Top 10 Countries With Largest Gold Reserves

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Top 10 Countries With Largest Gold Reserves
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Gold reserves are essential for upholding a nation’s economic stability, and acting as a reliable store of value, particularly during periods of financial turbulence. The adoption of the gold standard, prevalent in the late 1800s and a significant portion of the 1900s, entailed countries linking the value of their paper currency to gold.

The importance of gold reserves persists in shaping a country’s creditworthiness and overall economic standing, enduring despite shifts in the contemporary economic environment.

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Here are the current rankings of gold reserves by country in Q3, 2023, estimated by the World Gold Council:

  1. United States of America

Topping the list is the United States, with an impressive gold reserve of 8,133.46 tonnes, valued at $489,133.74 million. 

2) Germany

Germany with 3,352.65 tonnes of gold, valued at $201,623.07 million. 

3) Italy

Italy with a gold reserve of 2,451.84 tonnes, amounting to $147,449.64 million.

4) France

With 2,436.88 tonnes of gold valued at $146,551.80 million.

5) Russian Federation

The Russian Federation with a gold reserve of 2,332.74 tonnes, valued at $140,287.50 million. 

6) China

China  with 2,191.53 tonnes of gold, equivalent to $131,795.43 million. 

7) Switzerland

Switzerland with a gold reserve of 1,040.00 tonnes, valued at $62,543.91 million. 

8) Japan

Japan with 845.97 tonnes of gold, valued at $50,875.51 million. 

 

9) India

India With 800.78 tonnes of gold valued at $48,157.71 million.

10) Netherlands

Netherlands with a gold reserve of 612.45 tonnes, amounting to $36,832.02 million. 

 
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