The most gold reserves in the world

The countries with the largest gold reserves in the world according to the quarter 3/2015 report of the World Gold Council (WGC), Business Insider page introduced .

The largest gold reserves in the world

9. India

1. Official gold reserve: 557.7 tons
2. Rate of gold in foreign exchange reserves: 5.6%

India and China are the two largest gold consuming countries in the world. However, the country's official gold reserve of nearly 558 tons is only a fraction of the nearly 20,000 tons of gold that Indians hold.

Recently, Indian Prime Minister Nerandra Modi announced he wanted to mobilize the gold in this population by providing people with new investment tools such as saving gold and gold bonds, thereby reducing physical gold demand. and reduce gold imports.

8. Netherlands

1. Official gold reserve: 612.5 tons
2. Rate of gold in foreign exchange reserves: 55.8%

At the end of 2014, the Dutch Central Bank announced it would bring a large amount of gold reserves sent to the US back home. The Netherlands hopes this measure will 'positively impact people's beliefs' about the safety of national gold reserves.

7. Japan

1. Official gold reserve: 765.2 tons
2. Rate of gold in foreign exchange reserves: 2.2%

In 1950, Japan had only 6 tons of gold reserves, but since 1959, Japanese gold reserves began to increase sharply. In that year, the Bank of Japan 's gold net buying (BoJ) increased 169 tons from 1958.

In 2011, the BoJ sold gold to raise up to 20 trillion yen to the economy to reassure investors after the earthquake and tsunami disaster.

6. Switzerland

1. Official gold reserve: 1040 tons
2. Rate of gold in foreign exchange reserves: 6.2%

In November 2014, Swiss voters refused to conduct a referendum that could result in the Central Bank of the country (SNB) increasing its gold reserves by 20%.

5. Russia

1. Official gold reserve: 1352.2 tons
2. Ratio of gold in foreign exchange reserves: 13.1%

In the last quarter, the Russian Central Bank (CBR) bought 77.2 tons of gold. From the beginning of the year until now, Russia is the world's largest reserve gold buyer, with a total net buying of 144 tons.

4. China

1. Official gold reserve: 1708.5 tons

After 6 years of 'silence', China recently began to publish more frequent information on national gold reserves. In the third quarter, China Central Bank (PBoC) also bought a large amount of gold, about 50 tons. However, gold only accounts for about 2% of China's total foreign exchange reserves.

3. France

1. Official gold reserve: 2435.5 tons
2. Rate of gold in foreign exchange reserves: 62.1%

In November 2014, French right-wing leader Marine Le Pen - who could become the next President of the country - wrote that she wanted French gold to be brought to France. Ms. Le Pen also suggested that the French Central Bank should buy more gold to reserve.

2. Germany

1. Official gold reserve: 3381 tons
2. Rate of gold in foreign exchange reserves: 67.1%

In 2013, the German Central Bank (Bundesbank) announced plans to bring gold reserves in the US and France back to the country. Bundesbank expects that by 2020, half of Germany's gold reserves will be located in Frankfurt.

1. America

1. Official gold reserve: 813.5 tons
2. Rate of gold in foreign exchange reserves: 72.7%

In 1952, the US had gold reserves up to 20,663 tons, the largest in the country's history. By 1968, US gold reserves for the first time fell below 10,000 tons.