The countries that own the most gold revealed

[Dua]

The countries that own the most gold revealed

​

Who's stockpiling gold?

This precious metal was once so vital that the value of global currencies was directly related to the value of gold. While the 'Gold Standard' may no longer exist, gold is still massively politically and economically important, whether it's stored as a country's nest egg or used to save the currency. There's almost 34,000 tons of gold in official holdings across the world, but which country lays claim to the biggest proportion? We take a look at the most recent World Official Gold Holding Chart.

​

30) Sweden: 125.7 tons

Sweden isn't an obvious choice for being a major player in the gold market, but this Scandinavian country actually owns 125.7 tons of gold bars. It doesn't keep all of its stocks on home ground, however. As well as Sweden's central bank, the Riksbank, the country's gold is also reportedly held within the Bank of England, the Bank of Canada, the Federal Reserve Bank in America and the Swiss National Bank.

29) Singapore: 127.4 tons

Those looking for a secure place to store their gold often settle on Singapore, because the country has not been tarnished by any major corruption scandals, crime is low and so are taxes, plus the cost of gold storage here is incredibly competitive. The country itself has also got a substantial reserve of gold: 127.4 tons of the stuff to be precise.

28) Poland: 128.6 tons

Poland has recently been expanding its gold reserves in a bid to protect domestic currency values against the rising dollar. Along with Hungary, Poland increased its holdings by 2 tons in July 2018 followed by a further increase of 7 tons in August 2018, bringing them to their highest level in 35 years at 128.6 tons.

27) Thailand: 154 tons

Thailand is stockpiling 154 tons of gold, over 20 tons more than Singapore. Thailand mines its own gold and the Thai people place a high value on the precious metal. In fact, southeast Asians as a whole are much keener on gold, for jewelry in particular, than people anywhere else in the world.

26) Venezuela: 161.2 tons

Venezuela was in the top 20 gold owners until a few years ago, but in a bid to reduce its vast debts and fend off an economic crisis it sold off about $1.7 billion (£1.2 billion) of gold in early 2016 and it's now down to 161.2 tons. There is an established gold mining business in Venezuela but as its economic crisis worsens an increasing number of unlicensed illegal mines are springing up.

25) Algeria: 173.6 tons
The north African country of Algeria has nearly 20 tons more gold than Thailand, with 173.6 tons of the stuff. It also has a strong gold mining tradition with gold thought to have been mined here on a small scale since pre-Roman times. The government has only recently taken steps to encourage commercial gold mining on a large scale as it's thought that there is a great deal of wealth hidden beneath its soil.

24) Philippines: 197.9 tons

The Philippines is one of Asia's largest gold producers. Although mining is big business here, it's thought that much of its gold is still untapped. Desperately poor locals hoping to get lucky and literally strike gold even undertake dangerous dives in mud-filled swamp mines in search of the precious metal. The country has large reserves of gold already, however, with 197.9 tons recorded as being under its ownership.

23) Belgium: 227.4 tons

Belgium is holding on to 227.4 tons of gold. Most of this is thought to be held abroad, some in the Bank of England and some in the Bank of Canada. There had been talk of the country looking into repatriating its stocks back to Belgium, but it's thought that the transport and security costs involved in the move were prohibitive and that Belgium was unsure where to store it if it did return to home soil

22) Austria: 280 tons

There is another big leap between 22nd and 23rd place with Austria recorded as holding 280 tons of gold, over 50 tons more than Belgium. Much of its stock was held in the Bank of England, but the Austrian National Bank is said to be working on repatriating much of this back to Vienna so that at least half of Austrian gold is held at home.

21) Spain: 281.6 tons

Just missing out on the top 20 is Spain, which holds just over a ton more gold than Austria. Gold mining has been going on in Spain since pre-Christian times and it was the Romans who turned it into a flourishing industry. There is now a renewed interest in Spanish gold with a lot of prospector activity being carried out in the hope of being able to strike it lucky. It's unlikely to impact heavily on the country's gold reserves, however.

