Gold reserves are a safe asset and store of value for any country. This makes them prove to be a valuable asset in times of conflict. In addition, possession of gold reserves allows a country to purchase goods and services in other countries at important times. In total, gold reserves of countries are worth about $7.6 trillion, according to the World Gold Council.
Today, we will be focusing on the top 10 countries with the largest gold reserves.
The United States is the leader with the most gold reserves of 8,133 tonnes. It is followed by Germany at 3,369 tons and the International Monetary Fund (IMF), which stands at 2,717 tons. The fourth and fifth on the list are Italy and France, each holding 2,451 and 2,436 tonnes respectively.
In sixth place is China with 1,948 tonnes, followed by Switzerland at 1,040 tonnes. Unsurprisingly, Russia is also in the top 10, possessing 1,899 tonnes of gold. The world’s richest country, the United Arab Emirates, stands next with 1,683 tonnes.
In ninth place is Japan with 765 tonnes, and India rounds off the list of top 10 countries with 618 tonnes.
Apart from the top 10 countries on this list, there are also some important countries that are close to breaking into the list. These countries include Netherlands (606 tonnes), Taiwan (542 tonnes), Portugal (382 tonnes), Turkey (364 tonnes) and Kazakhstan (308 tonnes).
In conclusion, gold reserves are important for any country. It is no surprise that most of the top 10 countries with the highest gold reserves are some of the most powerful, richest countries in the world. With their combined total of 16,204 tonnes, these 10 countries own around two-thirds of the world’s total gold reserves.
Gold reserves are a safe asset and store of value for any country. This makes them prove to be a valuable asset in times of conflict. In addition, possession of gold reserves allows a country to purchase goods and services in other countries at important times. In total, gold reserves of countries are worth about $7.6 trillion, according to the World Gold Council.
Today, we will be focusing on the top 10 countries with the largest gold reserves.
The United States is the leader with the most gold reserves of 8,133 tonnes. It is followed by Germany at 3,369 tons and the International Monetary Fund (IMF), which stands at 2,717 tons. The fourth and fifth on the list are Italy and France, each holding 2,451 and 2,436 tonnes respectively.
In sixth place is China with 1,948 tonnes, followed by Switzerland at 1,040 tonnes. Unsurprisingly, Russia is also in the top 10, possessing 1,899 tonnes of gold. The world’s richest country, the United Arab Emirates, stands next with 1,683 tonnes.
In ninth place is Japan with 765 tonnes, and India rounds off the list of top 10 countries with 618 tonnes.
Apart from the top 10 countries on this list, there are also some important countries that are close to breaking into the list. These countries include Netherlands (606 tonnes), Taiwan (542 tonnes), Portugal (382 tonnes), Turkey (364 tonnes) and Kazakhstan (308 tonnes).
In conclusion, gold reserves are important for any country. It is no surprise that most of the top 10 countries with the highest gold reserves are some of the most powerful, richest countries in the world. With their combined total of 16,204 tonnes, these 10 countries own around two-thirds of the world’s total gold reserves.
