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The 10 countries with the largest piles of gold



Getty Images / Dario Pignatelli / Bloomberg

  • The volume of gold purchased by central banks in 2018 rose to its highest level since the end of the gold standard almost half a century ago.
  • This trend has continued this year, with February being the most monthly purchase for four months.
  • The United States has the largest amount of reserves – here are the countries closest to the back.

In 201

8, the volume of gold purchased by central banks rose to its highest level since almost half a century ago.

This trend has continued into this year, with February seeing the monthly purchases in four months. Here is how much each country held at the beginning of April 2019, according to the latest available data from the International Monetary Fund and the World Gold Council.


10. India

Reuters / Dansk Siddiqui

Official gold reserves: 608.7 tonnes

Percentage of foreign reserves in gold: 6.4%

As the world economy slows, emerging markets looked at increasing the attitude of the yellow metal. In India, reserves have been steadily increasing since August.


9. Dutch

Michael Dalder / Reuters

Official gold reserves: 612.5 tons

Percentage of foreign exchange reserves in gold: 65.9%

The Netherlands has also moved to bring the gold reserves closer to home In recent years. In 2014, the Dutch central bank said that repatriating some of its holdings from New York would have a positive impact on public confidence. "


8. Japan

Reuters

Official gold reserves: 765.2 tonnes

Percentage of gold reserves: 2.5%

Japan's share of world foreign exchange reserves rose to a 15 year high at 5.2% last year, according to the IMF, but only gold represents a relatively small part of it, about the same percentage as China


7. Switzerland

KEYSTONE / Martin Ruetschi

Official gold reserves: 1,040 tons

Percentage of foreign currency reserves in gold: 5.5%

With a population of approximately 8.4 million, Switzerland is said to have the largest gold reserves per capita.


6. ] REUTERS / Damir Sagolj

Official gold reserves: 1,874.3 tons

Percentage of foreign reserves in gold: 2.5%

As China pursues stimulus measures to soften blow of a long-awaited decline, the central bank has also steadily increased its gold stock, Mars marked the fourth pope the next month with gains.


5. Russia

AP Photo / Alexei Druzhinin, Pool

Official gold reserves: 2.150.5 tonnes

Percentage of foreign currency reserves in gold: 19.1%

In a bid for To reduce confidence In US assets, Russia has bought more of the yellow metal. The reserves have quadrupled over the past decade, according to Bloomberg.


4. France

REUTERS / Jacky Naegelen

Official gold reserves: 2,436 tons

Percentage of foreign currency reserves in gold: 61.1%

Last year, Reuters Bank of France reportedly began work to improve the quality of gold stocks. The move was intended to help it trade on the international market.


3. Italy

Bruno Vincent / Getty Images

Official gold reserves: 2.451.8 tons

Percentage of foreign currency reserves in gold: 66.9%

After the rise of the populist 5 Star Movement, the future of yellow metal in Italy seems uncertain. Earlier this month, Rome suggested that the official ownership of gold reserves be transferred from the bank to Italy to the public.


2. Germany

AP Photo / dpa / Frank Rumpenhors

Official gold reserves: 3,369.7 tonnes

Percentage of foreign currency reserves in gold: 70.6%

Germany repatriated billions of dollars & # 39; The value of gold in 2017 has a feature of central banks in the euro area taken to strengthen public confidence. Some of their reserves were previously held in Paris and New York.


1. United States

Reuters / David Gray

Official gold reserves: 8133.5 tonnes

Percentage of gold reserves: 74.9%

The United States is reported to hold significantly more gold reserves than other countries – over twice in the next two countries together. Between 1913 and 1961, the Federal Reserve had to hold gold equal to 40% of the value of the currency.



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