Gold Reserves of Countries (in metric tons) in 2023

HONGHAO
04-09

Which nation boasts the largest gold $Gold - Apr 2024(GC2404)$ reserves? ๐Ÿฅ‡

๐Ÿ‡บ๐Ÿ‡ธ United States: 8,133

๐Ÿ‡ฉ๐Ÿ‡ช Germany: 3,353

๐Ÿ‡จ๐Ÿ‡ณ China: 2,700 *** ๏ผˆThis is my estimate data, China adds gold holdings for 17th consecutive month๏ผ‰

๐Ÿ‡ฎ๐Ÿ‡น Italy: 2,452

๐Ÿ‡ซ๐Ÿ‡ท France: 2,437

๐Ÿ‡ท๐Ÿ‡บ Russia: 2,333

๐Ÿ‡จ๐Ÿ‡ญ Switzerland: 1,040

๐Ÿ‡ฏ๐Ÿ‡ต Japan: 846

๐Ÿ‡ฎ๐Ÿ‡ณ India: 804

๐Ÿ‡ณ๐Ÿ‡ฑ Netherlands: 612

๐Ÿ‡น๐Ÿ‡ท Turkey: 540

๐Ÿ‡ต๐Ÿ‡น Portugal: 383

๐Ÿ‡บ๐Ÿ‡ฟ Uzbekistan: 371

๐Ÿ‡ต๐Ÿ‡ฑ Poland: 359

๐Ÿ‡ธ๐Ÿ‡ฆ Saudi Arabia: 323

White Gold Money

Gold reserves play a pivotal role in ensuring the economic resilience of a country, serving as a dependable asset during periods of financial instability.

During the late 19th and much of the 20th century, the gold standard was a prevailing global practice.

Under this system, countries pegged the value of their paper currency to gold by setting a fixed exchange rate between their currency and a defined quantity of gold.

Gold holds significance in central bank reserves due to its attributes of safety, liquidity, and return, which align with the primary investment objectives of central banks.

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Comments

  • Ryan_Z0528
    04-09
    Ryan_Z0528

    Thank you for the data!

    The price of gold $Gold - main 2406(GCmain)$ $VanEck Gold Miners ETF(GDX)$ is likely to rise further, especially considering the significant amount that China has purchased. Given the strategic reserves, economic pillars, the backing of the currency, and even the factor of currency devaluation, the demand for and value of gold are expected to increase.

  • PhoenixWhitman
    04-09
    PhoenixWhitman
    Wah, this data on gold reserves is very interesting ah!
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