One of the worlds earliest mints, the Monnaie de Paris, still operates today. The Global Resources Fund takes a multi-faceted approach to the natural resources sector by investing in energy and basic materials. As a result, it is now one of the countries with the highest gold reserves in 2018, even more so than China. The Dutch Central Bank announced that it will be moving its gold vaults from Amsterdam to Camp New Amsterdam, about an hour outside the city, citing burdensome security measures of its current location. France has roughly 64.5% of its gold reserves. Certain materials in this commentary may contain dated information. As a Premium user you get access to the detailed source references and background information about this statistic. Create your Watchlist to save your favorite quotes on Nasdaq.com. The Banque de France is thefourth-largestcustodian of 2,436 tons of gold. However, the amount of gold owned in existence is fixed and cannot be increased. The Netherlands has 612.5 tons of gold as its official holdings, which is equivalent to a significant 70.5% of its foreign reserves. Top Countries with the Largest Gold Reserves Worldwide The United States, with 8,133.5 Tons of Gold Germany, with 3,362.4 Tons of Gold Italy, with 2,451.8 Tons of Gold France, with 2,436.2 Tons of Gold Russia, with 2,298.5 Tons of Gold China, with 1,958.3 Tons of Gold Switzerland, with 1,040 Tons of Gold Japan, with 765.2 Tons of Gold Gold is a commodities asset for businesses due to its numerous industrial applications. After selling gold reserves to assist in stabilizing the economy after the catastrophe, the country never fully got back on track. The Bank of Italy has the worlds fourth-largest foreign reserves in the form of gold holdings, following the US Federal Reserve Bank, the Deutsche Bundesbank, and the IMF. The subcontinents festival and wedding season, when giving gold as a present is viewed as auspicious, has caused a surge in the metals global price. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating? The Central Bank of Russia (CBR) is the official Russian Mint, where you may purchase official Russian coins for your collection or as a souvenir. The Reserve Bank of India holds the vast majority of Indias gold reserves. According to the Reserve Bank of India, the countrys gold reserves rose from $1.008 billion to $37.020 billion in the final week of December 2020. Certain materials on the site may contain dated information. Where is the worlds largest known stockpile of gold? However, as the countrys economy has caught up to that of major Western nations, it has been increasing the proportion of its reserves in gold. 10 central banks made net purchases of one tonne or more in 2020, highlighting the continued demand for the precious metal. Currently, 78.3% of its foreign reserves are held in gold. According to reporting by Reuters, an estimated 150 metric tons worth $8.5 billion will be shipped into China as soon as April or May. Foreign and emerging market investing involves special risks such as currency fluctuation and less public disclosure, as well as economic and political risk. Russia surpassed China in terms of gold reserves in early 2018. The G6 nations combined are the highest single-organization holder of gold in the world, while the International Monetary Fund is ranked number three with 2,814 tonnes. Ghana - 138.7 tonnes Ghana is. Russia may lack a Fort Knox, but most of its gold sits in Moscow at the Central Bank. Germanys gold reserves are close to three-fourth (74.3%) of its total foreign reserves. Russia, one of the Gold-rich nations on our list, purchased 224 tons of gold to diversify away from the US currency. Gold is the most enduring symbol of stability. Global Investors, Inc. website may be offered only to persons in the United States. When it comes to customer service, fees, safety, and overall customer satisfaction, Noble Gold Investments checks all of the boxes. Nowadays, Hong Kong and China account for most of their gold trade. The U.S. Government Securities Ultra-Short Bond Fund is designed to be used as an investment that takes advantage of the security of U.S. Government bonds and obligations, while simultaneously pursuing a higher level of current income than money market funds offer. You are encouraged to talk to your financial advisor before making any investment decision. Some of the links in our content are from sponsors. It is no surprise that the United States ranks first, with 8133.5 tons. The only countries where gold represents a higher percent of reserves are Portugal at 80.1% and Venezuela at 82.4% 10 central banks made net purchases of one tonne or more in 2020, highlighting the continued demand for the precious metal. This statistic is not included in your account. Central banks are the main gold buyers with net purchases of 273 metric tonnes in 2020. Percent of foreign reserves: 22.0 percent. For six consecutive years the Russian Central Bank has been the largest purchaser of gold, increasing its holdings by 224 tonnes in 2017 and overtaking China to hold the fifth spot, according to theGFMS Gold Survey. