How Much Gold Is There Worldwide?
People have always been fascinated about gold and its special allure. This could be because of the fact that it is the symbol of wealth and prosperity or maybe just because of its colour and weight. But how much gold is there in the world and who are those who own all the gold?
The recent statistics show that the amount of gold in the world is somewhere between 120.000 and 160.000 tons of gold. If you want to imagine how much gold this actually is, try to imagine a gold cube with edges about 19 meters. The value of this cube is about 1.8 trillion dollars. About 20 to 25% of all the gold in the world is owned by the Central Banks.
Here is a top 5 for the world’s biggest gold reserves:
5. France - The National Bank of France or Banque de France holds about 2689.6 tons of gold, which adds up to 89.68 billion dollars.
4. Italy - The World Gold Council announced that the Banca d’ Italia has the 4th largest reserve of gold in the world. It has about 2697 tons of gold that adds up to 89.92 billion dollars.
3. The International Monetary Fund - Is the institution that oversees operations in almost 185 member countries. The reserves that the International Monetary Fund has are intended to aid national economies and to stabilize international markets.
2. Germany - The Deutsche Bundesbank has in its possession 3749.1 tons of gold and they have a value of 125.01 billion dollars.
1. United States - The Unites States Bullion Depositary also known as Fort Knox is situated in Kentucky, US. Almost all the nation’s gold reserve is held here as it is one of the most famous gold stockpile in the world. The US has in its possession a total of 8946.9 tons of gold that is valued at 298.billion dollars.
Learn how to buy gold in times of recession by professionals.
