Top 10 Country by Total Reserves Including Gold (1960-2020) - Ranking History !

This video is about top 10 Country by Total Reserves Including Gold (1960-2020). Total reserves comprise holdings of monetary gold, special drawing rights, reserves of IMF members held by the IMF, and holdings of foreign exchange under the control of monetary authorities.

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The top 10 central banks with the largest gold reserves have remained mostly unchanged for the last few years. The United States holds the number one spot with over 8,000 tonnes of gold in its vaults – nearly as much as the next three countries combined. For seven consecutive years the Russian Central Bank has been the largest purchaser of gold, increasing its holdings by 274 tonnes in 2018. Kazakhstan was the second largest buyer and holds spot number 14 of the world’s largest central bank gold holdings.

Not every central bank is a net buyer. Venezuela has been selling off its gold reserves in order to support its struggling government. However, gross official sector sales declined by 26 percent last year, to the lowest since 2013, indicating that central banks are happy to keep their reserves in gold, historically viewed as a safe-haven asset.


10. Netherlands
Tonnes: 612.5

Percent of foreign reserves: 67.7 percent

The Dutch Central Bank announced that it will be moving its gold vaults from Amsterdam to Camp New Amsterdam, about an hour outside the city, citing burdensome security measures of its current location. As many others have pointed out, this seems odd, given that the bank fairly recently repatriated a large amount of its gold from the U.S.

9. India
Tonnes: 618.2

Percent of foreign reserves: 6.5 percent

It’s no surprise that the Bank of India has one of the largest stores of gold in the world. The South Asian country, home to 1.25 billion people, is the second largest consumer of the precious metal, and is one of the most reliable drivers of global demand. India’s festival and wedding season, which runs from October to December, has historically been a huge boon to gold’s Love Trade.

Construction on the Golden Temple in Amritsar, India, concluded in 1604

8. Japan
Tonnes: 765.2

Percent of foreign reserves: 2.7 percent

Japan, the world’s third largest economy, is also the eighth largest hoarder of the yellow metal. Its central bank has been one of the most aggressive practitioners of quantitative easing—in January 2016, it lowered interest rates below zero—which has helped fuel demand for gold around the world.

7. Switzerland
Tonnes: 1,040.0

Percent of foreign reserves: 5.7 percent

In seventh place is Switzerland, which actually has the world’s largest reserves of gold per capita. During World War II, the neutral country 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.

6. China
Tonnes: 1,936.5

Percent of foreign reserves: 2.8 percent

In the summer of 2015, the People’s Bank of China began sharing its gold purchasing activity on a monthly basis for the first time since 2009.

5. Russia
Tonnes: 2,219.2

Percent of foreign reserves: 19.6 percent

4. France
Tonnes: 2,436.1

Percent of foreign reserves: 60.8 percent
France’s central bank has sold little of its gold over the past several years, and there are calls to halt it altogether.

3. Italy
Tonnes: 2,451.8

Percent of foreign reserves: 67.4 percent


2. Germany
Tonnes: 3,366.8

Percent of foreign reserves: 71.9 percent

In 2017 Germany completed a four-year repatriation operation to move a total of 674 tonnes of gold from the Banque de France and the Federal Reserve Bank of New York back to its own vaults.


1. United States
Tonnes: 8,133.5

Percent of foreign reserves: 76.0 percent

With the largest official holdings in the world, the U.S. lays claim to nearly as much gold as the next three countries combined. It also has the highest gold allocation as a percentage of its foreign reserves at 76 percent. From what we know, the majority of U.S. gold is held at Fort Knox in Kentucky, with the remainder held at the Philadelphia Mint, Denver Mint, San Francisco Assay Office and West Point Bullion Depository. Which state loves gold the most? Well, the state of Texas went so far as to create its very own Texas Bullion Depository to safeguard investors’ gold.