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The countries who own the most gold

Who's stockpiling gold?
30) Sweden: 125.7 tonnes
29) Singapore: 127.4 tonnes
28) Thailand: 154 tonnes
27) Venezuela: 161.2 tonnes
26) Algeria: 173.6 tonnes
25) Philippines: 197.9 tonnes
24) Belgium: 227.4 tonnes
23) Poland: 228.6 tonnes
22) Austria: 280 tonnes
21) Spain: 281.6 tonnes
20) Lebanon: 286.8 tonnes
19) United Kingdom: 310.3 tonnes
18) Saudi Arabia: 323.1 tonnes
17) Uzbekistan: 335.9 tonnes
16) Portugal: 382.5 tonnes
15) Kazakhstan: 385.5 tonnes
14) Turkey: 412.5 tonnes
13) Taiwan: 422.4 tonnes
12) European Central Bank: 504.8 tonnes
11) The Netherlands: 612.5 tonnes
10) India: 633.1 tonnes
9) Japan: 765.2 tonnes
8) Switzerland: 1,040 tonnes
7) China: 1,948.3 tonnes
6) Russia: 2,271.2 tonnes
5) France: 2,436 tonnes
4) Italy: 2,451.8 tonnes
3) International Monetary Fund: 2,814 tonnes
2) Germany: 3,366.5 tonnes
1) USA: 8,133.5 tonnes
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Who's stockpiling gold?

Gold has long been viewed as the ultimate financial asset, and never more so than during times of financial crisis such as the current one caused by the coronavirus pandemic. While we no longer use the ‘Gold Standard’ to determine the value of currencies, the precious metal is still incredibly useful and held by many central banks because it provides stability as it’s not impacted by political changes or economic shocks, plus it’s a liquid asset which means it can be converted to cash if needed. But who has the most stashed away? Using the 2020 World Official Gold Holdings Chart, click or scroll through the top 30 countries that own the most gold.

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lovemoney staff

19 July 2020

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