The price of gold reached an all-time high of $1432 per ounce in December, rising 29% in 2010 following uncertainty in the equity markets and European sovereign debt problems.
The biggest individual holders of gold - Central banks, International entities and governments - are believed to account for approximately 16.5 percent of the world's gold
15. Venezuela
Value of Reserves: $17.33 billion
Holdings Total: 401.1 tons
Banco Central de Venezuela manages the 401.1 tons of gold in the country’s reserves, which amount to approximately $17.33 billion, representing 52.4 percent of the country's foreign reserves.
Although Venezuela currently has the fifteenth
14. Portugal
Value of Reserves: $18.21 billion
Holdings Total: 421.6 tons
The westernmost nation in mainland Europe is home to the fourteenth largest gold reserve in the world. At 421.6 tons, Portugal’s holdings are overseen by Banco de Portugal and are worth roughly $18.21 billion, accounting for 81.1 percent of the country’s foreign reserves
13. Taiwan
Value of Reserves: $20.17 billion
Holdings Total: 466.9 tons
Renowned for its technology industry and robust economic growth, Taiwan also boasts one of the largest gold reserves in the world.
The Central Bank of the Republic of China (Taiwan) manages the island nation’s foreign reserves, which have been reported at 466.9
12. European Central Bank (ECB)
Value of Reserves: $23.88 billion
Holdings Total: 522.7 tons
Established in 1998 by the European Union, the European Central Bank is responsible for the monetary policy of the member nations of the Eurozone and is headquartered in Frankfurt, Germany.
The ECB's 522.7 tons of gold accounts for 25.2
11. India
Value of Reserves: $26.56 billion
Holdings Total: 614.8 tons
Shooting up in the rankings in the past years is India. The second most populous nation in the world maintains the eleventh largest gold reserves. The size of India's holdings were bolstered in November 2009 by a $6.9 billion purchase of 200 tons of gold from the IMF.
10. Netherlands
Value of Reserves: $29.67 billion
Holdings Total: 675.2 tons
The Netherlands has the tenth largest reserve on the list with 675.2 tons of gold. The Netherland Bank manages the country’s national finances, including the gold reserves, which amount to approximately $26.67 billion and account for 57.5 percent of the country's foreign reserves.
9. Japan
Value of Reserves: $36.43 billion
Holdings Total: 843.5 tons
Although Japan is ninth on the list, its 843.5 tons of gold account for only 3 percent of total foreign reserves. On the open market, Japan's gold reserves are worth around $36.43 billion, and are overseen by the Bank of Japan
8. Russia
Value of Reserves: $36.91 billion
Holdings Total: 854.5 tons
The Central Bank of the Russian Federation is in charge of the country’s 854.5 tons of gold, which are valued at $36.91 billion and comprise 6.7% of the country’s foreign reserves.
In 2009 Russia increased its gold production by 21%, due in part to the launch of several new
7. Switzerland
Value of Reserves: $49.53 billion
Holdings Total: 1,146.5 tons
The Swiss National Bank conducts Switzerland's monetary policy and manages the country's 1,146.5 tons of gold.
With the world's seventh largest reserve of the precious metal, Switzerland's supply is worth approximately $49.53 billion in today's gold
6. China
Value of Reserves: $50.19 billion
Holdings Total: 1,161.9 tons
At 1,161.9 tons, the world's most heavily populated country has the world's sixth largest gold reserve. Expect it to be higher? Well, bear in mind that China's gold only accounts for 1.7 percent of its foreign reserves. With a population of 1.34 billion, the country holds about $37.45 worth of gold per person,
5. France
Value of Reserves: $115.97 billion
Holdings Total: 2,684.6 tons
The French National Bank, Banque De France, is home to the country's gold holdings, which comprise 67.2 percent of its foreign reserves. With 2,684.6 tons of gold in reserve, France's holdings are worth approximately $115.97 billion.
4. Italy
Value of Reserves: $116.75 billion
Holdings Total: 2,702.6 tons
The Banca D'Italia manages Italy's foreign reserves, which have been reported at 2,702.6 tons by the World Gold Council and comprise the fourth largest gold reserve in the world.
These holdings are worth $116.75 billion and account for 68.6 percent of the country's
3. International Monetary Fund (IMF)
Value of Reserves: $135.56 billion
Holdings Total: 3,137.9 tons
The IMF oversees international economic operations of 185 member countries. Its gold policies have changed in the last 25 years, but the reserves remain to stabilize international markets and aid national economies.
2. Germany
Value of Reserves: $161.99 billion
Holdings Total: 3,749.8 tons
The Deutsche Bundesbank, Germany's central bank, has 3,749.8 tons of gold reserves, which are valued at about $161.99 billion. According to the World Gold Council, Germany’s gold coffers account for 70.3 percent of total foreign reserves.
1. United States
Value of Reserves: $387.32 billion
Holdings Total: 8,965.6 tons
The United States Bullion Depository in Kentucky — otherwise known as Fort Knox — is the most famous gold stockpile in the world. It holds the majority of the nation’s gold reserves, the remainder of which is held at the Philadelphia Mint, the Denver Mint, the West Point Bullion Depository and the San Francisco Assay Office.