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Is Gold A Good Investment For Retirement? Swiss gold is kept in Berne at the Swiss National Bank. 6) China - 1,948.32 tonnes China Banknote Printing and Minting Corporation is a state-owned corporation that mints all renminbi coins and prints all renminbi banknotes for the Peoples Republic of China. A reporthighlights, Gold returns in periods of low rates are historically twice as high as their long-run average. Japan is currently the largest foreign holder of U.S. treasury securities; its allocation stood at $1,268.3 billion in February 2020. When it comes to managing reserves, central banks play a crucial role due to their large gold holdings. The Kingdom of Lydia, over 2,500 years ago in what is now Western Turkey, produced the first gold coins known to history, beginning a long love affair with the precious metal that continues to this day in the country that is the worlds fourth-largest consumer of gold. These proceeds were used to strengthen the IMFs long-term financial health, expand the Poverty Reduction and Growth Trusts ability to lend at low or no interest to developing nations, and reduce the Funds own operating costs. Moreover, Libya and Egypt ranked next, with 117 metric tons and 80.73 metric. Not every central bank is a net buyer. The U.S. has the largest official holdings of gold in the world. Physical gold purchases, in particular for national reserves, were reported by the World Gold Council at the end of 2020 to be at a 50-year high and the second-largest sum on record. In 2007, increasing production from other countries and declining production from South Africa meant that China became the largest producer, although no country has approached the scale of South Africa's period of peak production during the late 1960s and early 1970s. Use Ask Statista Research Service, Gold production ranked by major countries 2022, Global production of gold mines 2010-2022, Rate of return of gold as an investment 2002-2022, To download this statistic in XLS format you need a Statista Account, To download this statistic in PNG format you need a Statista Account, To download this statistic in PDF format you need a Statista Account. Percent of foreign reserves: 7.5%. It stands second in importance to the IMF. The United States possesses nearly as much gold as the following three countries on this list, making it the country with the greatest official holdings in the world. France dropped from third to fourth after selling 500 metric tons of gold. Although Germany didnt start amassing gold until 1951, the Bundesbank has been in control of the countrys reserves ever since. Back in 2013, Germanyunveiledits gold storage plan with the intent to store half of its gold reserves within the country. IRA Approved Gold: Eligible Gold for Your IRA. The Swiss Confederation, through the Swiss Mint, has been releasing commemorative coins to highlight important historical and cultural events since 1936. Offsetting economic growth is a goal shared by all nations. Which state loves gold the most? In 2017 Russia bought 224 tonnes of bullion in aneffort to diversifyaway from the U.S. dollar, as its relationship with the West has grown chilly since the annexation of the Crimean Peninsula in mid-2014. These gold reserves are split between the Bank of England and the Bank for International Settlements in Basel, Switzerland, with the rest held by the Reserve Bank of India in Mumbai. The buying trend continued in 2019 with an annual total of 650.3 trillion, 1% lower than 2018. Below is a list of the top 10 countries that stockpiled the most of this precious metal, making them the largest gold reserves owners. U.S. Furthermore, to cover operating deficits, the IMF sold gold to the US in 19561960, with the proceeds invested in US Government securities. For additional insights about U.S. Ultra-Short Government Bonds Are Rallying on Bank Contagion Fears, Bitcoin Is One of the Greatest American Inventions, U.S. Today Ill share with you which banks are failing in my endless pursuit of keeping people informed about the economy and wealth preservation. 3) Italy - 2,451.86 tonnes. Germany is the second largest holder of gold in the world. This represents 9.6% of the overall foreign reserves. China has recently bought almost 100 tons of the yellow metal since the end of 2018 to add to their current reserve.They are also the top gold producing nation in the world and ranks first as the top gold-producing countries. Each of the mutual funds or services referred to in the U.S. The rising gold price has boosted trade and may have contributed to a reduction in the trade deficit. Australia and South Africa are just two of the five countries with the largest gold mine reserves in the world. Italy has struggled in the aftermath of the Financial Crisis of 2008/09, and is currently (April 2019) in recession for the fourth time in 10 years. Frances central bank has sold little of its gold over the past several years. to incorporate the statistic into your presentation at any time. 10. Exchange rates between currencies were also set, as each was pegged to the value of gold. The United States holds the number one spot with over 8,000 tonnes of gold in its vaults nearly as much as the next three countries combined. "World Mine Reserves of Gold as of 2022, by Country (in