Gold reserves play a vital role and emerged as a key asset for any nation as they come to the rescue when the country witnesses a financial crisis. Central banks of a country usually hold gold in the form of gold reserves. Gold reserves have been offering incredible stability as they remain unaffected by economic downturns or political deviations.
Why do countries try to maintain high gold reserves?
The fact is that gold has emerged as one of the safest investment alternatives and remains unaffected by economic and political changes and this is the reason why nations globally try to maintain high gold reserves. Other factors include gold has worldwide acceptance, use as an insurance cover against economic downturns, and popularity, among others.
Below is the list of countries that has the maximum gold in the entire world.
The top spot is captured by the United States of America. It holds the world’s highest gold reserves with 8133.47 metric tonnes of gold.
After the USA, the second spot is grabbed by Germany. It is holding 3,355.14 metric tonnes of gold.
The country has amassed gold reserves of nearly 2,451.84 metric tonnes.
It has taken the fourth spot when it comes to holding the largest gold reserves at a global level. It has saved 2,436.50 metric tonnes of gold.
The country’s gold reserves are estimated to be 2298.53 metric tonnes of gold according to data available.
Our neighbor China figures at the 6th spot in the list. The country has 1948.39 metric tonnes of gold in its reserves.
One of the most beautiful places on the earth takes pride in the fact that its name is figured in the list of nations with the top 10 largest reserves. It has 1040 metric tonnes of gold available in its reserves.
The country has 845.87 metric tonnes of gold in its reserves.
Our neighbor India has managed to amass 768.80 metric tonnes of gold in its reserves.
The country has approximately 612.45 metric tonnes of gold in its reserves.