Gold reserves are the amount of bullion that is held by the central bank or the treasury of the country. It contributes to the nation’s creditworthiness in the issuance of currency and bonds. Gold reserves that are held by the government should be distinguished from gold held by individuals or private institutions.
According to the World Gold Council, the official gold reserves in the whole world amount to almost 35,000 tons, or 13 percent of total official reserves (as of Q1 2020). The concept of holding gold reserves started more than a century ago. Countries then strictly adhered to a practice known as the gold standard.
After this brief introduction, let’s see now the ranking of the 50 countries that have the largest gold reserves in the world.
At the top of the ranking of the countries that have the most gold in the world are the USA with 8133 tons of gold, followed by Germany with 3367 tons and Italy with 2452 tons. In fourth place is France with 2436 tons, followed by Russia with 2279 tons and China with 1948 tons of gold.
In the last three places of the gold reserve ranking we find Qatar with 42 tons, Bulgaria with 41 tons and Malaysia with 39 tons of gold.
|33||Republic of Korea||105|
The data on the gold reserves of the various countries have been collected on the main financial sites and are from April 2020.