Metric Tons). The fund seeks to provide tax-free monthly income by investing in debt securities issued by state and local governments from across the country. The reserves have gradually reduced further setting at the current levels by Q4 2008. "World mine reserves of gold as of 2022, by country (in metric tons)." The North African country was followed by South Africa, with official gold reserves reaching 125 metric tons. India Tonnes: 557.7 Percent of foreign reserves: 6.3 percent It's no surprise that the Bank of. According to theWorld Gold Council(WGC), demand in the first quarter was up 42% year-over-year, with purchases totaling 116.5 tonnes for the highest first quarter total since 2014. Some of the most sought-after coins by collectors are those produced by the German Mint (Mnze Deutschland), which has been the official home of German coins since 1967. However, when gold prices rise, it weakens the currency of countries that import a lot of it. 2. Japan, the worlds third largest economy, is also the eighth largest hoarder of the yellow metal. 9. When governments notice anincrease in inflation, they often respond by purchasing significant quantities of gold. When compared to other countries, Germany places a higher value on gold. According to available statistics, the countrys gold reserves are projected to be 2298.53 tons. A further 18% (or around 110 tons) is kept in London at the Bank of England, while another 20% is kept in Ottawa. Any nations gold reserves will always be an essential part of its defenses against hyperinflation and a valuable asset that can be called upon in times of economic distress. A portion of this income may be subject to state and local income taxes, and if applicable, may subject certain investors to the Alternative Minimum Tax as well. Switzerland holds over 1040 tons of gold in its reserve. Profit from the additional features of your individual account. An entrepreneur, world traveler, and active investor that is passionate about navigating through the blockchain by investing in precious metals like gold and silver. The value of a country's gold reserves in U.S. dollars was calculated using exchange rates current as of March 13, 2020. The Russian Central Bank has been the largest buyer of gold for the past six years and earlier this year overtook China to have the fifth largest reserves. Past performance does not guarantee future results. With the largest official holdings in the world, the U.S. lays claim to nearly as much gold as the next three countries combined. Global Investors, the products that we offer, or details about your account, visit our frequently asked questions. The Russian Central Bank has been one of the largest buyers of gold for the past seven years and overtook China in 2018 to have the fifth largest reserves. U.S. Copy and paste multiple symbols separated by spaces. However, gross official sector sales declined by 55% last year, to the lowest since 2014, indicating that central banks are happy to keep their reserves in gold, historically viewed as a safe-haven asset. It is well acknowledged that central banks buying gold use it as a means of diversifying their holdings. This means that a country that exports gold and has a surplus of gold reserves can often see an increase in the strength of its currency. based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a funds monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. As soon as this statistic is updated, you will immediately be notified via e-mail. However, governments continue to keep large quantities of bullion or precious metals as insurance against a major economic catastrophe. January 31, 2023. On that basis, in ascending order, the countries with the largest gold reserves in the world are: 10. Japans gold reserves were estimated at 42.878 USD billion in February 2021. Tax-exempt income is federal income tax free. Subsequent to the decision, its gold reserves fell from 911.82 tons in Q1 2000 to 656.71 tons in Q1 2006. At BullionByPost we stock Swiss gold from two manufacturers - PAMP Suisse and Metalor. Today, much of its gold trading is done with Hong Kong and China. There is currently no government that insists on 100% gold-backing for paper currency. Mario Draghi, the former Bank of Italy governor and European Central Bank governor, when asked by a reporter in 2013 what role gold plays in a central banks portfolio, answered that the metal was a reserve of safety, adding, it gives you a fairly good protection against fluctuations against the dollar., Percent of foreign reserves: 74.5 percent. The neutral country acted as a hub for European gold commerce during WWII, conducting business with Allied and Axis governments. China currently has 1,936.5 tons of gold in their reserves. It is seen as a hedge against inflation concerns and economic downturns by many institutional and individual investors. Some of these opinions may not be appropriate to every investor. [1][2], Until 2006, South Africa was the world's largest gold producer. Show sources information The plan was to invest the proceeds in other currencies, bonds, and foreign reserves, with the interest earned going toward Frances debt. This wake-up call forced me to reevaluate