These Are the Countries That Control the World's Gold

Commodities & Metals

Published: July 29, 2021 10:30 am

The World Gold Council has just reported its figures for the first half of the year. It breaks its data into jewelry, gold used for industrial purposes, gold as an investment and gold held by central banks. Total demand was up 1,833.1 tonnes. This metric measurement translates to 1.1 U.S. tons.

Among central banks, buying grew by 333 tonnes. The U.S. central bank remained the largest holder by far at 8,133 tonnes. It was followed by Germany at 3,359. The International Monetary Fund was third at 2,814. The new report stated: “Global central bank net buying reached 200t in Q2. Large-scale purchases by Thailand, Hungary and Brazil drove the growth in global gold reserves.”
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Reuters recently pointed out:

As gold carries no credit or counterparty risks, it serves as a source of trust in a country, and in all economic environments, making it one of the most crucial reserve assets worldwide, alongside government bonds.

These are the countries that control the world’s gold:

United States, 8,133.5 tonnes
Germany, 3,359.1 tonnes
International Monetary Fund, 2,814.0 tonnes
Italy, 2,451.8 tonnes
France, 2,436.3 tonnes
Russian Federation, 2,292.3 tonnes
China, 1,948.3 tonnes
Switzerland, 1,040.0 tonnes
Japan, 846.0 tonnes
India, 705.6 tonnes
Netherlands, 612.5 tonnes
European Central Bank, 504.8 tonnes
Taiwan, 423.6 tonnes
Turkey, 408.2 tonnes
Kazakhstan, 385.9 tonnes
Portugal, 382.6 tonnes
Uzbekistan, 358.0 tonnes
Saudi Arabia, 323.1 tonnes

Click here to see why the demand for gold is lagging.

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