Which country has most gold reserves? Number 5 will surprise you.

Which country has most gold reserves? Number 5 will surprise you.

For 5,000 years, gold has witnessed its status as the ultimate preservation of value. Modern investors rush to buy the precious metal. The first place with the largest gold reserves takes up the US with 8,407 tonnes, later Germany, Italy, France and 5 Russia. We bring you [...]

The first place with the largest gold reserves takes up the US with 8,407 tonnes, later Germany, Italy, France and 5 Russia.

We're bringing you five places with the largest reserves of gold.

1 - United States

Washington reportedly holds the world's largest gold reserves of 8,407 tonnes. This accounts for more than 75 percent of national currency reserves.

2-Germany

The German bank currently owns 3,483 tonnes of gold, which accounts for more than 70 percent of Germany's currency reserves. The regulator has attempted to repatriate about 674 tonnes of gold held by the Bank of France and the Federal Bank of American Reserves. The nation's gold repatriation is expected to be completed by 2020.

3-Italia

With 2.534 tons of gold in its ark, Italy descended to third place. The amount accounts for about 70 percent of the country's currency reserves. According to the policy followed by the Bank of Italy, gold is the safest investment in the time of economic turmoil and protection against American dollar instability.

4-France

Paris is said to own 2,518 tons of precious metal, which makes up about 60 percent of all French currency reserves. French politician Marine Le Pen has repeatedly demanded the sale of national gold and the repatriation of all the bars of France held by foreign states.

5-Russia

Russia's Central Bank has made major gold purchases in the past six years. In 2017, Russia removed China from the list of five countries with the largest gold reserves. In recent years Russia became the world's leading gold buyer with net 651.5 tonnes of metric purchase. In February, the Russian Central Bank increased the collection of precious metals to 2,149 tonnes.

 

Related
Miftarian: What it means to vote the government and go to the polls after 60 days

Miftarian: What it means to vote the government and go to the polls after 60 days

The coach who chose players by horoscope? France's unusual 2006 World History

The coach who chose players by horoscope? France's unusual 2006 World History

Tivar: Kosovo arrested, allegedly stealing over 100,000 euros from a vehicle

Tivar: Kosovo arrested, allegedly stealing over 100,000 euros from a vehicle

"Thing and the Wounds of Glory." The first graphic novel by Blerim Jocci comes into the hands of readers

"Thing and the Wounds of Glory." The first graphic novel by Blerim Jocci comes into the hands of readers

209 bank accounts, 121 real estate and dozens of luxury SPAK vehicles hit the trafficking group

209 bank accounts, 121 real estate and dozens of luxury SPAK vehicles hit the trafficking group

High temperatures, construction work is required between 11:00 and 5:00.

High temperatures, construction work is required between 11:00 and 5:00.

Fight between Argentina and Algeria fans before the World match

Fight between Argentina and Algeria fans before the World match

Trump: Iran won't have nuclear weapons

Trump: Iran won't have nuclear weapons

Who are the most numerous candidates and at least votes from the diaspora so far

Who are the most numerous candidates and at least votes from the diaspora so far

Trump: Iran won't have nuclear weapons

Trump: Iran won't have nuclear weapons

They allegedly took bribes, IPK recommends suspension of three police officials in Prizren

They allegedly took bribes, IPK recommends suspension of three police officials in Prizren

Car hit by one footman in Pristina

Car hit by one footman in Pristina

CEC: If there are no complaints after counting mail and parole papers, final results will be announced

CEC: If there are no complaints after counting mail and parole papers, final results will be announced