10 Countries With Biggest Gold Reserves In The World

2. Germany
Official Gold Holdings: 3,391.3 Tonnes
Percentage Of Foreign Reserves In Gold: 72.1 Percent

Germany’s Deutsche Bundesbank  has 3,391.3 tonnes of gold worth $125.01 billion. According to the World Gold Council, the country’s gold reserves account to more than 72.1 percent of total foreign reserves. Under CBGA 1 and 2, Germany sold gold in order to make commemorative gold coins. In the third Central Bank Gold Agreement, Germany sold 6 tonnes of gold and sold 4.7 tonnes since 2011.

3. Italy
Official Gold Holdings: 2,451.8 Tonnes
Percentage Of Foreign Reserves In Gold: 71.3 Percent

With the gold holdings of 2, 451.8 tonnes, Italy is the third largest gold reserve in the world. Italy’s gold holding is worth $89.92 billion and account for 71.3 percent of the country’s foreign reserves. Italy is the only country that is listed under prestigious "PIIGS" list of Euro-zone countries.

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