Saudi Arabia is among the top 20 countries with gold reserves in the world
Global central banks are still increasing their gold holdings. It increased its gold holdings by 270 tonnes between the start of the year and June of last year.
Gold is the safest reserve asset: it diversifies geopolitical risks and is an anchor of confidence, especially in times of stress and crisis.”
it remains one of the safest instruments in the world which, even under normal market conditions, is known for its stability and reliability.”
Poland’s central bank has been one of the biggest buyers in recent years, along with Hungary, Kazakhstan, Uzbekistan, Turkey, and India, according to Schiff gold.
Below are the 20 largest gold hoarders in the world based on the latest data from the World Gold Council.
United States – 8,133.5 tons
Germany – 3,355.1 tons
Italy – 2,451.8 tons
France – 2436.6 tons
Russia – 2298.5 tons
China – 1948.3 tons
Switzerland – 1040.0 tons
Japan – 846.0 tons
India – 768.8 tons
Netherlands – 612.5 tons
Turkey – 457.7 tons
Taiwan – 423.6 tons
Kazakhstan – 383.9 tons
Portugal – 382.6 tons
Uzbekistan – 363.9 tons
Saudi Arabia – 323.1 tons
United Kingdom – 310.3 tons
Lebanon – 286.8 tons
Spain – 281.6 tons
Austria – 280.0 tons
The IMF also owns 2,814.0 tons of gold, which would have put it third in the world if it were considered a country.
The European Central Bank owns 504.8 tons of gold, ranking 12th among the countries.
