10 countries with the largest gold reserves in the world
Countries with the largest gold reserves are typically those that have strong economic bases and have accumulated significant gold holdings to stabilise their currencies and economies.
As of the latest data, the following countries have the largest gold reserves:
1. United States
- Gold reserves: Approximately 8,133.5 tonnes
- The United States holds the largest gold reserves in the world, which represents a significant portion of its total foreign exchange reserves. Most of this gold is stored in Fort Knox, Kentucky, and the Federal Reserve Bank of New York.
2. Germany
- Gold reserves: Approximately 3,352.3 tonnes
- Germany has the second-largest gold reserves. The country has repatriated a significant portion of its gold reserves back to Frankfurt from locations such as the United States and France to ensure security and closer control.
3. Italy
- Gold reserves: Approximately 2,451.8 tonnes
- Italy maintains large gold reserves, which have been a significant part of its economic strategy, providing stability to its financial system.
4. France
- Gold reserves: Approximately 2,436.4 tonnes
- France has long been a holder of significant gold reserves, which are managed by the Banque de France. Gold is considered an essential element of the country’s economic stability and sovereignty.