Gold has long been viewed as the ultimate financial asset – and never more so than during times of uncertainty and financial crisis. In fact, the price of gold hit a record high of around $3,500 (£2.6k) an ounce in April, after passing the $3,000 (£2.2k) mark for the very first time the month before. While the price has since dipped, it's still at a historically elevated high. 

While we no longer use the gold standard to determine the value of currencies, the precious metal is still incredibly useful and is held by many central banks due to its immunity to political changes and economic shocks. It's also a 'liquid asset', meaning it can be converted to cash if required.

But which countries have the most stashed away? Using the latest data from GoldHub, read on to discover the 30 nations that own the most gold as of the first quarter of 2025, unless otherwise stated. 

All dollar amounts in US dollars. Data correct as of 14 May 2025.