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With more than 8 thousand tons of the valuable metal, the largest gold reserve in the world has been located in a single place for years, check it out!
The central banks of all countries in the world have changed their strategies and since 2010 they have become those that sell more than they buy, in relation to gold. In mid-2018, activity grew by around 36% in the sector, reaching 366 tons, a considerable increase compared to previous years. Nowadays the scenario is no different, as gold appreciates in the market year after year, remaining at the top of the most sold/bought metals worldwide. And since 2017, a country has occupied 1st place in the ranking of the 10 central banks with the largest gold reserves in the world.
Country with the largest gold reserves in the world
Largest gold reserve in the USA: Since 2017, the United States has been in 1st place with the largest gold reserves in the world, having more than 8 thousand tons of gold in its coffers. Next comes Germany, with more than 3 thousand tons of gold and Italy, with more than 2 thousand tons.
During the economic system of Bretton Woods, the US offered to hold the gold in exchange for dollars. There are reports that at least 95% of the world's gold reserves were kept by the Americans. Years later it was found that the largest gold reserve in the USA was consolidated precisely at that time, as more than 75% of foreign reserves remain in US coffers.
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In contrast, we have the Russia as the largest buyer of gold, with more than 224 tons, according to research by GFMS, a consultancy specializing in metals market analysis. The year 2018 saw strong demand for gold, according to the World Gold Council (WGC). The WGC found that demand in the first quarter of 2018 grew by around 42%, with total purchases of 116,5 tonnes of gold.
See the list of countries with the largest gold reserves in the world
10 – India
The Bank of India holds around 557,3 tonnes of gold. The value is equivalent to 9,9% of the country's reserves. With a population of 1,25 billion people, India can be considered one of the largest consumers of the metal.
09 – Netherlands
The Netherlands has around 52% of its reserves in the form of gold, equivalent to 612,45 tons. With the security problem in Amsterdam, the country transferred around 139 thousand kilograms of gold to the Cash Center in 2022.
08 – Japan
Since the 60s, Japan has been expanding its gold reserves, currently holding around 765,2 tons of the precious metal, totaling 2,4% of its foreign reserves.
07 – Switzerland
Switzerland has 6,7% gold reserves, around 1.040 tons. During the Second World War, the country established itself as a gold trading center, but currently that role lies with Hong Kong and China.
06 – Russia
Russia's gold reserve currently has around 970 tons, consolidated as the largest buyer of gold in the world.
05 – Chinese
As the world's largest gold producer, China currently has 2.257 tons of gold in its coffers.
04 - France
France has around 2.435,7 tons of gold in its reserves. Despite the drop in investments in the metal, the country remains in 4th place in the ranking of the largest gold reserves in the world.
03 – Italy
In 3rd place, Italy currently has around 2.451,8 tons of gold in its coffers. Unlike other countries, Italy has not had many fluctuations in the value of its coffers.
02 – Germany
In 2nd place, Germany currently has 3.381 tons of gold, around 68,9% of its foreign reserves. In 2017, the Central Bank of Germany made an announcement, saying it would repatriate around 743 tons of gold from the vaults of Paris and New York, valued at more than 30 billion dollars. This measure was necessary to increase confidence in the metal's production and put an end to concerns about Germany's gold reserves falling into Russian hands.
01 – United States
And leading the ranking, consolidated for years as the largest gold reserve in the world, the United States has more than 8 thousand tons of gold in its coffers. Even though the last 50 years have seen some declines in investments and the like, the largest gold reserve in the USA still holds around 74,9% of the international precious metal.
In fact, the United States is one of the few countries with the most stabilized gold reserves in the world, something that guarantees North Americans this well-deserved 1st place.
“Deserved first place”?! The United States accumulated so much gold because it promised to use it as a backing for the value of the dollar. But it abandoned the gold backing in the 70s. It dealt a blow to the rest of the world.
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Where does Brazil fit into the world ranking of gold reserves??? It seems that our politicians are handing over all our wealth to foreigners, which is why our country is not moving forward, and there are many people in poverty.
LOL elect the Terrorist faction again in 2026…then, we will have, in fact, the total BLACKOUT… LOL