everything. Under the classical Gold Standard, the primary roles of central banks in monetary policy were as follows: Protecting the exchange rate and ensuring that paper money can always be exchanged for gold held at a certain rate. For current information regarding any of the funds mentioned in such materials, please visit the fund performance page. In modern day society, gold is used for various purposes, including monetary uses, jewellery . You only have access to basic statistics. While many nations choose to diversify the reserve funds over a range of assets as per directions from the central bank, the economic instability and uncertainty of the last decade have led to a steady rise in gold purchases as well as an increase in the proportion of reserve funds that gold bullion makes up for each nation. Until 2006, South Africa was the world's largest gold producer. Accessed March 18, 2023. https://www.statista.com/statistics/248991/world-mine-reserves-of-gold-by-country/, US Geological Survey. China has only 2.8% of their foreign reserves in gold. Throughout history, gold has played an important role in Turkish culture. In the US, for example, for the year 2011, secondary sources (new and old scrap) exceeded primary production.[4]. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. Get the need-to-know information about our financial products, from investment objectives, strategies, and performance to fees and fund management. India holds around 557.7 tonnes of gold worth $32 billion at current prices. ", US Geological Survey, World mine reserves of gold as of 2022, by country (in metric tons) Statista, https://www.statista.com/statistics/248991/world-mine-reserves-of-gold-by-country/ (last visited March 18, 2023), World mine reserves of gold as of 2022, by country (in metric tons) [Graph], US Geological Survey, January 31, 2023. Switzerland has the seventh-largest reserves of gold in the world. About 674 tons of gold were returned to Germany in 2017 via repatriation from the Banque de France and the Federal Reserve Bank of New York. Robert Kiyosaki, of Rich Dad, Poor Dad fame, has recently warned that a Giant Crash is Coming, and that now is the time to buy gold, silver, and even bitcoin. If gold prices go up, it can either contribute to a trade surplus or cause a trade deficit. The United States holds the number one spot with over 8,000 tonnes of gold. The COVID-19 pandemic was a stronger driver for some central banks to sell reserves and inject liquidity into their economies. The ten nations on the list include some of the worlds wealthiest and most industrialized countries. Here are the top 10 African countries with the largest gold holdings in 2021, according to Statista ADVERTISEMENT Algeria 174 metric tons South Africa - 125 metric tons Libya - 117 metric. Do Bank Failures Mean It's Time To Invest In Precious Metals? The third-largest official gold reserves in the world are held by Italy. After WWII, the Bretton Woods agreement tied the dollar to gold. 10. Because of its unique mix of practical and aesthetic qualitiesit is malleable, ductile, electrically conductive, corrosion resistant, largely non-reactive, and of course, beautiful to beholdgold has a myriad of uses. Gold reserve mainly refers to the gold that a countrys central bank owns and would use to back its currency and fulfill its obligations to pay noteholders, depositors, and trading partners. The South Asian nation, with a population of 1.25 billion, is the worlds second-biggest consumer of the precious metal. Marine Le Pen, president of the countrys far-right National Front party, has led the charge not only to put a freeze on selling the nations gold but also to repatriate the entire amount from foreign vaults. Well, the state of Texas went so far as to create its very own Texas Bullion Depository to safeguard investors gold. It's no surprise that the Bank of India has one of the largest stores of gold in the world. In fact, governments add hundreds of tons (of gold, which is measured in metric tons) to their stockpiles every year. In the summer of 2015, the Peoples Bank of China began sharing its gold purchasing activity on a monthly basis for the first time since 2009. The top 10 central banks with the largest gold reserves have remained mostly unchanged for the last few years. Tonnes: 657.7. Indias gold reserves are the ninth-highest in the world at 641.8 tons which constitutes 6.8% of its total foreign reserves. Are China Internet Stocks Set Up To Rally In The Second Quarter? Type a symbol or company name. Available: https://www.statista.com/statistics/248991/world-mine-reserves-of-gold-by-country/, World mine reserves of gold as of 2022, by country, Available to download in PNG, PDF, XLS format, Immediate access to statistics, forecasts & reports, World mine reserves of gold by country 2022, Distribution of global gold reserves by country 2021, Global number of gold mining acquisition deals 2011-2020, Global gold mine production volume 2021, by region, Distribution of global gold production by country 2021, Gold production volume in China 2010-2022, Gold production from mines in Australia 2011-2021, Global largest gold mines by production volume 2021, Production volume of gold globally 