1. US: 8,133.46 taels of gold reserves
The US has the largest gold reserves in the world with 8,133.46 tons of gold bars. This figure is much closer to the gold of Germany, Italy and Russia combined. Gold reserves are being stored in warehouses across the United States.
2. Germany: 3,359.12 tons of gold reserves
The world's second largest gold reserve is Germany with 3,359.12 tons, which is spread across many places in the world, including the US Federal Reserve in New York, the Bank of England, the French Bank and of course the host country Germany.
3. Italy: 2,451.48 tons of gold reserves
Unlike in other countries - state-owned and centrally managed gold - gold reserves in Italy are actually owned by the Bank of Italy.
The gold is held in warehouses in Rome and at the Swiss National Bank, the US Federal Reserve in New York and the Bank of England. The Italian government said in February 2019 that it would "not sell a gram" of its gold reserves to fill budget gaps.
4. France: 2,436.32 tons of gold reserves
France has reserves of 2,436.32 tonnes of gold, most of which were purchased in the 1950s and 1960s. French gold reserves are stored in central bank facilities in Paris, with a small number sent abroad.
5. Russia: 2,292.31 tons of gold reserves
Over the past five years, Russia has spent $40 billion to increase gold reserves, allowing the country to surpass China in the rankings and reduce its dependence on the US dollar.
Russia also owns a multibillion-dollar gold mining industry, which means it does not need to rely on imported gold.
6. China: 1,948.31 tons of gold reserves
With 1,948.31 tons of gold reserves and 6th in the gold reserve rankings, China is the world's largest gold producer, accounting for 12% of global mining output, according to US Global Investors.
7. Switzerland: 1,040 tons of gold reserves
The majority of Switzerland's 1,040 tonnes of gold reserves are stored in their home country, while a small number are stored in the Bank of England and the Bank of Canada. In 2014, Switzerland held a public opinion poll to decide whether the country's national bank should increase its gold reserves from 7% to 20%. As a result, 78% of participants objected, so Switzerland still maintains its gold reserves at 7%.
8. Japan: 845.97 tons of gold reserves
Japan owns 845.97 tonnes of gold in reserves. In December 2020, about 80 tons of gold used to make coins were sold to another government agency as the country sought to finance a huge stimulus package amid the COVID-19 pandemic.
Japan has a rich source of gold that runs across the country and has been exploited on a small scale for centuries.
9. India: 703.71 tons of gold reserves
Over the past few years, India's gold reserves have increased by 95 tons, to a total of 703.71 tons. Due to cultural traditions, India has a large amount of gold reserves in households, especially in the form of jewelry gold. India's gold mining industry is not enough to meet domestic demand, so most of the country's gold is imported from abroad.
10. Netherlands: 612.45 tons of gold reserves
Ranked 10th in the world gold reserve rankings, the Netherlands owns 612.45 tons of gold in reserves. In October 2019, it was reported that the Dutch Central Bank would transport 14,000 gold bars, equivalent to 175 tons, to a temporary location in Haarlem before moving them to a fixed storage facility at the DNB Cash Center in Zeist.
That same October, a transportation took place with the escort of armed security forces, helicopters and transport vehicles to move 200 tons of gold from the Dutch Central Bank in Amsterdam to a warehouse in Haarlem.
