top 10 countries with most gold reserves

Indias festival and wedding season, which runs from October to December, has historically been a huge boon to golds Love Trade. The Netherlands has 612.5 tons of gold as its official holdings, which is equivalent to a significant 70.5% of its foreign reserves. Therefore, gold hoarding is a viable option. Japan has broadly maintained his number since Q2 2001. However, when gold prices rise, it weakens the currency of countries that import a lot of it. Ghana - 138.7 tonnes Ghana is. Below are the top 10 countries with the largest gold holdings, beginning with India. Here the Investing News Network examines the world's top gold-producing countries that contributed to this output last year. The Kingdom of Lydia, over 2,500 years ago in what is now Western Turkey, produced the first gold coins known to history, beginning a long love affair with the precious metal that continues to this day in the country that is the worlds fourth-largest consumer of gold. Past performance does not guarantee future results. China Banknote Printing and Minting Corporation is a state-owned corporation that mints all renminbi coins and prints all renminbi banknotes for the Peoples Republic of China. The Global Resources Fund takes a multi-faceted approach to the natural resources sector by investing in energy and basic materials. Back in 2013, Germanyunveiledits gold storage plan with the intent to store half of its gold reserves within the country. Can St. Patrick Bring Green To Stock Prices? During World War II, the neutral country became the center of the gold trade in Europe, making transactions with both the Allies and Axis powers. Moreover, Libya and Egypt ranked next, with 117 metric tons and 80.73 metric. Furthermore, gold reserves are one of the most important assets in the world, alongside government bonds, because the metal acts as a source of trust in a country and in all economic circumstances. Gold Reserves World Europe America Asia Africa Australia G20 This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Gold Reserves. It's no surprise that the Bank of India has one of the largest stores of gold in the world. During 2009, China almost doubled its gold holdings within a quarter, moving from $599.98 tons in Q1 2009 to 1,054.9 tonnes in Q2 2009. It had overtaken by China for a period of four quarters back in 201415 (Q2, Q3, and Q4 2014 and Q1 2015). In 2021, the country spent a record $55.7 billion on gold imports. Do Not Sell My Personal Information (CA Residents Only). The IMF made a profit of SDR 6.85 billion above the book value of the gold, which was more than it expected at the time it approved the sales. Morningstar Ratings are based on risk-adjusted return. Additionally, some sale of gold took place during CBGA 1, 3, and 4. The only countries where gold represents a higher percent of reserves are Portugal at 80.1% and Venezuela at 82.4%. Available: https://www.statista.com/statistics/248991/world-mine-reserves-of-gold-by-country/, World mine reserves of gold as of 2022, by country, Available to download in PNG, PDF, XLS format, Immediate access to statistics, forecasts & reports, World mine reserves of gold by country 2022, Distribution of global gold reserves by country 2021, Global number of gold mining acquisition deals 2011-2020, Global gold mine production volume 2021, by region, Distribution of global gold production by country 2021, Gold production volume in China 2010-2022, Gold production from mines in Australia 2011-2021, Global largest gold mines by production volume 2021, Production volume of gold globally 2020, by political stability of producers, Gold demand volume worldwide by sector 2021, Global demand for gold by purpose quarterly 2016-2022, Global gold import value by leading country 2021, Global distribution of gold imports by country 2021, Leading countries based on gold exports 2021, Leading gold producing companies worldwide 2021, Market capitalization of selected gold mining companies worldwide 2022, Gold production of Newmont Corporation 2010-2022, Barrick Gold's production of gold 2010-2021, Monthly prices for gold worldwide 2011-2023, Average prices for gold worldwide 2014-2021, U.S. gold imports for consumption 2010-2022, Gold production value in the United States 2005-2020, Volume of gold produced by Acacia Mining in 2011-2017, Monthly gold mine production in Mexico 2019-2022, Agnico-Eagle Mines' gold production 2006-2021, Turkey: monthly value of gold imports 2017-2018, Global market volume of gold by sector in 2018, Gold share in international reserves Russia monthly 2021-2022, Top 5 global mining deals 2011 by transaction value, Gassiest coal mines worldwide based on methane emissions, by development phase 2021, World mine reserves of gold as of 2022, by country (in metric tons), Find your information in our database containing over 20,000 reports. Gold makes up a portion of most forex reserves, with larger percentages for some countries than others. If gold prices go up, it can either contribute to a trade surplus or cause a trade deficit. Central banks have been net buyers of gold for 11 consecutive years. These gold reserves are split between the Bank of England and the Bank for International Settlements in Basel, Switzerland, with the rest held by the Reserve Bank of India in Mumbai. In fact, governments add hundreds of tons (of gold, which is measured in metric tons) to their stockpiles every year. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. At first, the gold stayed put in the vaults of the worlds central banks. Read our Investment teams weekly analysis here. Worldwide, the production of gold reached an . We provide you with accurate, reliable information. China. Gold has always been an important part of foreign reserves of nations across the globe. Gold is a finite physical commodity that has been an integral part of national financial reserves for centuries, and its popularity shows no sign of waning, with central banks expected to be net purchasers of gold almost every year. paper money), or trading peers, during the eras of the gold standard, or to support the value of the national currency. You only have access to basic statistics. Today, we look back almost one week later to see how precious metals reacted to the rate hike. This Gold Standard system further enabled gold to be imported and exported freely, and domestic currencies could be exchanged for gold at a predetermined price. Its central bank has been one of the most aggressive practitioners of quantitative easingin January 2016, it lowered interest rates below zerowhich has helped fuel demand for gold around the world. Sheila Bair, Not Jamie Dimon, Should Succede Janet Yellen As Treasury Secretary, Commodity Prices Are Leading Indicator Of Inflations Demise, $30 Billion First Republic Bank Rescue Plan Isnt Quelling Investors Fears. The Near-Term Tax Free Fund invests in municipal bonds with relatively short maturity. 10. You can purchase Turkish-minted coins via the state mint. China is the largest gold consumer and producer in the world. Trade with Hong Kong and China has become its main focus. Global Investors does not endorse all information supplied by this/these website(s) and is not responsible for its/their content. A portion of this income may be subject to state and local income taxes, and if applicable, may subject certain investors to the Alternative Minimum Tax as well. After selling gold reserves to assist in stabilizing the economy after the catastrophe, the country never fully got back on track. After WWII, the Bretton Woods agreement tied the dollar to gold. There is currently no government that insists on 100% gold-backing for paper currency. Statista. WGC notes sales were concentrated among a small number of central banks that buy gold from domestic production, including Mongolia and Uzbekistan. With Silicon Valley Bank being the latest bank to go under, its becoming a scary time as were definitely, Spains fiscal and economic development over the period from 2007 to 2017 reflects two different and politically opposed governments: that of socialist Jose Luis Zapatero, whose term in office faced the adverse effects of the global financial crisis from 2007 to 2011, and conservative Mariano Rajoys administration from 2012 until June 1, 2018. Gold IRA Rollover Guide How to Convert IRA or 401(k) to Gold. Stock markets can be volatile and share prices can fluctuate in response to sector-related and other risks as described in the fund prospectus. You need at least a Starter Account to use this feature. However, Chinas official gold reserves stand at 1,948.3 tons, constituting 3.2% of its foreign reserves. To raise the cash for these purchases, Russia sold a huge percentage of its U.S. Treasuries. Turkey was the number one buyer for the second straight year adding 134.5 tonnes and was also the largest seller after decreasing holdings by 36.3 tonnes. Business Solutions including all features. Below are the top 10 countries with the largest gold holdings, beginning with India. Overall, Gold was the currency of international trade. Former French Economy Minister Nicolas Sarkozy ordered the Bank of France to take this measure. It holds highest gold reserves in the entire world with 8133 tonnes of gold. The following 10 nations have the world's greatest gold reserves: The United States.- 8,134 tons Germany - 3,364 tons Italy - 2,453 tons France - 2,436 tons Russia - 2,299 tons China - 1,948 tons Switzerland - 1,040 tons Japan - 765 tons India - 642 tons Netherlands - 612 tons Japan has 765.2 tons of gold in its reserve. Ill take a deeper, Read More Robert Kiyosaki Buy Gold and Silver NOW RantContinue, The FDIC failed bank list is something that you should keep tabs on. All opinions expressed and data provided are subject to change without notice. They also have the best food processing manufacturers in the world. The lions share of Turkish gold is held at the state bank, the Central Bank of the Republic of Turkey, in Ankara. To diversify its currency from the US dollar, it purchased 227 metric tons of gold. ", US Geological Survey, World mine reserves of gold as of 2022, by country (in metric tons) Statista, https://www.statista.com/statistics/248991/world-mine-reserves-of-gold-by-country/ (last visited March 18, 2023), World mine reserves of gold as of 2022, by country (in metric tons) [Graph], US Geological Survey, January 31, 2023. Some of these opinions may not be appropriate to every investor. India holds around 557.7 tonnes of gold worth $32 billion at current prices. According to the Reserve Bank of India, the countrys gold reserves rose from $1.008 billion to $37.020 billion in the final week of December 2020. