1. United States The United States is the country with the largest amount of gold reserves in the world, with a total of 8133 tons, which is almost the sum of the gold reserves of Germany, Italy and France, steadily occupying the first position in the world. The proportion of the amount of foreign exchange reserves is also the highest among all countries. The main reason why the U.S. has so much gold is because most countries keep their gold in the U.S. for easy trading. And the dollar is also pegged to oil, and the dollar is still the current hegemon of the global monetary system, so it is normal for the United States to have the most gold in decades.
2. Germany Germany is the second largest country in the world in terms of gold reserves, with about 3,395 tons. Germany's gold reserves mainly come from the trade surplus in the 1950s and 1970s, and about half of Germany's gold reserves are in the underground tunnel vault in Frankfurt.
3. Italy Italy's gold reserves amount to about 2,451 tons, the Italian central bank has not sold gold reserves in the past few years, has maintained the gold reserves unchanged, in order to support the pressure brought by the assets and liabilities.
4. France France has about 2,436 tons of gold reserves, most of which are held in the vaults of the Banque de France in Paris, France. The French central bank has said that it does not intend to sell any more gold because it has enough confidence and diversification strategy to be able to cope with changes in the amount of its balance sheet.
5. Russia Russia has the fifth largest gold reserves in the world, with about 2,295 tons. At the beginning of 2018, the Russian central bank's gold reserves surpassed China's for the first time. in 2017, Russia purchased 224 tons of gold with the aim of diversifying its foreign exchange reserve assets and reducing its dependence on the U.S. dollar.
6. China China has always been a big consumer of gold, and many people like gold jewelry. By the end of 2021, China's gold reserves were about 1,948 tons, ranking sixth in the world. China is also the largest gold producer, accounting for 12% of global mining production. However, gold production in China is currently being strictly controlled and gold mining is being reduced year by year to protect the ecological environment.
7. Switzerland Switzerland is a highly developed capitalist country and one of the richest countries in the world. Switzerland is the center of the European gold trade, and all gold transactions between the Allied and Axis powers took place here. Switzerland ranks seventh in the world in terms of gold reserves, with about 1,040 tons, and seventh in the world.
8. Japan Japan, the world's third largest economy, has the eighth largest gold reserves in the world at about 846 tons. In addition to the gold already stored by the government, Japan's national territory also contains a large amount of gold, but only some small-scale mining has been carried out for centuries.
9. India India is the second most populous country in the world and one of the BRICS countries, which is developing rapidly. India's gold reserve is about 711 tons, ranking ninth in the world. India is the world's second largest gold demand country after China, but compared with India's private gold demand, its central bank's gold reserves are not so conspicuous.
10. The Netherlands The Netherlands is also one of the countries that have brought central bank reserves from overseas to the country in recent years. Some of them are stored in the form of gold bars in a new purpose-built facility near Zeist, while others are deposited in the Bank of England, the Bank of Canada and the US Federal Reserve Bank. The Netherlands is historically known as the "coachman of the sea" and has been earning gold for more than a year or two. Although it is a small country, the Netherlands has a large gold reserve of about 612 tons, which is the tenth largest in the world.