Altogether, the total gold reserves of the United States equal 8,965.6 tons and would be valued at approximately $387.32 billion in today's market.
The biggest individual holders of gold - Central banks, International entities and governments - are believed to account for approximately 16.5 percent of the world's gold
15. Venezuela
Value of Reserves: $17.33 billion
Holdings Total: 401.1 tons
Banco Central de Venezuela manages the 401.1 tons of gold in the country’s reserves, which amount to approximately $17.33 billion, representing 52.4 percent of the country's foreign reserves.
Although Venezuela currently has the fifteenth
14. Portugal
Value of Reserves: $18.21 billion
Holdings Total: 421.6 tons
The westernmost nation in mainland Europe is home to the fourteenth largest gold reserve in the world. At 421.6 tons, Portugal’s holdings are overseen by Banco de Portugal and are worth roughly $18.21 billion, accounting for 81.1 percent of the country’s foreign reserves
13. Taiwan
Value of Reserves: $20.17 billion
Holdings Total: 466.9 tons
Renowned for its technology industry and robust economic growth, Taiwan also boasts one of the largest gold reserves in the world.
The Central Bank of the Republic of China (Taiwan) manages the island nation’s foreign reserves, which have been reported at 466.9
12. European Central Bank (ECB)
Value of Reserves: $23.88 billion
Holdings Total: 522.7 tons
Established in 1998 by the European Union, the European Central Bank is responsible for the monetary policy of the member nations of the Eurozone and is headquartered in Frankfurt, Germany.
The ECB's 522.7 tons of gold accounts for 25.2
11. India
Value of Reserves: $26.56 billion
Holdings Total: 614.8 tons
Shooting up in the rankings in the past years is India. The second most populous nation in the world maintains the eleventh largest gold reserves. The size of India's holdings were bolstered in November 2009 by a $6.9 billion purchase of 200 tons of gold from the IMF.
10. Netherlands
Value of Reserves: $29.67 billion
Holdings Total: 675.2 tons
The Netherlands has the tenth largest reserve on the list with 675.2 tons of gold. The Netherland Bank manages the country’s national finances, including the gold reserves, which amount to approximately $26.67 billion and account for 57.5 percent of the country's foreign reserves.
9. Japan
Value of Reserves: $36.43 billion
Holdings Total: 843.5 tons
Although Japan is ninth on the list, its 843.5 tons of gold account for only 3 percent of total foreign reserves. On the open market, Japan's gold reserves are worth around $36.43 billion, and are overseen by the Bank of Japan
8. Russia
Value of Reserves: $36.91 billion
Holdings Total: 854.5 tons
The Central Bank of the Russian Federation is in charge of the country’s 854.5 tons of gold, which are valued at $36.91 billion and comprise 6.7% of the country’s foreign reserves.
In 2009 Russia increased its gold production by 21%, due in part to the launch of several new
7. Switzerland
Value of Reserves: $49.53 billion
Holdings Total: 1,146.5 tons
The Swiss National Bank conducts Switzerland's monetary policy and manages the country's 1,146.5 tons of gold.
With the world's seventh largest reserve of the precious metal, Switzerland's supply is worth approximately $49.53 billion in today's gold
6. China
Value of Reserves: $50.19 billion
Holdings Total: 1,161.9 tons
At 1,161.9 tons, the world's most heavily populated country has the world's sixth largest gold reserve. Expect it to be higher? Well, bear in mind that China's gold only accounts for 1.7 percent of its foreign reserves. With a population of 1.34 billion, the country holds about $37.45 worth of gold per person,
5. France
Value of Reserves: $115.97 billion
Holdings Total: 2,684.6 tons
The French National Bank, Banque De France, is home to the country's gold holdings, which comprise 67.2 percent of its foreign reserves. With 2,684.6 tons of gold in reserve, France's holdings are worth approximately $115.97 billion.
4. Italy
Value of Reserves: $116.75 billion
Holdings Total: 2,702.6 tons
The Banca D'Italia manages Italy's foreign reserves, which have been reported at 2,702.6 tons by the World Gold Council and comprise the fourth largest gold reserve in the world.
These holdings are worth $116.75 billion and account for 68.6 percent of the country's
3. International Monetary Fund (IMF)
Value of Reserves: $135.56 billion
Holdings Total: 3,137.9 tons
The IMF oversees international economic operations of 185 member countries. Its gold policies have changed in the last 25 years, but the reserves remain to stabilize international markets and aid national economies.
2. Germany
Value of Reserves: $161.99 billion
Holdings Total: 3,749.8 tons
The Deutsche Bundesbank, Germany's central bank, has 3,749.8 tons of gold reserves, which are valued at about $161.99 billion. According to the World Gold Council, Germany’s gold coffers account for 70.3 percent of total foreign reserves.
1. United States
Value of Reserves: $387.32 billion
Holdings Total: 8,965.6 tons
The United States Bullion Depository in Kentucky — otherwise known as Fort Knox — is the most famous gold stockpile in the world. It holds the majority of the nation’s gold reserves, the remainder of which is held at the Philadelphia Mint, the Denver Mint, the West Point Bullion Depository and the San Francisco Assay Office.
Altogether, the total gold reserves of the United States equal 8,965.6 tons and would be valued at approximately $387.32 billion in today's market.
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