Check out these 10 countries with the largest gold reserves in the world! This top 10 list features some of the richest and wealthiest countries on earth that have tons of gold bars stacked up somewhere!
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10.) India
According to the World Gold Council, the Bank of India currently holds 557.7 tons of gold. It is one of the largest stores of gold in the world! This makes up 9.9 % of the country’s total foreign reserve. Foreign exchange reserves is money or other assets held by a nation’s central bank so they can back the national currency.
India, home to 1.25 billion people, is the number one largest consumer of the precious metal. Furthermore, India is one of the most reliable drivers of global demand. For example, India’s festival and wedding season, which runs from October to December, has historically been a major market for gold. And probably, one of the most interesting facts about India and gold is that India rarely invests much in gold. This is because as a country, India operates under the belief that buying gold leads to a deficit. And their belief must be proving right as things also seem to be improving for India. For instance, if you look at the last few years, India has increased its gold reserves from 557.74 to 557.77. While this might not seem like a lot, India is also at its highest point in history! In addition to what the country holds, Indian households which are considered the world’s largest hoarders of gold, hold a record 23,000-24,000 tons, which is worth about $800 billion.
9.) Netherlands
In the past few years, the Netherlands has held 52% of its foreign reserve in gold. The Netherlands has a reported 612.45 tons. In 2016 it was reported that the bank was looking for a place to store all its gold because they were going to renovate the vaults and needed to moving it. The Dutch central bank is planning to move the country’s gold reserves from the center of Amsterdam to a new complex called the Cash Center. Like most countries, Dutch gold is also held in banks around the world to reduce risk. Security measures to guard the gold 24/7 have become a problem in Amsterdam. 189,000 kilos of gold will be moved at the beginning of 2022.
Maybe this is one reason that over the last decade and a half, the Netherlands was selling off tons of gold in order to reduce its reserve. However, there weren’t that many buyers out there and they sold less than the country wanted. More recently the country has had less ambition to sell gold. Currently, the country holds the same amount of tons, 612.45 that they have over the last few years. However, the country has increased its percentage of foreign reserves to 61.2 %.
8.) Japan
Japan is another country which had been increasing its gold reserves since the 1960’s. Their official gold holdings were reported at 765.2 tons. About 2.4% of Japan’s gold today is in foreign reserve. Historically, Japan has always held a bit more gold than other countries. This was true until 2011, when they began to sell some of their reserve in order to pump money into the economy after the tsunami and the following Fukushima nuclear disaster.
But even with selling, Japan’s central bank has been one of the most aggressive practitioners of quantitative easing. For example, in January of 2016, it lowered interest rates below zero, which has helped fuel demand in gold around the world.
7.) Switzerland
Prior to 1997, Switzerland was steadily building its gold reserves. In 1997, the decision was made to sell some of those reserves to bolster the Swiss currency and diversify the foreign reserves. The percent of foreign reserves in Switzerland is currently 6.7 %.
Switzerland actually has the world’s largest reserves of gold per capita and currently has reported 1,040 tons. Over time, many citizens in the country started to feel like the bank was getting rid of too much gold. They then banded together with the “Save the Swiss” movement. However, once everyone was able to vote in 2014, the vote came to a no, and gold continued to be sold. During World War II, Switzerland became the center of the gold trade in Europe, making transactions with both the Allies and Axis powers. Today, much of its gold trading is done with Hong Kong and China. Around last year, the Swiss National Bank made a $5.9 billion profit, reportedly from its gold holdings.
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King Ali Aljanabi swiss køber
https://youtu.be/tQ50_O4VmaE
https://tradingeconomics.com/russia/gold-reserves
Wrong!!! The russian gold reserves are 1800 tons at Jan 2018.
Inaccurate and outdated
Wrongly history, don forget Myanmar
India is so rich yet so poor, stop being so corrupted and treat your people with respect and invest in your country and stop selling your riches for small coins. WAKE THE FUCK UP!
https://www.youtube.com/watch?v=Z4uvHv35JKg i just watched this lol
THIS IS NOT CORRECT SORRY. THESE COUNTRIES MENTIONED HERE HAS SO LITTLE GOLD RESERVES. PLEASE MAKE A GOOD RESEARCH. THIS VIDEO IS ERRONEOUS. WHAT ABOUT THE GOLD IN THE PHILIPPINES WHICH ACCORDING TO THE WORLD BANK IS 400,000 TONS?
this video is nonsense pls do a research first your fucking idiot at all.
Lol India should be no 1 in Indian temples more than 50lac crores gold is reserved it means trillion of dollars
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Most gold and diamond are from india… The fucking British took it all….
that’s a joke. the US has no gold. it’s all gone. ft. knox is empty. that’s why people who work there have to sign a non disclosure agreement. think about it…….if everyone thinks all the gold is there and people who work there say all the gold is there, it’s not a problem. the problem is when everyone thinks the gold is there and the people who work there say there’s not gold there.
They don’t help their own people. .they advertise help needed from other countries and then we the people donate in the hope that the donations get to the poor people. Sad to say..MOST of it doesn’t..
US and UK didn’t have any resources on their land they always kill Africans and stole their resource
gadaaffi and Sadam also had tons of gold, but guess who stole it?
ayaw nila ipaalam na ang pilipinas ang bansa na pinakamayaman sa ginto..ayaw nila nila ipaalam sa mga tao na ang pilipinas ang ang tinutukoy sa bible kung San pinagkukunan ng ginto ni king Solomon..ang pilipinas ay ang Ophir..
“Reserve,” is when you DO NOT use.
Philippine has million tons of gold.
Well, if you believe America has any gold, you are a fool, and just for the record China has at least 15,000 tons, and Russia has even more. If you are going to produce a video like this, get your stats right!
FYI : Bank of India is a small commercial bank while Reserve Bank of India is India’s central bank with over 400B US$ in reserves
No wonder Africa didn’t mention, fucking thieves.
NOLGOLA RAJBARI @BHAWAL RAJBARI
Indian government has only 10% of that of ,with Indian wifes & Indian temples ,which is not calculated by any one..
THAT IS WHY ISREAL LIKE TO GO OVER THERE SALIVATING FOR IT AND TO GET THEIR Hands on it for the Zionists their founder.
some filipinos still believe that our country have 720k metric tons of gold. i want to believe too but im not that fool to believe on a gold that has not been seen or atleast been photographed atleast once.
Then at the end of the day, all the gold “WORLD WIDE” is own by the Rothschild!
So that’s the fucking reality and truth, about gold!
Taegan Tallano gold is mitric tons
10,000 ton of gold is with Indian wifes according to a calculation appx.
VERY DANGEROUS AND VERY HARDEST USA .INC
Absolutely bull shit information !
us bank have no gold
Wonder how much gold at the Vatican?
Philippines is the riches i think
wrong info, the no. 1 largest gold reserve is the philippines, search the solomon temple..
No one knows how much gold there is…everyone give your head a good shake….who in their right mind is going to disclose their wealth…all these so called facts everyone is stating on here is absolutely comical stand back and look how stupid u look….really…do u think these countries will disclose the true figure of gold reserves….
FAKE!!
India was the richest country for 8600 years but I think it should be 2or3