Discover the Top 5 Countries with the Highest Gold Reserves

• Gold reserves are gold owned by a government, central bank, or financial institution.
• Gold reserves are assets that are held in trust and only expended under special circumstances.
• Gold is considered a currency, as it circulates around the world.

Gold is a precious metal that has been valued throughout human history. In modern times, gold is used as a form of currency and a store of value. Gold reserves are gold owned by a government, central bank, or financial institution. Gold reserves are assets that are held in trust and only expended under special circumstances.

China

In 2018, the country's gold reserves were valued at $1.14 trillion, according to the International Monetary Fund (IMF).
Russia
Russia's gold reserve is valued at $1.1 trillion, according to the IMF. The nation's central bank has announced that it will consider selling some of its gold reserves in an effort to help its economy.
Germany
Germany's gold reserves were valued at $1.1 trillion in 2018, according to the IMF.

United States
The nation's gold reserve is valued at $1.1 trillion, according to the IMF.

Italy
Italy's gold reserves were valued at $1.05 trillion in 2018, according to the IMF.

Russia

With 2,113 tons of gold, Russia is the world's largest gold holder.
China
With 1,842 tons of gold, China comes in second.

U.S.
With 1,842 tons of gold, the U.S. is in third.

Germany
With 1,374 tons of gold, Germany is in fourth.

France
With 1,378 tons of gold, France is in fifth.

Germany

Germany is in the top five countries with the highest gold reserves. As of September 2022, German gold reserves were valued at $287.4 billion.
China
China has emerged as a global leader in gold production, second only to South Africa. As of September 2021, China's gold reserves were valued at $1.16 trillion.
France
As of September 2021, France's gold reserves were valued at $1.13 trillion.
Russia
Russia's gold reserves were valued at $1.05 trillion as of September 2021.
Italy
Italy's gold reserves were valued at $1.03 trillion as of September 2021.

France

Gold reserves: 2,144.9 metric tons

Change in reserves: -12.4 metric tons

Exchange rate: $1 = 1.2264 euro

Current value: $41.7 billion

Russia
Gold reserves: 2,113.3 metric tons

Change in reserves: -3.7 metric tons

Exchange rate: $1 = 68.3 ruble

Current value: $384.9 billion

Germany
Gold reserves: 2,044.3 metric tons

Change in reserves: 0.7 metric tons

Exchange rate: $1 = 1.1398 euro

Current value: $41.5 billion

Italy
Gold reserves: 2,023.5 metric tons

Change in reserves: -8.7 metric tons

Exchange rate: $1 = 1.0973 euro

Current value: $37 billion

China
Gold reserves: 1,842.4 metric tons

Change in reserves: 4.3 metric tons

Exchange rate: $1 = 6.9794 yuan

Current value: $463.3 billion

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United States

The United States of America holds over 8,100 tons of gold, which equals 58% of its reserves. However, its gold reserves are held in the form of coins, bullion, and bars, which are only 5% of its reserves.
China
With 1,054 tons of gold, China holds the second largest gold reserves. However, its gold reserves are mainly in the form of coins, bullion, and bars, which equal only 1% of its reserves.
Germany
With 3,381 tons of gold, Germany holds the third largest gold reserves. Its gold reserves are mainly in the form of coins, bullion, and bars, which equal 2% of its reserves.
France
With 2,381 tons of gold, France holds the fourth-largest gold reserves. Its gold reserves are mainly in the form of coins, bullion, and bars, which equal 2% of its reserves.
Italy
With 2,027 tons of gold, Italy holds the fifth-largest gold reserves. Its gold reserves are mainly in the form of coins, bullion, and bars, which equal 3% of its reserves.