The Amount of Gold Worldwide

Gold has always had a special allure and has also managed to fascinate people. It could be the colour, the weight or maybe just the fact that it is the symbol of prosperity and wealth. One could start thinking about how much gold is there in the world and who actually owns it.

Statistics show that the amount of gold in the world is somewhere in between 120.000 tones and 160.000 tones. To make it a little bit simpler, try to picture a gold cube with edges about 19 meters. The value of this cube is about 1.8 trillion dollars. Approximately 20 to 25% of the gold in the world is owned by Central Banks worldwide.

Here is a top 5 for the world's biggest gold reserves:

5. France - The National Bank of France (Banque de France) comprises gold holdings in the amount of 2689.6 tons, which adds up to 89.68 billion dollars.

4. Italy - The world Gold Council stated that the Banca d' Italia has the fourth largest reserve of gold in the world and it comprises 2697 tons of gold. This adds up to 89.92 billion dollars.

3. International Monetary Fund - Is the body that oversees operations in 185 member countries. The IMF reserves are intended to stabilize international markets and aid national economies. IMF holds 3539 tons of gold. This means about 118 billion dollars in today's market.

2. Germany - The Central Bank of Germany or the Deutsche Bundesbank has in its holding 3749.1 tons of gold. This gold is valued at about 125.01 billion dollars.

1. United States - Fort Knox is the United States Bullion Depository and it is situated in Kentucky. Here the majority of the nations gold reserve is held and it is one of the most famous stockpile in the world. United States has a total of 8946.9 tons of gold that is valued at 298.billion dollars.

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Learn how to buy gold in times of recession by professionals.