20) Lebanon: 286.8 tons

It's definitely not the most stable country in the world, but this small Middle Eastern land is rich in gold reserves. Lebanon is currently holding on to 286.8 tons of gold and it has the second largest gold reserves in the Middle East. Although Lebanon has a mining industry, gold is not one of its abundant natural resources.

19) Turkey: 293.6 tons

Turkey's gold reserves have plummeted over the past two years, falling by more than 200 tons from 495.6 tons in 2017 to 293.6 tons in 2019. The government has been coy about the reasons why, but there's speculation that the central bank may be digging into gold reserves in an attempt to save the lira. Gold is thought to have been discovered in Turkey as early as 9000 BC, but it is only quite recently that it has become of international commercial interest.

18) United Kingdom: 310.3 tons

Many countries choose to store their gold in the heavily fortified Bank of England vault, the second largest in the world after the vault at the New York Federal Reserve. The UK has its fair share of gold reserves too, with 310.3 tons of the precious metal held in its name. Despite there being no gold mines currently in the UK, it has long been seen as the center of the wholesale gold market and a major importer and exporter of the metal.

more to come …. ….. …

 

[HIMARS]

Ungemalizia tu
Afu Tz hatuna hata Tani 1

 

[Jay One]

WHICH COUNTRIES REALLY OWN THE MOST GOLD?

Jose L. Stephens/Shutterstock
Who's stockpiling gold?
This precious metal was once so vital that the value of global currencies was directly related to the value of gold. While the 'Gold Standard' may no longer exist, gold is still massively politically and economically important, whether it's stored as a country's nest egg or used to save the currency. There's almost 34,000 tonnes of gold in official holdings across the world, but which country lays claim to the biggest proportion? We take a look at the most recent World Official Gold Holding Chart.

RPBaiao/Shutterstock
30) Sweden: 125.7 tonnes
Sweden isn't an obvious choice for being a major player in the gold market, but this Scandinavian country actually owns 125.7 tonnes of gold bars. It doesn't keep all of its stocks on home ground, however. As well as Sweden's central bank, the Riksbank, the country's gold is also reportedly held within the Bank of England, the Bank of Canada, the Federal Reserve Bank in America and the Swiss National Bank.

