10 Countries With the Largest Gold Reserves in the World
Gold has always played a critical role in global economies. For centuries, it has been used to measure wealth, stabilize currencies, and provide safety during economic uncertainty. Even today, when paper money and digital currencies dominate transactions, gold remains a trusted asset that countries rely on for financial security. Let’s check out countries with the largest gold reserves.
United States

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When it comes to gold, no one does it like the United States. The country holds 8,133.46 tonnes of gold—more than double the reserves of any other country. This enormous stockpile is mainly stored in Fort Knox, Kentucky, with additional reserves in New York and Denver. The U.S. began amassing this gold during the 20th century, particularly after the Great Depression, when it adopted policies to strengthen its financial system. Although the country abandoned the gold standard decades ago, this massive reserve remains a pillar of confidence in its economy.
Germany

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Germany ranks second globally with 3,351.53 tonnes of gold. During the post-World War II recovery, Germany made it a priority to rebuild its gold reserves. Today, much of this gold is stored in Frankfurt, but significant amounts remain in the U.S. and the UK. Germany’s recent decision to repatriate a portion of its gold shows its focus on economic self-reliance.
Italy

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With 2,451.84 tonnes of gold, Italy’s approach is rooted in the belief that gold provides unparalleled security against currency fluctuations and financial crises. Unlike many other countries, Italy rarely sells its gold, reflecting its conservative economic strategy. The gold is primarily stored in Rome, with smaller portions in New York, London, and Switzerland, ensuring accessibility in international markets.
France

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The Banque de France manages France’s 2,436.94 tonnes of gold. Much of this gold has been in the country’s possession for decades, with a portion acquired during the Bretton Woods era. In recent years, France has used its gold as collateral to secure international loans, further demonstrating its value as a stabilizing asset.
China

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China’s 2,264.32 tonnes of gold are part of a strategic effort to diversify its foreign exchange reserves, which are heavily reliant on U.S. dollars. The People’s Bank of China has quietly expanded its holdings over the past two decades, often purchasing through domestic mining operations to avoid market disruptions. Gold also supports China’s push to position the yuan as a global currency,
Switzerland

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Switzerland, known for its banking and financial systems, has 1,039.94 tonnes of gold. While not a large economy, historically, Switzerland held one of the highest per capita gold reserves, but recent adjustments have reduced the percentage held relative to its total reserves. The Swiss National Bank uses gold to maintain the strength of the Swiss franc, which is crucial for the country’s trade-heavy economy.
India

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Few nations have such a deep cultural and economic connection to gold as India. Gold plays a central role in Indian households as a traditional investment It also takes center stage at weddings and festivals. But beyond its cultural importance, India’s gold reserves support the nation’s foreign exchange stability and economic strategy. The 853.63 tonnes are managed by the Reserve Bank of India.
Japan

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Japan’s 845.97 tonnes of gold reserves are part of its cautious approach to economic management. The Bank of Japan maintains this stockpile as a hedge against financial uncertainty. Japan’s reliance on exports makes it susceptible to global market fluctuations, and its gold reserve serves as a stabilizing factor in its monetary strategy.
Taiwan

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Taiwan, with 422.69 tonnes of gold, uses its reserve as a key tool for maintaining financial stability. Though small in comparison to major economies, Taiwan’s gold holdings play an essential role in supporting the value of its currency and providing a buffer during global uncertainties.
Poland

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Poland has 419.70 tonnes of gold, a number that has grown significantly in recent years. The National Bank of Poland has made a concerted effort to increase its reserves and recognizes gold’s value as a reliable asset in a volatile economic climate. This proactive strategy aims to strengthen Poland’s position within the European Union.
Saudi Arabia

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Saudi Arabia’s 323.07 tonnes of gold complements its vast oil wealth. While the country’s economy is predominantly tied to energy exports, its gold reserves are still part of an important diversification strategy. By maintaining this stockpile, Saudi Arabia adds a layer of protection against oil price volatility, ensuring financial stability for future generations.
United Kingdom

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The UK holds 310.29 tonnes of gold, largely managed by the Bank of England. While its reserve may seem modest compared to its historical dominance, it’s nonetheless a vital part of the nation’s economic framework. London continues to play a significant role in the global gold market, which means the UK is a key player in international financial systems.
Spain

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Spain has 281.58 tonnes of gold in its reserves, which are managed by the Bank of Spain. These holdings are critical to the country’s strategy to maintain economic stability. After economic turbulence in the late 2000s, Spain retained its gold as a stabilizing factor. While these reserves are modest compared to larger economies, they serve as a cushion for its debt-heavy financial system.
Thailand

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With 234.52 tonnes of gold, Thailand relies on its reserves to maintain its financial stability. The Bank of Thailand uses gold to strengthen the baht during volatile periods and maintain confidence in the nation’s foreign exchange reserves. The country’s economy, driven by tourism and exports, is sensitive to external shocks, which makes gold a vital buffer.
Singapore

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Despite its smaller size, Singapore’s 227.61 tonnes of gold involves some excellent strategic financial planning. Managed by the Monetary Authority of Singapore, these reserves serve as a backup to protect against global currency instability. Singapore’s position as a global financial hub means it needs to safeguard against potential disruptions in international markets. Gold plays a pivotal role here by providing both liquidity and trustworthiness.