Top 10 Countries With Largest Gold Reserves In The World

A gold reserve is the gold held by a central bank or nation intended as a store of value and as a guarantee to redeem

promises to pay depositors, note holders (e.g., paper money), or trading peers, or to secure a currency.

                     It has been estimated that all the gold mined by the end of 2011 totaled 171,300 tonnes. At a price of US$1500 pertroy ounce, reached on 12 April 2013, one tonne of gold has a value of approximately US$48.2 million. The total value of all gold ever mined would exceed US$8.2 trillion at that valuation.

Let the count down begins-

10. India 

 

India officially the Republic of India (Bharat Ganrajya), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world.

9. Netherlands 

The Netherlands is a constituent country of the Kingdom of the Netherlands, consisting of twelve provinces in North-West Europe and three islands in the Caribbean.

8. Japan 

Japan (Japanese: 日本 Nippon or Nihon; formally 日本国 "[the] State of Japan") is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south. 

7. Russia 

Russia (Russian: Россия, tr. Rossiya, IPA: [rɐˈsʲijə] ), also officially known as the Russian Federation (Russian: Российская Федерация, tr. Rossiyskaya Federatsiya, IPA: [rɐˈsʲijskəjə fʲɪdʲɪˈrat͡sɨjə]), is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects. 

6. Switzerland 

Switzerland (German: Schweiz [ˈʃvaɪts]; French: Suisse [sɥis]; Italian: Svizzera [ˈzvittsera]; Romansh:Svizra [ˈʒviːtsrɐ] or [ˈʒviːtsʁːɐ]), officially the Swiss Confederation (Latin: Confoederatio Helvetica, hence its abbreviation CH), is a federal parliamentary republic consisting of 26 cantons, with Bern as the seat of the federal authorities. 

5. China 

China (Chinese: 中国; pinyin: Zhōngguó), officially the People's Republic of China (PRC), is a sovereign state located in East Asia. It is the world's most populous country, with a population of over 1.35 billion. The PRC is a single-party state governed by the Communist Party, with its seat of government in the capital city of Beijing.

4. France 

France (UK English pronunciation: /ˈfrɑːns/ frahnss; US English pronunciation:/ˈfræns/ franss; French: [fʁɑ̃s] ), officially the French Republic (French: République française French pronunciation: ​[ʁepyblik fʁɑ̃sɛz]), is a unitary semi-presidential republic in Western Europe, with several overseas regions and territories. 

3. Italy 

Italy  (Italian: Italia [iˈtaːlja]), officially the Republic of Italy (Italian: Repubblica italiana), is a unitary parliamentary republic in Southern Europe. To the north, Italy borders France, Switzerland, Austria, and Slovenia, and is approximately delimited by the Alpine watershed, enclosing the Po Valley and the Venetian Plain. 

2. Germany 

Germany (German: Deutschland), officially the Federal Republic of Germany (German: Bundesrepublik Deutschland, pronounced [ˈbʊndəsʁepuˌbliːk ˈdɔʏtʃlant]), is a federal parliamentary republic in western-central Europe. The country consists of 16 states and its capital and largest city is Berlin. Germany covers an area of 357,021 square kilometres (137,847 sq mi) and has a largely temperate seasonal climate. 

1. United States of America

The United States of America (USA or U.S.A.), commonly referred to as the United States (US or U.S.),America, or simply the States, is a federal republic consisting of 50 states, 16 territories, and a federal district. The 48 contiguous states and the federal district of Washington, D.C. are in central North America between Canada and Mexico. 

So, that's it.

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