The Prospector News

Top 12 Gold Holders Worldwide by Country and Institutions in 2020

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Top 12 Gold Holders Worldwide by Country and Institutions in 2020

 

 

 

 

 

Data compiled by Finbold.com indicates that the United States holds the largest stockpile of the global Gold Reserves at 14.81% (8,965.15 tons). The data further shows that the global Gold Reserve stood at 58,710.48 tons by March 24.

 

The US controls 15% of all Gold Reserves worldwide, more than Germany and Italy combined

 

Germany has the second-highest gold reserves at 3,709.14 tons followed by the International Monetary Fund which has 3,101.53 tons in reserves. Italy is ranked fourth at 2,702.39 tons.

 

Interestingly, both Italy and Germany when combined have less Gold Reserves than the US. France occupies the fifth spot with Gold reserves of 2,684.98 tons.

 

Other countries and institutions with high reserves include Russia (2,504.21 tons), China (2,159.80 tons), Switzerland (1,146.12 tons), Japan (842.98 tons), India (686.03 tons), Netherlands (674.78 tons) and the European Union (556.04 tons). 

 

According to the report:

 

“Countries usually buy gold as a defensive measure to protect against inflation, acquire loans and prevent economic meltdowns.”

 

For most countries, Gold Reserves usually contributes to their creditworthiness in the issuance of currency and bonds. 

 

An overview of the year to date (YTD) production of the world’s top five precious metals shows that Lithium holds the top spot with a production of 21,420.80 tons. Silver comes second with 6,804.21 tons while gold has a production capacity of 821.54 tons.

 

Palladium and Platinum occupy the fourth and fifth spots at 48.23 tons and 36.75 tons respectively. 

 

Precious metals are considered to be rare and have high economic value. These metals’ high value is driven by factors like their rarity, uses in industrial processes and investment vehicles.

 

The statistics, charts and in-depth information can be found here: https://finbold.com/top-gold-holders-worldwide-by-country-and-institutions/

 

Posted March 25, 2020

Share this news article

MORE or "UNCATEGORIZED"


K92 Mining Closes CAN$50 Million Bought Deal Financing

K92 Mining Inc. (TSX: KNT) is pleased to announce that, further t... READ MORE

July 6, 2022

NMG Issues Results of Feasibility Study for its Integrated Ore-to-Anode-Material Model Projected to be North America’s Largest Natural Graphite Operation with Attractive Economics

This news release constitutes a “designated news release” for... READ MORE

July 6, 2022

STEP OUT DRILLING AT PANUCO EXPANDS THE SAN ANTONIO VEIN ALONG STRIKE AND DOWN DIP

Vizsla Silver Corp. (TSX-V: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) i... READ MORE

July 6, 2022

Brixton Metals Drills 64m of 5.74 g/t Gold Including 28.95m of 10.36 g/t Gold at its Trapper Target on its Thorn Project

Brixton Metals Corporation (TSX-V: BBB) (OTCQB: BBBXF) is pleased... READ MORE

July 6, 2022

1911 Gold Intersects Gold Mineralization in First-Pass Drilling at the Apex Property, Manitoba

1911 Gold Corporation (TSX-V: AUMB) (OTCQX: AUMBF) is pleased t... READ MORE

July 6, 2022

We acknowledge the [financial] support of the Government of Canada.

Government of Canada Supported
Copyright 2022 The Prospector News