TADAphotographer/Shutterstock
29) Singapore: 127.4 tonnes
Those looking for a secure place to store their gold often settle on Singapore, because the country has not been tarnished by any major corruption scandals, crime is low and so are taxes, plus the costs of gold storage here are incredibly competitive. The country itself has also got a substantial reserve of gold: 127.4 tonnes of the stuff to be precise.
Velishchuk Yevhen/Shutterstock
28) Poland: 128.6 tonnes
Poland has recently been expanding its gold reserves in a bid to protect domestic currency values against the rising dollar. Along with Hungary, Poland increased its holdings by 2 tonnes in July 2018 followed by a further increase of 7 tonnes in August 2018, bringing them to their highest level in 35 years at 128.6 tonnes.
Shutterstock
27) Thailand: 154 tonnes
Thailand is stockpiling 154 tonnes of gold, over 20 tonnes more than Singapore. Thailand mines its own gold and the Thai people place a high value on the precious metal. In fact, southeast Asians as a whole are much keener on gold, for jewellery in particular, than people anywhere else in the world.
Jiri Flogel/Shutterstock
26) Venezuela: 161.2 tonnes
Venezuela was in the top 20 gold owners until a few years ago, but in a bid to reduce its vast debts and fend off an economic crisis it sold off about $1.7 billion (£1.2 billion) of gold in early 2016 and it's now down to 161.2 tonnes. There is an established gold mining business in Venezuela but as its economic crisis worsens an increasing number of unlicensed illegal mines are springing up.
Discover how Venezuela fell from riches to a country in crisis
Natanael Ginting/Shutterstock
25) Algeria: 173.6 tonnes
The north African country of Algeria has nearly 20 tonnes of gold more than Thailand, with 173.6 tonnes of the stuff. It also has a strong gold mining tradition with gold thought to have been mined here on a small scale since pre-Roman times. The government has only recently taken steps to encourage commercial gold mining on a large scale as it's thought that there is a great deal of wealth hidden beneath its soil.
ronaldbuday/Shutterstock
24) Philippines: 197.9 tonnes
The Philippines is one of Asia's largest gold producers. Although mining is big business here, it's thought that much of its gold is still untapped. Desperately poor locals hoping to get lucky and literally strike gold even undertake dangerous dives in mud-filled swamp mines in search of the precious metal. The country has large reserves of gold already, however, with 197.9 tonnes recorded as being under its ownership.
Nathan Dobkins/Shutterstock
23) Belgium: 227.4 tonnes
Belgium is holding on to 227.4 tonnes of gold. Most of this is thought to be held abroad, some in the Bank of England and some in the Bank of Canada. There had been talk of the country looking into repatriating its stocks back to Belgium, but it's thought that the transport and security costs involved in the move were prohibitive and that Belgium was unsure where to store it if it did return to home soil.
Alberto Masnovo/Shutterstock
22) Austria: 280 tonnes
There is another big leap between 22nd and 23rd place with Austria recorded as holding 280 tonnes of gold, more than 50 tonnes more than Belgium. Much of its stock was held in the Bank of England, but the Austrian National Bank is said to be working on repatriating much of this back to Vienna so that at least half of Austrian gold is held at home.
Alfonso de Tomas/Shutterstock
21) Spain: 281.6 tonnes
Just missing out on the top 20 is Spain, which holds just over a tonne more of gold than Austria. Gold mining has been going on in Spain since pre-Christian times and it was the Romans who turned it into a flourishing industry. There is now a renewed interest in Spanish gold with a lot of prospector activity being carried out in the hope of being able to strike it lucky. It's unlikely to impact heavily on the country's gold reserves, however.
karim Abd albaky/Shutterstock
20) Lebanon: 286.8 tonnes
It's definitely not the most stable country in the world, but this small Middle Eastern land is rich in gold. Lebanon is currently holding on to 286.8 tonnes of gold and it has the second largest gold reserves in the Middle East, after Saudi Arabia. Although Lebanon has a mining industry, gold is not one of its abundant natural resources.
FreshStock/Shutterstock
19) Turkey: 293.6 tonnes
Turkey's gold reserves have plummeted over the past two years, falling by more than 200 tonnes from 495.6 tonnes in 2017 to 293.6 tonnes in 2019. The government has been coy about the reasons why, but there's speculation that the central bank may be digging into gold reserves in an attempt to save the lira. Gold is thought to have been discovered in Turkey as early as 9000 BC, but it is only quite recently that it has become of international commercial interest.
melis/shutterstock
18) United Kingdom: 310.3 tonnes
Many countries choose to store their gold in the heavily fortified Bank of England vault, the second largest in the world after the vault at the New York Federal Reserve. The UK has its fair share of gold reserves too, with 310.3 tonnes of the precious metal held in its name. Despite there being no gold mines in the UK, it has long been seen as the centre of the wholesale gold market and a major importer and exporter of the metal.
railway fx/Shutterstock
17) Saudi Arabia: 323.1 tonnes
The oil-rich country of Saudi Arabia has the highest gold reserves in the Middle East, with 323.1 tonnes of the precious metal. As part of plans to diversify its economic base and place less of a reliance on oil, Saudi Arabia is also committed to boosting its gold mining industry. Although overshadowed by oil, this is not a new endeavour, as archaeological studies show that gold began being mined in the country up to 5,000 years ago.
Dana.S/Shutterstock
16) Uzbekistan: 348.4 tonnes
A mineral-rich country, Uzbekistan has a wealth of resources including petroleum, natural gas, gold, silver and uranium. As well as being a top producer of the precious metal, the country plans to continue increasing its gold reserves to 430 tonnes by 2024, a further increase of more than 80 tonnes.
Koreckaya-Druzhinina Anna/Shutterstock
15) Kazakhstan: 361.7 tonnes
Kazakhstan's National Bank recently increased its gold reserves by more than 70 tonnes, in a bid to reduce the country's reliance on the US dollar and neutralise currency risks. The land-locked country, which is currently working to develop its gold mining industry through foreign investors and low government regulation, has an impressive 361.7 tonnes in total gold stocks.

