What is the largest gold reserve in the world?
According to recent estimates, around 187 tonnes of gold have been extracted worldwide to date.
Here is an update on the largest gold reserves in the world.
The United States: first on the podium!
The world's third largest producer of gold, the United States also has the largest gold reserves.
The country's physical stocks stand at 8 tonnes.
According to observers, the twists and turns of the financial circuits have nevertheless managed to swallow up most of the American gold.
There is some mystery surrounding the veracity of this distinction.
So it is difficult to say whether this country still holds the largest gold reserves in the world.
Germany
Germany ranks second as having the world's largest gold reserves. The country has a stock of 2 tons of gold according to official figures.
This reserve amount is equivalent to approximately 117 billion euros and was mainly amassed during the two world wars that the country fought.
Their reserve has long been controversial because they only kept 1710 tons on German soil and the rest was divided mainly between the United States but also in Paris and London. Repatriated to Germany since.
The IMF (International Monetary Fund)
The IMF is an institution international grouping 189 Countries, whose aim is to "promote international monetary cooperation, ensure financial stability, facilitate international trade, contribute to a high level of employment, economic stability and reduce poverty."
Its function is therefore to ensure the stability of the international monetary system (IMS) and the management of financial crises.
It's a bit like a central bank of central banks,The fund has 2814,1 tonnes of gold in its reserve.
Italy
It is impossible to talk about the largest gold reserves in Europe without mentioning Italy.
The country has 2 tonnes of this precious metal.
Despite this good ranking, the country currently seems to be in a bad position.
There have been whispers that Italy might tap into these gold reserves to pay off its colossal public debt.
The France
Very well placed in the world ranking, France has managed to maintain its reputation and prestige with a beautiful central reserve.
The country has 2436,1 tonnes of gold recorded in July 2019.
With this proven figure, it remains the 4th largest gold reserve (not counting the IMF) and 3rd largest European country.
These figures tell us how important gold is to the global economy.
The gold rush is even becoming a reality in some countries like China.
Some numbers:
Source top 10 latest IMF report in July 2019
- Eurozone: 10776,0 tonnes
- United States: 8133,5 tons
- Germany: 3366.8 tonnes
- Italy: 2451.9 tonnes
- France : 2436.1 tons
- Russia: 2207,0 tonnes
- China: 1926,6 tons
- Switzerland : 1040.0 tons
- Japan: 765.2 tons
- India: 618,2 tonnes
- Netherlands: 612.5 tonnes
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