Good as GOLDCountries with the largest gold reserves

Why Gold?Gold, while not used as money today, is an asset class that retains it's value in the long run and is considered valuable in every corner of the globe. Central banks generally hold gold as a "reserve" and delegate a percentage of reserves based on how much paper currency they issue. Additionally, gold is an inflation hedge, so Governments and banks don't suffer as much from the very currency they issue themselves. the demand for gold is always high.

How much gold is there?It has been estimated that all the gold mined by the end of 2011 totaled 171,300 tonnes.

Here’s one tonne of gold

At a price of $1,061 per troy ounce, January 1, 2015, one ton of gold has a value of approximately $34.1million. The total value of all gold ever mined would exceed $5.6 trillion at that valuation.

Keeping all this in mind let us have a look at the Top 10

Countries with the Largest Gold Reserves.

#10 NetherlandsGold Reserves in Netherlands remained unchanged at 612.45 Tonnes in the third quarter of 2015 from 612.45 Tonnes in the second quarter of 2015. Gold Reserves in Netherlands averaged 700.98 Tonnes from 2000 until 2015, reaching an all time high of 911.82 Tonnes in the second quarter of 2000 and a record low of 612.45 Tonnes in the fourth quarter of 2008.

$ 20.9Billion USD

#9 JapanGold Reserves in Japan remained unchanged at 765.20 Tonnes in the third quarter of 2015 from 765.20 Tonnes in the second quarter of 2015. Gold Reserves in Japan averaged 764.75 Tonnes from 2000 until 2015, reaching an all time high of 765.20 Tonnes in the second quarter of 2001 and a record low of 753.54 Tonnes in the second quarter of 2000.

$ 26.1Billion USD

#7 SwitzerlandGold Reserves in Switzerland decreased to 1039.99 Tonnes in the third quarter of 2015 from 1040 Tonnes in the second quarter of 2015. Gold Reserves in Switzerland averaged 1390.76 Tonnes from 2000 until 2015, reaching an all time high of 2590.18 Tonnes in the first quarter of 2000 and a record low of 1039.99 Tonnes in the third quarter of 2015.

$ 35.5Billion USD

#6 RussiaGold Reserves in Russia increased to 1352.20 Tonnes in the third quarter of 2015 from 1275 Tonnes in the second quarter of 2015. Gold Reserves in Russia averaged 623.73 Tonnes from 2000 until 2015, reaching an all time high of 1352.20 Tonnes in the third quarter of 2015 and a record low of 343.41 Tonnes in the second quarter of 2000.

$ 46.1Billion USD

#5 ChinaGold Reserves in China increased to 1743.40 Tonnes in November from 1708.50 Tonnes in October of 2015. Gold Reserves in China averaged 793.36 Tonnes from 2000 until 2015, reaching an all time high of 1743.40 Tonnes in November of 2015 and a record low of 395.01 Tonnes in June of 2000.

$ 59.5Billion USD

#4 FranceGold Reserves in France increased to 2435.54 Tonnes in the third quarter of 2015 from 2435.41 Tonnes in the second quarter of 2015. Gold Reserves in France averaged 2692.11 Tonnes from 2000 until 2015, reaching an all time high of 3024.70 Tonnes in the fourth quarter of 2002 and a record low of 2435.38 Tonnes in the fourth quarter of 2012.

$ 83.1Billion USD

#3 ItalyGold Reserves in Italy remained unchanged at 2451.84 Tonnes in the third quarter of 2015 from 2451.84 Tonnes in the second quarter of 2015.

$ 83.7Billion USD

#2 GermanyGold Reserves in Germany decreased to 3380.98 Tonnes in the third quarter of 2015 from 3381.01 Tonnes in the second quarter of 2015. Gold Reserves in Germany averaged 3419.70 Tonnes from 2000 until 2015, reaching an all time high of 3468.60 Tonnes in the second quarter of 2000 and a record low of 3380.98 Tonnes in the third quarter of 2015.

$ 115.3Billion USD

#1 United States Of America

Gold Reserves in the United States remained unchanged at 8133.46 Tonnes in the third quarter of 2015 from 8133.46 Tonnes in the second quarter of 2015. Gold Reserves in the United States averaged 8135.60 Tonnes from 2000 until 2015, reaching an all time high of 8149.05 Tonnes in the third quarter of 2001 and a record low of 8133.46 Tonnes in the third quarter of 2005.

$ 277.6Billion USD

Comparison

Here’s the world’s gold reserves by government in 2012. This is slightly outdated, with China and Russia both having significant increases since then.