Owns the Most Gold ? By
CoinLink on Tuesday, July 21, 2009
ten largest owners of gold in the world are reported to control
a total of 24,258.3 tonnes, or over 855 million ounces. At
current spot prices, this gold would be worth approximately
$804.35 billion and represents about 15.4% of all the gold
The Netherland central bank, De Nederlandsche Bank, oversees
all of the the Dutch national finances, including the
country’s 612.5 tonnes of gold . The Dutch gold is currently
worth over $20 billion .
Japan is ninth largest gold owner in the world, with 765.2
tonnes of gold that accounts for only2.1% of the nation’s
total foreign reserves. On the open market, Japan’s gold
reserves are worth approximately $25.4 billion and are
managed by the Bank of Japan.
The Swiss National Bank oversees the country’s 1,040.1
tonnes of gold. The gold is believed to be stored in huge
underground vaults near the federal Parliament building
in Berne, however the Swiss National Bank treats the location
of the gold reserves as a secret. Switzerland’s stockpile
is worth approximately $34.5 billion in today’s gold market.
The world’s most populous country also has the world’s
seventh largest gold reserve. With a population of 1,330,440,055
(A rough estimate as of July 2009), the country holds
about $26 worth of gold per person, worth a total of almost
Originally listed on the New York Stock Exchange in 2004,
SPDR Gold Shares is one of the fastest growing ETFs in
the world. All of the Trust’s gold is held by the Custodian,
HSBC Bank, in their London vault.
The Banque De France is responsible for France’s gold
holdings, which have been reported at about 2,450.7 tonnes
by the International Monetary Fund. With the fifth largest
gold reserve in the world, France’s amount to about $81.3
The Italian National Bank, Banca D’Italia, manages the
country’s large gold holdings, with approximately 2,451.8
tonnes of gold in reserve, Italy’s holdings are very close
to France’s and are also worth approximately $81.3 billion
at current prices.
The International Monetary Fund oversees the global financial
system of its 185 member countries and was formed to stabilize
international exchange rates and facilitate development,
mainly to poorer countries.
The Deutsche Bundesbank, Germany’s central bank, is one
of the most influential member of the European System
of Central Banks. With a hefty 3,412.6 tonnes of gold
reserves, which are valued at about $113.2 billion at
The United States holds the largest gold reserve in the
world. With 8,133.5 tonnes, the US gold holdings are worth
approximately $269.67 billion. This massive gold reserve
represents about .9436 an ounce for ever person living
in the country. The majority of the American gold is reported
to be held in the world famous United States Bullion Depository
in Fort Knox, Kentucky, although no audit has been conducted
in over 40 years.