chrisdorney/Portugal
14) Portugal: 382.5 tonnes
Portugal has 382.5 tonnes of gold, nearly 60 tonnes more than Saudi Arabia. However, the country has battled with economic instability and there have been calls for it to sell off some of its gold reserves to reduce its national debt. Regulations make this easier said than done though and for now Portugal is holding on to its precious asset.
JHENG YAO/Shutterstock
13) Taiwan: 423.6 tonnes
Despite being a small island off the coast of China, Taiwan is sitting on 423.6 tonnes of gold and has held this amount of the precious metal for several years. Gold is always seen as a strong investment in uncertain times and with Brexit, the unpredictable Trump Presidency and threats from North Korea, the world is certainly going through a period of instability. This has pushed the price of gold up, making Taiwan's gold assets a sound investment for the near term.
Yavuz Meyveci/Shutterstock
12) European Central Bank: 504.8 tonnes
It's not a country but the European Central Bank (ECB) is the central bank of all the European Union countries that have adopted the euro as their currency. It holds 504.8 tonnes of gold in their name, largely as a result of transfers made to the bank by Euro member national central banks at the launch of the Euro. This gold is said to be stored across five locations around the world.
Creative Photo Corner/Shutterstock
11. India: 608.8 tonnes
India's gold reserves have increased by more than 50 tonnes in the past two years, although much of it is in the form of household reserves and jewellery, as the country places a high value on gold storage. Although India does have a small gold mining industry, it can't support the national demand and most of its yellow metal is bought in from abroad.
Harald Lueder/Shutterstock
10) The Netherlands: 612.5 tonnes
With just 3.7 more tonnes of gold than India, the Netherlands takes the number 10 spot on the World Official Gold Holding Chart with 612.5 tonnes of gold in its stocks. In 2014, the gold holdings attracted media attention as it was reported that the Dutch central bank had sent back 100 tonnes of gold to Amsterdam from New York; other than those two locations, the Netherlands also has gold stores in Ottawa and London.
Ink Drop/Shutterstock
9) Japan: 765.2 tonnes
Japan holds 765.2 tonnes of gold in stock, over 150 tonnes more than the Netherlands. It also has its own veins of gold running through its land, which have been mined on a small scale for centuries. Recent exploratory gold searches have proved positive and Japan is now looking to exploit those reserves further.
OShuma/Shutterstock
8) Switzerland: 1,040 tonnes
The gold stocks move into four figures now with Switzerland holding 1,040 tonnes. The majority of this gold is held on home soil, but some of it is stored at the Bank of England and Bank of Canada. In 2014 there was a referendum to decide whether all the gold should be stored in Switzerland, whether the Swiss National Bank (SNB) should have the right to sell its gold reserves and whether the SNB should hold at least 20% of its assets in gold. The status quo prevailed and the majority of voters were agianst the SNB increasing its share.
Nopkamon Tanayakorn/Shutterstock
7) China: 1,885.5 tonnes
China has 1,885.5 tonnes of gold in its reserves. It is also the world's biggest gold producer, ahead of Australia and Russia, and the local demand for gold has been boosted by the burgeoning wealth of its growing middle class.
Ivan Busic/Shutterstock
6) Russia: 2,168.3 tonnes
Russia can’t get enough of this precious metal and has increased its gold reserves by almost 400 tonnes in the past two years alone, allowing it to overtake China in the rankings. Plus, it has a billion-dollar gold mining industry which means this metal-rich country doesn’t need to rely on imports either.
Creative Lab/Shutterstock
5) France: 2,436 tonnes
France has stockpiled 2,436 tonnes of gold, much of this reportedly acquired during the 1950s and 1960s. Although some is held abroad, most of this gold is said to be held in vaults under the Banque de France in Paris. A few hundred tonnes of French gold was sold off in the early part of this century, but its stocks have remained stable since about 2009.
Cris Foto/Shutterstock
4) Italy: 2,451.8 tonnes
Italy holds just a little bit more gold than France with 2,451.8 tonnes. Unlike most countries, where the gold reserves are owned by the state and managed by their central banks, Italy’s gold is actually owned by the Banca d’Italia, and held in vaults in Rome and at the Swiss National Bank, the Federal Reserve Bank in New York and the Bank of England. The Italian government recently made headlines when it said that it would "not sell a gram" of the gold reserves to fill budget holes.
Dana.S/Shutterstock
3) International Monetary Fund: 2,814 tonnes
The International Monetary Fund (IMF) is a group of 189 countries that work to foster global monetary co-operation. When it was founded in 1944 it was decided that 25% of initial quota subscriptions and subsequent quota increases were to be paid in gold. That remains the main source of the 2,814 tonnes of gold it holds.
almgren/Shutterstock
2) Germany: 3,369.7 tonnes
Germany is the second largest hoarder of gold in the world with 3,369.7 tonnes of it. Concern over its gold falling under Soviet control during the Cold War led to the stockpile being spread around the world. It was thought to be divided between the Federal Reserve Bank in New York, the Bank of England and the Banque de France. Recently, at least half of this bounty has been bought back home to Frankfurt.
The world's most wasteful rich countries revealed
TG MediaDesign/Shutterstock
1) United States of America: 8,133.5 tonnes
The United States of America is the country with the most gold in the world. It has 8,133.5 tonnes of gold bullion. That's nearly as much as Germany, the IMF and Italy combined. The majority of this gold is thought to be held in depositories across America, such as the famous Fort Knox.
Discover some surprising things countries make a fortune from
02 May 2019
Features
SEE MORE ON THIS TOPIC
Comments
VIEW COMMENTS
SHARE THE LOVE

