Gold is a valuable, yellow coloured metal that is used for making jewellery and ornaments, and as an international currency. There are many places were finding gold is a common occurrence. There are two categories of gold found in nature. The first is primary and the other is secondary.
So, who holds the most gold in this world?
At 1,161.9 tons, the world’s most populated country has the world’s fifth largest gold reserve. Expect it to be higher on the list? Well, bear in mind that China’s gold only accounts for 1.8 percent of its foreign reserves. With a population of 1.34 billion, the country holds about $40.46 worth of gold per person, totaling $54.22 billion.
- Value of reserves: $54.22 Billion
- Holdings total: 1,161.9 Tons
The French National Bank, Banque De France, is home to the country’s gold holdings, which comprise 71.8 percent of its foreign reserves. With 2,684.6 tons of gold in reserve, France’s holdings are worth approximately $125.28 billion.
- Value of reserves: $125.28 Billion
- Holdings total: 2,684.6 Tons
The Banca D’Italia manages Italy’s foreign reserves, which have been reported at 2,702.6 tons by the World Gold Council and comprise the third largest gold reserve in the world. These holdings are worth $126.12 billion in the open market and account for 73.4 percent of the country’s foreign reserves.
- Value of reserves: $126.12 Billion
- Holdings total: 2,702.6 Tons
The Deutsche Bundesbank, Germany’s central bank, has 3,743.7 tons of gold reserves, which are valued at about $174.7 billion. According to the World Gold Council, Germany’s gold coffers account for 73.7 percent of total foreign reserves.
- Value of reserves: $174.7 Billion
- Holdings total: 3,743.7 Tons
1. UNITED STATES OF AMERICA
The United States Bullion Depository in Kentucky otherwise known as Fort Knox is the most famous gold stockpile in the world. It holds the majority of the nation’s gold reserves, the remainder of which is held at the Philadelphia Mint, the Denver Mint, the West Point Bullion Depository and the San Francisco Assay Office.
So, the total gold reserves of the U.S. equal 8,965.6 tons and would be valued at approximately $418.39 billion in today’s market.
- Value of reserves: $418.39 Billion
- Holdings total: 8,965.6 Tons