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Top 10 countries with the largest “gold reserves” in the world

    Top 10 countries with the largest “gold reserves” in the world

    Top 10 countries with the largest “gold reserves” in the world

    Top 10 countries with the largest “gold reserves” in the world

    In 2018, the volume of gold bought by central banks rose to its highest level nearly half a century ago.
    This trend has continued into this year, with February seeing the most purchases per month in the past four months.
    Here, in descending order, is how much each country held in gold reserves as of early April 2019, according to the most recent data available from the International Monetary Fund and the World Gold Council.

    1. India

    Official gold holdings: 608.7 tons
    The ratio of foreign gold reserves: 6.4%
    With the global economy slowing, emerging markets have sought to increase their holdings of yellow metal. In India, reserves have been steadily increasing since last August.

    1. Netherlands

    official gold holdings: 612.5 tons
    The ratio of foreign gold reserves: 65.9%
    The Netherlands has also moved to bring its gold reserves closer to home in recent years. In 2014, the Dutch central bank announced that returning some of its holdings from New York would have a “positive effect on public confidence”.

    1. Japan

    official gold holdings: 765.2 tons
    Foreign gold reserves ratio: 2.5%
    Japan’s share of global foreign exchange reserves rose to a 15-year high of 5.2% last year, according to the International Monetary Fund, but gold accounts for only a relatively small portion Of that, about the same percentage as China.

    Top 10 countries with the largest “gold reserves” in the world

    1. Switzerland

    Official gold holdings: 1,040 tons
    Foreign reserves of gold: 5.5%
    Switzerland has a population of about 8.4 million and is said to have the largest per capita gold reserves.

    1. China’s

    official gold holdings: 1887.3 tons
    Foreign gold reserves ratio: 2.5%
    As China continues to take stimulus measures to ease the economic slowdown, its central bank has steadily increased its gold reserves, and March is the fourth consecutive month of gains.

    1. Russia

    Official gold holdings: 2,150.5 tons
    Foreign reserves of gold: 19.1%
    In an effort to reduce dependence on US assets, Russia has bought more of the yellow metal, and its reserves have quadrupled over the past decade, according to Bloomberg.

    1. France

    ‘s official gold holdings: 2,436 tons
    The proportion of foreign gold reserves: 61.1%
    Last year, Reuters reported that the Bank of France began work to improve the quality of its gold reserves, and the aim of this step was to help the country trade in the international market.

    1. Italy

    Official gold holdings: 2,451.8 tons
    The ratio of foreign reserves of gold: 66.9%
    After the emergence of the popular Five Star Movement, the future of yellow metal in Italy appears uncertain. Earlier this month, Rome proposed transferring official ownership of gold reserves from a bank in Italy to the people.

    the second country with the largest “gold reserves” in the world

    1. Germany

    Official gold holdings: 3,369.7 tons
    The ratio of foreign gold reserves: is 70.6%
    Germany returned billions of dollars worth of gold in 2017, a move the eurozone central banks took to boost people’s confidence, with some of its reserves held in Paris and New York.

    first country with the largest “gold reserves” in the world

    1. United States

    Official gold holdings: 8133.5 tons
    Foreign reserves of gold: 74.9%
    The United States holds much larger gold reserves than other countries, and between 1913 and 1961 the Federal Reserve was required to hold a significant amount of gold.