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Top Ten Countries With Highest Gold Reserves

BusinessTop Ten Countries With Highest Gold Reserves

Everyone loves Gold and is always concerned as a sign of good economic growth. Countries with the highest gold reserves are also the wealthiest countries in the world. 

Securing your wealth into something precious and always evergreen is essential. There are many ways of investing and ensuring one’s money simultaneously, such as Property, Gold, Businesses, etc. 

Investing in Gold is the most sustainable and safe way to secure your hard-earned money. The reason is apparent: Gold is a costly and precious metal. It helps countries cope with complex economic challenges. 

Most gold reserves are still present with the International monetary fund (IMF). IMF is a centralized World Bank with a total of 2,814 tons of Gold. 

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But the world’s central Bank also has a massive amount of Gold. The central Bank of each country holds all the country’s valuables. 

United States: 

The U.S. has a Bullion depository called Fort Knox. It has a vault, and its building is next to the U.S. Army headquarters. The country’s valuables are placed in that building and are under the control of the Army. 

The country has the most gold reserves, 8,133.5 tons, and 76% of Gold is present in reasonable foreign reserves. This helps the U.S. maintain the most sustainable economy.    

USA Top Ten Countries With Highest Gold Reserves Saudiscoop (10)
The U.S. holds most of its gold at the U.S. Bullion Reservatory at Fort Knox

Germany: 

Germany has the second-most gold reserves, with all its reserves held at Deutsche Bundesbank in Frankfurt am Main, the Bank of England in London, and the New York branch of the Federal Reserve Bank of the United States. 

Gold accounts for 3,378.2 tons, and 70% of Gold is in foreign exchange.

Germany Top Ten Countries With Highest Gold Reserves Saudiscoop (4)
Verity of German Coins

Italy: 

Italy is also well known worldwide for its gold reserves, which are entirely under the control of the Bank of Italy. 

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The Bank of Italy holds the world’s fourth-largest gold reserves after the U.S. Federal Reserve, the Deutsche Bundesbank, and the International Monetary Fund. 

Italy has 2,451.8 tons of Gold. Italy’s foreign gold reserves are 69%.

Italy Top Ten Countries With Highest Gold Reserves Saudiscoop (6)
Detail of a gold lion in St. Mark’s Basilica in Venice, Italy

France:

In the past few years, France has wholly terminated its hold sale. Under President Emmanuel Macron’s orders, France is no longer selling its Gold, helping the country stand out in having the most gold reserves and preparing itself for dire economic challenges. 

France is 4th with reserves of 2,435.8 tons, and the percentage of foreign reserves in Gold is 65%. 

France Top Ten Countries With Highest Gold Reserves Saudiscoop (3)
Anne of Brittany’s Wedding Crown

China: 

China first started purchasing Gold in 2015. After some time, when the renminbi joined the dollar, euro, yen, and pound as one of the International Monetary Fund currencies, it was evident that China had accumulated its gold reserves.

With the development of world-class economic countries, China now holds the 5th position in the gold reserves. 

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