Gold Reserves Worldwide: US Leads, Russia Boosts Holdings, China Buys Actively
Gold reserves worldwide continue to shift, with some nations boosting their holdings while others reduce theirs. The United States maintains the largest reserve, followed by Germany and the International Monetary Fund.
Russia has amassed a substantial amount of precious metal, totalling 2,330 tons. Other countries with notable reserves include Switzerland (1,040 tons), India (880 tons), Japan (845.97 tons), and Turkey (623.92 tons).
The US leads the pack with an impressive 8,100 tons, of which 4,600 tons are securely stored in Fort Knox. Germany follows closely with 3,350 tons, although this figure has decreased by over 100 tons since 2022 due to active sales. Italy and France round out the top three with 2,450 tons and 2,430 tons respectively.
China, the world's most populous country, holds the fifth-largest reserve at 2,430 tons. However, it's important to note that the Central Bank does not officially disclose the sizes of the gold reserve in tons. Instead, they report in ounces. As of July 1, China's gold reserve was estimated at $248.71 million, which is equivalent to 70,000 troy ounces, as reported by Bloomberg after eight months of active purchases.
The distribution of gold reserves among nations continues to evolve, with the US maintaining its dominant position. While some countries actively sell their reserves, others, like China, increase theirs. The lack of official tonnage reporting from some central banks adds an element of uncertainty to these figures.