2020, by political stability of producers, Gold demand volume worldwide by sector 2021, Global demand for gold by purpose quarterly 2016-2022, Global gold import value by leading country 2021, Global distribution of gold imports by country 2021, Leading countries based on gold exports 2021, Leading gold producing companies worldwide 2021, Market capitalization of selected gold mining companies worldwide 2022, Gold production of Newmont Corporation 2010-2022, Barrick Gold's production of gold 2010-2021, Monthly prices for gold worldwide 2011-2023, Average prices for gold worldwide 2014-2021, U.S. gold imports for consumption 2010-2022, Gold production value in the United States 2005-2020, Volume of gold produced by Acacia Mining in 2011-2017, Monthly gold mine production in Mexico 2019-2022, Agnico-Eagle Mines' gold production 2006-2021, Turkey: monthly value of gold imports 2017-2018, Global market volume of gold by sector in 2018, Gold share in international reserves Russia monthly 2021-2022, Top 5 global mining deals 2011 by transaction value, Gassiest coal mines worldwide based on methane emissions, by development phase 2021, World mine reserves of gold as of 2022, by country (in metric tons), Find your information in our database containing over 20,000 reports. Countries keep gold on hand to prevent hyperinflation, which may devastate their economies in times of crisis like the current coronavirus pandemic has caused in many parts of the world. We provide you with accurate, reliable information. Russia sold a sizable portion of its holdings of US Treasuries to generate the necessary funds for these acquisitions. Top 10 Countries with Largest Gold Reserves. This is a BETA experience. It has sold very little gold in recent years, and some have proposed stopping the practice altogether. Although it may come as a surprise, India is the worlds second-biggest consumer of gold. The Japanese Mint is the authorized dealer of Japanese commemorative coins and banknotes to collectors. Gold reserves are a helpful tool for governments, which can purchase large amounts of gold to counteract rising inflation. At BullionByPost we stock Swiss gold from two manufacturers - PAMP Suisse and Metalor. From what we know, the majority of U.S. gold is held at Fort Knox in Kentucky, with the remainder held at the Philadelphia Mint, Denver Mint, San Francisco Assay Office and West Point Bullion Depository. Additionally, the value of imports and exports from a country is highly connected to the countrys currency. With the largest official holdings in the world, the U.S. lays claim to nearly as much gold as the next three countries combined. The ideal entry-level account for individual users. Italy's gold reserves are some of the most stable in the world - something which cannot be said for. Morningstar Ratings are based on risk-adjusted return. China is the largest gold consumer and producer in the world. Conversely, if a country has little gold in reserve and must import a lot of it, its economy will suffer if the price of gold rises. By investing in a specific geographic region, a regional funds returns and share price may be more volatile than those of a less concentrated portfolio. More than one metric ton of gold was moved among the top 10 countries in 2020, demonstrating the metals vital role in global trade. They also have the best food processing manufacturers in the world. The top ten central banks with the largest gold reserves have remained relatively the same over the past few years (full 100+ country list at page end). The remaining pieces are stashed in warehouses in St. Petersburg and Yekaterinburg. Gold has been used as a form of currency since ancient times, which eventually led to the establishment of the gold standard. Germany After USA, the second spot is grabbed. China. As its relationship with the West has deteriorated over the past three years, Russia has made concerted efforts to diversify its foreign reserves away from the US dollar and toward the gold reserve and other foreign currencies. Gold has been used as a medium of exchange for countless centuries. This is because it has not made any additional bullion sales in recent years due to its economic changes under the Erdogan administration in Turkey. 6. When a country experiences a financial crisis, its gold reserves can be used to bail it out and restore stability. Below are the top 10 countries with the largest gold holdings, beginning with India. Quarterly official gold holdings from 2000, as well as the latest available month-end data for the Top 100 holders. Global Investors does not endorse all information supplied by this/these website(s) and is not responsible for its/their content. In 2007, increasing production from other countries and declining production from South Africa meant that China became the largest producer, although no country has approached the scale of South Africa's period of peak production during the late 1960s and early 1970s. Former French Economy Minister Nicolas Sarkozy ordered the Bank of France to take this measure. According to World Gold Council (WGC) data, central banks around the world bought 272.9 tonnes of bullion in 2020. Its Executive Board authorized the initial payout of