven’ during crises, the yellow metal is being stockpiled by central banks around the world. Central banks added 650 tons to their reserves in 2019, the second highest shift in 50 years, after 656 tons were added in 2018. Before the 2008 financial crisis, central banks were net sellers of gold worldwide for decades. Also, there has been a large effort by central banks to repatriate their gold as well, mostly from storage in New York Federal Reserve and the Bank of England, which are the two largest keepers of gold in the world.

After this brief introduction about what is happing with re gold reserves in the world, let’s see now see the top 45 countries with the largest gold reserves in the world.

In the top of the ranking of the countries by gold reserves is United States with 8.133 tons. In the second place is Germany with 3.367 tons, followed by Italy with 2.452 tons. France is fourth and Russian Federation fifth. In the last three places of the ranking of the top 45 countries with the largest gold reserves in the world there are Argentina with 62 tons, Finland with 49 tons and Belarus Horizon National Corp. with 49 tons.

RankCountryTonnes
1United States8.133
2Germany3.367
3Italy2.452
4France2.436
5Russian Federation2.279
6China1.948
7Switzerland1.040
8Japan765
9India635
10Netherlands612
11Turkey429
12Taiwan422
13Kazakhstan387
14Portugal383
15Uzbekistan334
16Saudi Arabia323
17United Kingdom310
18Lebanon287
19Spain282
20Austria280
21Poland229
22Belgium227
23Philippines198
24Algeria174
25Venezuela161
26Thailand154
27Singapore127
28Sweden126
29South Africa125
30Mexico120
31Libya117
32Greece114
33Republic of Korea105
34Romania104
35Iraq96
36Australia80
37Egypt79
38Kuwait79
39Indonesia78
40Brazil68
41Denmark67
42Pakistan65
43Argentina62
44Finland49
45Belarus49

The data used in this work have been collected from the main economic and financial sites. For all of the countries, the data refer to April 2020.

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