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 the 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 with 49 tons.

Rank	Country	Tonnes
1	United States	8.133
2	Germany	3.367
3	Italy	2.452
4	France	2.436
5	Russian Federation	2.279
6	China	1.948
7	Switzerland	1.040
8	Japan	765
9	India	635
10	Netherlands	612
11	Turkey	429
12	Taiwan	422
13	Kazakhstan	387
14	Portugal	383
15	Uzbekistan	334
16	Saudi Arabia	323
17	United Kingdom	310
18	Lebanon	287
19	Spain	282
20	Austria	280
21	Poland	229
22	Belgium	227
23	Philippines	198
24	Algeria	174
25	Venezuela	161
26	Thailand	154
27	Singapore	127
28	Sweden	126
29	South Africa	125
30	Mexico	120
31	Libya	117
32	Greece	114
33	Republic of Korea	105
34	Romania	104
35	Iraq	96
36	Australia	80
37	Egypt	79
38	Kuwait	79
39	Indonesia	78
40	Brazil	68
41	Denmark	67
42	Pakistan	65
43	Argentina	62
44	Finland	49
45	Belarus	49

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