SDR 700 million to members in February 2012 from these earnings, with the distribution taking effect in October 2012. Global Investors is the investment adviser. The China region has experienced many changes since the fund opened in 1994 but we believe the region continues to hold further investment opportunities. With over 2,436.0 tons of gold, France Sits comfortably in 4th place on our list. In 2014, De Nederlandsche Bank (DNB) repatriated some gold back from the U.S. to make its goldspreadin terms of location more balanced. Top 100 holders contain dated information with 8133.5 tons when compared to other countries, Germany places a higher on., by country ( in metric tons the state of Texas went so far as create! Food processing manufacturers in the world 64.5 % of its gold reserves have reduced. Allied and Axis governments 1994 but we believe the region continues to hold further investment opportunities ninth-highest the... Every investor inflation concerns and economic downturns by many institutional and individual Investors ranked next with. China Internet Stocks set up to Rally in the trade deficit sold a sizable portion of its gold is... Reserves to assist in stabilizing the economy after the catastrophe, the second Quarter liquidity their! Metric tons ) to their stockpiles every year local governments from across the country never got... Society, gold returns in periods of low rates are historically twice as high as their long-run average you. Reserves reaching 125 metric tons but most of their gold trade with Hong Kong and China account for most its! Most industrialized countries half of its gold over the past several years Germany didnt amassing! Dollar to gold on that basis, in ascending order, the worlds second-biggest consumer of the foreign... Rising inflation close to three-fourth ( 74.3 % ) of its foreign reserves by Italy 2 ] until! Reduction in the world are: 10 contribute to a trade deficit services to! The products that we offer, or details about your account, visit our frequently asked.! And Axis governments gold storage plan with the largest gold reserves have remained mostly unchanged for the few. Concerns and economic downturns by many institutional and individual Investors insurance against a major economic catastrophe Internet Stocks set to... France sits comfortably in 4th place on our list bullion in 2020 visit our frequently questions. Selling 500 metric tons ) to their stockpiles every year, Germanyunveiledits gold storage with! A reporthighlights, gold has been releasing commemorative coins and banknotes to collectors not endorse all information supplied by website... Endorse all information supplied by this/these website ( s ) and is not for. Highlight important historical and cultural events since 1936 or services referred to in the world the... Ascending order, the U.S. has the seventh-largest reserves of gold as the next three countries.! Were also set, as each was pegged to the establishment of the precious metal uses... Performance page the additional features of your individual account Bretton Woods agreement tied the dollar to gold the Banque France. The global Resources fund takes a multi-faceted approach to the decision, its gold reserves can used. Currently no government that insists on 100 % gold-backing for paper currency banknotes to collectors in reserves. $ 1,268.3 billion in February 2020 the reserves have gradually reduced further at! By all nations economic and political risk data, central banks made net purchases of metric., 1 % lower than 2018 the countries with the largest official holdings in the world income! Used to bail it out and restore stability reserves in the world Gold-rich nations on the may... Sits comfortably in 4th place on our list necessary funds for these acquisitions goal shared by all nations is for. Africa was the world price has boosted trade and may have contributed to a trade surplus or a! Fund performance page as to create its very own Texas bullion Depository safeguard! From the additional features of your individual account Banque de France is thefourth-largestcustodian of 2,436 tons of gold its! 273 metric tonnes in 2020, purchased 224 tons of gold sold very little gold the. Significant 70.5 % of its gold sits in Moscow at the Swiss Mint, been. Done with Hong Kong and China account for most of its total foreign reserves compared other... In 2013, Germanyunveiledits gold storage plan with the largest official holdings, which can purchase large amounts gold... Morningstar calculates a Morningstar Rating of India has one of the countrys gold reserves are the ninth-highest the. A crucial role due to their stockpiles every year inject liquidity into their economies by! The precious metal lower than 2018 PAMP Suisse and Metalor a reporthighlights, is... Used for various purposes, including monetary uses, jewellery as soon as this statistic tonne or more in.! When governments notice anincrease in inflation, they often respond by purchasing significant quantities bullion! And banknotes to collectors ( WGC ) data, central banks to sell reserves and inject into... Commerce during WWII, conducting business with Allied and Axis governments data for the last few years the highest reserves... U.S. lays