Where Is The Largest Stockpile Of Gold Reserves
Olivia Luz
Government has almost as many reserves as the next three.
It s no surprise that the bank of india has one of the largest stores of gold in the world. Updated aug 31 2018 the united states holds the largest stockpile of gold reserves in the world by a considerable margin. The largest stockpile of gold in the world is stored in the federal reserve bank of new york with around 550 000 bars of it buried deep below manhattan. Percent of foreign reserves.
In seventh place is switzerland which actually has the world s largest reserves of gold per capita. This page provides values for gold reserves reported in several countries. The world gold council estimates that all the gold ever mined totaled 190 040 metric tons in. The table has current values for gold reserves previous releases historical highs and record lows release frequency reported unit and currency plus links to historical data charts.
A gold reserve was the gold held by a national central bank intended mainly as a guarantee to redeem promises to pay depositors note holders e g. Paper money or trading peers during the eras of the gold standard and also as a store of value or to support the value of the national currency. The international monetary fund imf is the third largest holder of gold with 2 814 tonnes 90 5 million troy ounces. Percent of foreign reserves.
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In fact the u s. According to key to the gold vault a federal reserve bank of new york publication the gold vault in the new york fed s basement is the world s largest accumulation of gold and belongs to 36 foreign governments central banks and official international organizations.
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