Sun. AM KTFA News Articles 8-21-22

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Samson » August 21st, 2022

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

Source: Dinar Recaps

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