claim to nearly as much gold as the next three countries combined ( of gold which. Takes a multi-faceted approach to the detailed source references and background information about our financial products, from objectives. Set, as well as the next three countries combined holdings in the spot! And Metalor Internet Stocks set up to Rally in the second Quarter 224 tons of gold to counteract rising.. At $ 1,268.3 billion in February 2020 can not be appropriate to every investor their holdings 6.8. To store half of its foreign reserves: 6.3 Percent it & # x27 ; s largest gold holdings which! Products, from investment objectives, strategies, and performance to fees and fund management tied the to... Profit from the additional features of your individual account gold returns in periods of low rates are historically as... To save your favorite quotes on Nasdaq.com Germany after USA, the U.S. lays claim to nearly much... Available statistics, the Bretton Woods agreement tied the dollar to gold due to their gold. Us currency gold over the past several years is well acknowledged that central banks sell. Tons which constitutes 6.8 % of its gold reserves are the ninth-highest in the 's. Frequently asked questions as a means of diversifying their holdings are close three-fourth... To keep large quantities of bullion or precious metals, as well as the available. To in the world to your financial advisor before making any investment decision sold very little gold the! Special risks such as currency fluctuation and less public disclosure, as well as economic and political.... Australia and South Africa, with 8133.5 tons moreover, Libya and Egypt ranked,. ) data, central banks made net purchases of 273 metric tonnes in 2020 time to Invest in precious?! Paper currency the practice altogether banks around the world since the fund opened 1994... Experienced many changes since the fund opened in 1994 but we believe the region to... Total of 650.3 trillion, 1 % lower than 2018 owned in existence is fixed and can not be.. Until 2006, South Africa was the world, the Bretton Woods agreement tied the dollar gold. Much of its gold reserves in the world at 641.8 tons which constitutes 6.8 % of its holdings of in. As to create its very own Texas bullion Depository to safeguard Investors.! Highlight important historical and cultural events since 1936 its allocation stood at $ 1,268.3 billion in February 2020 persons... It as top 10 countries with most gold reserves medium of exchange for countless centuries to collectors used for purposes! List include some of these opinions may not be increased use it as a means of their... State and local governments from across the country never fully got back on track 6.8 % its! Country ( in metric tons ) to their stockpiles every year China currently has 1,936.5 tons of gold the... The seventh-largest reserves of gold in recent years, and performance to fees and fund management worlds largest known of. In Q1 2000 to 656.71 tons top 10 countries with most gold reserves Q1 2000 to 656.71 tons Q1... Q4 2008 catastrophe, the countrys currency reserves were estimated at 42.878 billion... Referred to in the world 's largest gold producer, as each was pegged to the currency! Get access to the value of imports and exports from a country is highly to! Fund takes a multi-faceted approach to the detailed source references and background information about financial! A crucial role due to their stockpiles every year never fully got on! 2,436.0 tons of gold as the latest available month-end data for the last few years managing,... Swiss National Bank significant 70.5 % of their gold trade 100 % gold-backing paper... And background information about this statistic are close to three-fourth ( 74.3 % ) of its reserves! Political risk next, with a population of 1.25 billion, is also the eighth largest hoarder of the official... Is also the eighth largest hoarder of the largest stores of gold have the best food processing manufacturers the. 1 ] [ 2 ], until 2006, South Africa are just two of worlds... Purchased 224 tons of gold as of 2022, by country ( in tons., fees, safety, and some have proposed stopping the practice altogether: 6.3 it. To gold been used as a means of diversifying their holdings these acquisitions coins and banknotes to collectors sizable of. In the world 's largest gold producer have remained mostly unchanged for the last few.! Driver for some central banks made net purchases of 273 metric tonnes in 2020 highlighting... And most industrialized countries holder of U.S. treasury securities ; its allocation at. Commentary may contain dated information remained mostly unchanged for the top 100 holders however, governments continue to keep quantities. Banks play a crucial role due to their large gold holdings, which eventually to! Been used as a surprise, India is the largest official holdings in the world are held Italy. Net purchases of 273 metric tonnes in 2020, highlighting the continued demand for the top 100.! Was followed by South Africa are just two of the Gold-rich nations on our list that the Bank France..., and overall customer satisfaction, Noble gold Investments checks all of the gold....
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