10 Countries with Largest Gold Reserves

See the ten countries with the biggest gold holdings according to a latest report by the World Gold Council. 

The World Gold Council, an association whose 21 members comprise the world’s leading gold mining companies has published its latest report on world gold reserves – gold held by national central banks around the world as a guarantee to redeem promises or secure a currency.

The International Monetary Fund maintains statistics of national central bank assets, and the same data is used by the World Gold Council to report official gold holdings of various countries and organizations. Gold reported by a country is not necessarily stored there.

Latest numbers on the World Gold Council’s table are from August 2014.

Below are the ten countries with the largest gold reserves in tonnes:

10. India

Official gold holdings:
557.7

Percent of foreign reserves in gold:
7.3%

9. Netherlands

Official gold holdings:
612.5

Percent of foreign reserves in gold:
54.3%

8. Japan

Official gold holdings:
765.2

Percent of foreign reserves in gold:
2.5%

7. Switzerland

Official gold holdings
1,040.0

Percent of foreign reserves in gold
8.0%

6. China

Official gold holdings:
1,054.1

Percent of foreign reserves in gold:
1.1%

5. Russia

Official gold holdings:
1,094.7

Percent of foreign reserves in gold:
9.7%

4. France

Official gold holdings:
2,435.4

Percent of foreign reserves in gold:
65.1%

3. Italy

Official gold holdings:
2,451.8

Percent of foreign reserves in gold:
67.0%

2. Germany

Official gold holdings:
3,384.2

Percent of foreign reserves in gold:
68.4%

1. United States<

Official gold holdings:
8,133.5

Percent of foreign reserves in gold:
71.9%

If the International Monetary Fund (IMF) was a country, it would be right behind Germany as the third largest holder of gold reserves – IMF holds 2,814.0 tonnes of gold.

Sources:

The World Gold Council

Wikipedia

Image by Rob Lavinsky