LOVEMONEY.COM
GROUND & MEZZANINE FLOORS
WHITE COLLAR FACTORY
1 OLD STREET YARD
EC1Y 8AF
LOVEMONEY.COM LIMITED IS A REGISTERED COMPANY IN ENGLAND & WALES. COMPANY REG NO: 7406028 VAT NO: 945 6954 72

 

[OllaChuga Oc]

Hivi umehimu wa nchi kutunza dhahabu au malighafi yeyote ya thamani huwa ina faida/hasara gani? Halafu mbona sikuwahi kusikia almasi na madini mengine yakihifadhiwa? Apa bongo huu utaratibu upo?

 

[google helper]

Hivi umehimu wa nchi kutunza dhahabu au malighafi yeyote ya thamani huwa ina faida/hasara gani? Halafu mbona sikuwahi kusikia almasi na madini mengine yakihifadhiwa? Apa bongo huu utaratibu upo?

Huku bongo ni hasara tu tunajali siasa maji taka.

 

[mkorinto]

Hivi umehimu wa nchi kutunza dhahabu au malighafi yeyote ya thamani huwa ina faida/hasara gani? Halafu mbona sikuwahi kusikia almasi na madini mengine yakihifadhiwa? Apa bongo huu utaratibu upo?

mkuu dhahabu inasimama kama ukuta kuilinda thamani ya pesa ya nchi husika.kama ambavyo unanunua kiwanja kikipanda thamani kila kukicha,basi dhahabu inasimama hivyo kifedha kwa nchi.madini mengine kama almasi inafanyika,ila dhahabu iko na soko zaidi.

kuhusu bongo kuhifadhi kwakweli sina hakika hata kama haata tuna kilo tatu pale kwenye kibubu

 

[ze-dudu]

Hadi ufilipino

 

[mbwewe]

Hivi umehimu wa nchi kutunza dhahabu au malighafi yeyote ya thamani huwa ina faida/hasara gani? Halafu mbona sikuwahi kusikia almasi na madini mengine yakihifadhiwa? Apa bongo huu utaratibu upo?

Ulikuwepo sema wafanyakazi wa bot wakawa wanapiga change kota ....walikua wanachukua almasi halisi na Kui place na almasi fake.

 

[Dua]

Faida ya kuwa na Gold bullions ni kuhifadhi uchumi wa nchi kwenye mali yenyewe. Unapohifadhi pesa kama USA dollars au British pounds unazipa nguvu hizo pesa dhidi ya pesa zako mwenyewe. Kuweka bullions kunakufanya uwe na uwezo wa kuamua kuuza pale unapopenda mwenyewe kutokana na soko lililopo kwenye stock exchange.

Angalia historical price ya gold. Bei ni katika british pounds kwa ounce moja.