KTFA:
Samson: The 20 largest countries with gold reserves in the world .. including two Arab countries!
21st August, 2022
Central banks around the world continue to add gold to their reserves. Since the beginning of the year until the end of last June, it expanded its gold holdings by 270 tons
On his part, Polish National Bank Governor Adam Glapinski summed up why central banks hold gold, saying: “Gold is the safest reserve asset: it diversifies geopolitical risks and is an anchor of confidence, especially in times of stress and crisis
A spokesman for the Hungarian Central Bank said that gold increases financial stability and enhances market confidence
In keeping with the historical role of gold, it remains one of the safest instruments in the world which, even under normal market conditions, is known for its stability and reliability
Poland’s central bank has been one of the biggest buyers in recent years, along with Hungary, Kazakhstan, Uzbekistan, Turkey and India, according to schiffgold and seen by Al Arabiya.net
Below are the 20 largest gold hoarders in the world based on the latest data from the World Gold Council
United States – 8,133.5 tons
Germany – 3,355.1 tons
Italy – 2,451.8 tons
France – 2436.6 tons
Russia – 2298.5 tons
China – 1948.3 tons
Switzerland – 1040.0 tons
Japan – 846.0 tons
India – 768.8 tons
Netherlands – 612.5 tons
Turkey – 457.7 tons
Taiwan – 423.6 tons
Kazakhstan – 383.9 tons
Portugal – 382.6 tons
Uzbekistan – 363.9 tons
Saudi Arabia – 323.1 tons
United Kingdom – 310.3 tons
Lebanon – 286.8 tons
Spain – 281.6 tons
Austria – 280.0 tons
The IMF also owns 2,814.0 tons of gold, which would have put it third in the world if it were considered a country. The European Central Bank owns 504.8 tons of gold, ranking 12th among the countries LINK
