Which country has lots of gold as a mountain..!?
Which country has lots of gold as a mountain..!?
Which country has lots of gold in the world? How much gold can there be? What is its value? Ever wonder? Although it is the most sought-after ornament in countries like india, it is seen as an important investment feature in other countries of the world, especially as a safe haven during times of economic crisis.
So gold has been one of the most important investments. In other words, there is no place for gold in the investment portfolio. The government of every country buys and stores gold. Central banks keep gold on deposit. It also plays an important role in the economic recognition of a country rather than just investment. Who has so much gold? According to the data provided by gold Hub, we can see how much the reserves are in 30 countries in the first quarter of the current year.
America is the world's leading economy and has the largest gold reserves. The US has about 8133.47 tonnes of gold. It holds the total amount of gold held by countries including germany, italy, and Russia. It is said to be most abundant in American depositories. Its total value is about 712 billion dollars.
In second place germany has 3358.5 tonnes of gold. It stands at 3359.09 tonnes at the end of 2021. Germany's economy is expected to grow by $4.2 trillion this year. It is also expected to be 4680 billion dollars in the next year. While its economy is strong, so are its gold reserves.
Italy is in the third position with 2541.84 tonnes of gold. This is slightly more than france has. In 2019, italy said it would not sell even a single gram of gold amid its budget crisis. Even now, gold has kept it as proof of that.
4th place france has 4367.47 tons of gold. This is an increase of 0.3 tonnes over last year. A small share of this is said to be held in neighboring countries, but the majority is held in the bank of France. The data shows that gold reserves held by france have remained largely unchanged since 2009.
Russia ranked fifth with 2301.64 tonnes. It has spent 40 billion dollars to increase its gold reserves in the last 5 years. However, russia could not maintain adequate reserves. However, it has increased by 6.22% compared to the third quarter of last year.
China:
Although china is the world's leading consumer, china has reserves of 1948.31 tonnes. It is the world's huge and big producer of gold. According to studies, it accounts for 12% of the world's gold mining production.
Switzerland, which is ranked 7th in the world, has 1040 tons of gold. Most of this is deposited in the bank of england and bank of Canada. Could this increase the swiss bank's gold holdings in 2014?
Japan:
The small country of japan has 845.97 tons of gold. In december 2020, it sold 80 tonnes of gold for minting coins to provide financial support during the Corona period. It is said that japan is thinking of mining gold as there is a small amount of gold in Japan.
India:
India is the 9th country in the top 10 list. india has 760.4 tonnes of gold. India's gold holdings have increased by 150 tonnes in the last few years. india has large reserves, especially in the form of gold jewelry. Although india has a small-scale gold mining industry, it is not enough to support the national level demand. Most countries sold gold during the Corona period. But india has increased.
Netherland:
The netherlands is in the same 10th place. It has 612.45 tonnes of gold in its possession.
Which country has lots of gold in the world? How much gold can there be? What is its value? Ever wonder? Although it is the most sought-after ornament in countries like india, it is seen as an important investment feature in other countries of the world, especially as a safe haven during times of economic crisis.
So gold has been one of the most important investments. In other words, there is no place for gold in the investment portfolio. The government of every country buys and stores gold. Central banks keep gold on deposit. It also plays an important role in the economic recognition of a country rather than just investment. Who has so much gold? According to the data provided by gold Hub, we can see how much the reserves are in 30 countries in the first quarter of the current year.
America is the world's leading economy and has the largest gold reserves. The US has about 8133.47 tonnes of gold. It holds the total amount of gold held by countries including germany, italy, and Russia. It is said to be most abundant in American depositories. Its total value is about 712 billion dollars.
In second place germany has 3358.5 tonnes of gold. It stands at 3359.09 tonnes at the end of 2021. Germany's economy is expected to grow by $4.2 trillion this year. It is also expected to be 4680 billion dollars in the next year. While its economy is strong, so are its gold reserves.
Italy is in the third position with 2541.84 tonnes of gold. This is slightly more than france has. In 2019, italy said it would not sell even a single gram of gold amid its budget crisis. Even now, gold has kept it as proof of that.
4th place france has 4367.47 tons of gold. This is an increase of 0.3 tonnes over last year. A small share of this is said to be held in neighboring countries, but the majority is held in the bank of France. The data shows that gold reserves held by france have remained largely unchanged since 2009.
Russia ranked fifth with 2301.64 tonnes. It has spent 40 billion dollars to increase its gold reserves in the last 5 years. However, russia could not maintain adequate reserves. However, it has increased by 6.22% compared to the third quarter of last year.
China:
Although china is the world's leading consumer, china has reserves of 1948.31 tonnes. It is the world's huge and big producer of gold. According to studies, it accounts for 12% of the world's gold mining production.
Switzerland, which is ranked 7th in the world, has 1040 tons of gold. Most of this is deposited in the bank of england and bank of Canada. Could this increase the swiss bank's gold holdings in 2014?
Japan:
The small country of japan has 845.97 tons of gold. In december 2020, it sold 80 tonnes of gold for minting coins to provide financial support during the Corona period. It is said that japan is thinking of mining gold as there is a small amount of gold in Japan.
India:
India is the 9th country in the top 10 list. india has 760.4 tonnes of gold. India's gold holdings have increased by 150 tonnes in the last few years. india has large reserves, especially in the form of gold jewelry. Although india has a small-scale gold mining industry, it is not enough to support the national level demand. Most countries sold gold during the Corona period. But india has increased.
Netherland:
The netherlands is in the same 10th place. It has 612.45 tonnes of gold in its possession.