10 Countries With Biggest Gold Reserves In The World

4. France
Official gold holdings: 2,435.4 tonnes
Percentage of foreign reserves in gold: 69.5 Percent

Under the Central Bank Gold Agreement, France sold 572 tonnes of gold and controlled gold sales from European countries. The French National Bank, Banque De France, has a quarter of the country's gold holdings, worth approximately $146 billion. Even in 2004, France moved 17 tonnes of gold to the Bank of International Settlements as a piece of purchase for BIS shares.

5. China
Official Gold Holdings: 1,054.1 Tonnes
Percentage Of Foreign Reserves In Gold: 1.6 Percent

China reportedly made significant gold purchases in 2011 as it tried to diversify from its holdings of U.S. Treasuries. Commenting on the current ups and downs in gold prices, Vice governor of the People's Bank of China (PBOC) Yi Gang said, “Compared with China's 3.3-trillion-U.S.-dollar foreign exchange reserves, the size of the gold market is too small”, as reported by China.org.cn.

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