Which countries have the biggest gold reserves?

We bet when you check things like gold price today in Kanpur or Jaipur you often wonder about the prices of gold in other country. Well we do know that the amount of gold in a country affects the gold prices of that country. Gold reserves are a measure of a country’s wealth and a store of value. This is because gold doesn’t lose its value over time when compared to other currencies. The world has seen a lot of changes in recent years and during these changes, the world has seen many events that could result in several countries having their gold reserves diminished or depleted. In this article, we will look at which countries have the largest gold reserves today and who might have them tomorrow.

  1. United States

The United States is home to the world’s largest gold reserves, with an estimated 1,800 tonnes. The majority of these reserves are stored in Fort Knox, Kentucky, which was built as a military storage facility during World War II and currently houses about half of its gold.

  1. Switzerland

Switzerland is also home to the second largest amount of gold reserves in the world with approximately 1,500 tonnes stored at its Federal Central Bank. Most of these gold reserves were amassed during World War I, when Switzerland was forced to lock up its coins and bullion due to its lack of access to international markets.

  1. Russia

Russia has the third largest amount of gold reserves in the world with approximately 1,400 tonnes stored at its Central Bank headquarters in Moscow. Most of these gold holdings were amassed during World War II by Soviet leaders as a means of securing their nation’s currency stability against inflationary pressure from other countries around the world at that time period.

  1. Japan

The country ranked number one when it comes to gold reserves, with a total of 31.6 tonnes. The Japanese government controls all of the country’s gold reserves, which are kept in vaults at the Bank of Japan.

The country is also a significant producer of silver and copper ores, with many mines located in its west and south-west regions.

  1. India

India has the second largest amount of gold reserves in the world, with 30.8 tonnes (worth about $224 billion). It also has the third largest silver reserves at 14.5 tonnes (worth about $110 billion). India’s government along with its central bank RBI regulatee all sales and purchases from its gold and silver reserves, which are stored in various locations across the country. Due to the vast amount of gold in the country and efficient governmental policies metrics such as gold rate today bidar or elsewhere often seem lucrative and affordable.

  1. Netherlands

The Netherlands holds the second largest amount of gold reserves in the world, with 1,054 tons. The country has been a major producer of gold since the 16th century, when it first started mining for gold. It is still one of the largest producers and exporters of precious metals today.

  1. China

China holds more than 8,000 tons of gold reserves, making it the third largest holder of the metal after Germany and Switzerland. According to estimates from 2012, China has more than 3 million ounces (100 million troy ounces) worth $1 trillion at market prices – a figure that would make it one of the richest countries in terms of GDP per capita if it were able to sell all its reserves today at current prices.

 

 

 

Leave a Reply