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.). Moreover, foreign reserves at central banks have increased by millions of tons of gold since then. Russia surpassed China in terms of gold reserves in early 2018. One of the biggest one-time surge in its gold reserves was in 2009 when its gold holdings swelled from 357.75 tonnes Q3 to 557.75 tonnes by the end of Q4. You may opt-out by. The U.S also has the highest gold allocation as a percentage of its foreign reserves at approximately 76%. Gold constitutes 69.3 percent of Italys foreign reserves. [3], Production figures are for primary mine production. India In the summer of 2015, the Peoples Bank of China began sharing its gold purchasing activity on a monthly basis for the first time since 2009. The former Bank of Italy governor, when asked by a reporter in 2013 what role gold plays in a central banks portfolio, answered that the metal wasa reserve of safety,adding, it gives you a fairly good protection against fluctuations against the dollar.. Alipore in South Kolkata, Cherlapally in Hyderabad, Saifabad in Hyderabad, and Noida in Uttar Pradesh are the four mints that produce Indian coins. However, with 2,814 tons of gold stored away, the International Monetary Fund could have secured a third place on the list. When governments notice anincrease in inflation, they often respond by purchasing significant quantities of gold. Sarkozy began the sale in May 2004 and cut Frances gold reserves by 20%. As a significant gold investor, Germany ranks second only to the United States in terms of gold reserves, with 3355.14 tons in total. The data is based on International Financial Statistics, May 2020* and World Gold Council reports as well as individual country wise central bank figures. U.S. The largest gold reserves exist throughout the world. Top Countries with the Largest Gold Reserves Worldwide The United States, with 8,133.5 Tons of Gold Germany, with 3,362.4 Tons of Gold Italy, with 2,451.8 Tons of Gold France, with 2,436.2 Tons of Gold Russia, with 2,298.5 Tons of Gold China, with 1,958.3 Tons of Gold Switzerland, with 1,040 Tons of Gold Japan, with 765.2 Tons of Gold Global Investors offers exchange traded funds (ETFs) in addition to mutual funds. Regarding the price of gold, India is second only to China as a consumer. A paid subscription is required for full access. India Tonnes: 560.3 Percent of foreign reserves: 5.5% It's no surprise that the Bank of India. The South Asian country, home to 1.25 . The United States holds the number one spot with over 8,000 tonnes of gold in its vaults nearly as much as the next three countries combined and accounting for 79% of total reserves. Gold has been used for ages by countries to stimulate their economies, stable their currencies, and foster prosperity. Gold is the most enduring symbol of stability. The ten nations on the list include some of the worlds wealthiest and most industrialized countries. This is because it has not made any additional bullion sales in recent years due to its economic changes under the Erdogan administration in Turkey. to incorporate the statistic into your presentation at any time. Are One Gram Gold Bars a Good Investment? 3) Italy - 2,451.86 tonnes. However, many nations still hold significant gold reserves. Your questions and feedback are important to us we look forward to hearing from you. Current reserves consist of 100 tonnes of gold coins and the rest in bars weighing around 12.5 kilograms each. Global Investors does not endorse all information supplied by this/these website(s) and is not responsible for its/their content. The fund invests in companies involved in the exploration, production and processing of petroleum, natural gas, coal, alternative energies, chemicals, mining, iron and steel, and paper and forest products, and can invest in any part of the world. The third-largest official gold reserves in the world are held by Italy. The Peoples Bank of China has about 1800 tons of gold in its official reserves, making it the worlds sixth largest central bank gold reserve. France has roughly 64.5% of its gold reserves. You are encouraged to talk to your financial advisor before making any investment decision. Russia has bought more than 1,900 tons of gold since 2005. USA The top spot is captured by United States of America. Type a symbol or company name. These are the top 10 countries with the most gold reserves in the world. This website should not be considered a solicitation or offering of any investment product or service to investors residing outside the United States. 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