Countries Having Most Of The World’s Gold

[Shahzad Shameem]

Countries Having Most Of The World’s Gold (Source: wowpics) Read this Article in Urdu Countries have been stockpiling gold in the recent years as low borrowing costs combined with an unprecedented amount of central-bank stimulus programs have boosted its appeal. Once just considered an inflation hedge, gold is now also used as a safe haven investment and a protection against currency devaluation as global stimulus programs threaten to devalue the world’s reserve currencies. Here is a top ten list of the country’s holding the most gold as reserves:   Netherlands - Gold holdings: 612.5 tonnes - Percentage of total foreign reserves: 58.7%   Japan - Gold holdings: 765.2 tonnes - Percentage of total foreign reserves: 3.1%   Russia - Gold holdings: 976.9 tonnes - Percentage of total foreign reserves: 9.5%   Switzerland - Gold holdings: 1,040.1 tonnes - Percentage of total foreign reserves: 10.0%   China - Gold holdings: 1,054.1 tonnes - Percentage of total foreign reserves: 1.6%   France - Gold holdings: 2,435.4 tonnes - Percentage of total foreign reserves: 69.5%    Italy - Gold holdings: 2,451.8 tonnes - Percentage of total foreign reserves: 71.3%   IMF - Â The IMF holds a relatively large amount of gold among its assets. The IMF’s total gold holdings are valued on its balance sheet at about $4.9 billion on the basis of historical cost. - Gold holdings: 2,814.0 tonnes   Germany - Gold holdings: 3,391.3 tonnes - Percentage of total foreign reserves: 72.1%   United States - The United States of America holds more gold than any other country in the world. -Gold holdings: 8,133.5 tonnes - Percentage of total foreign reserves: 75.1%

Shahzad Shameem