3. Italy

Italy’s gold reserves are considered to be most extensive in the world, which is of worth $147 billion. Out of the 10 countries only Italy has made it to “PIIGS” (Portugal, Italy, Ireland, Greece and Spain), which is a list of Euro zone countries with debt problems. The official holding is up to 2451.8 tonnes that come around 67.2 percent of foreign gold reserves.

2. Germany

Germany, which is well-known for owning largest economy, is now, owns the largest reserve of gold. The official gold holding is around 3387.1 tonnes which is approximately 68.7 percent of foreign reserves in gold. The total net worth of gold is about $203 billion due to which Germany is ranked 2nd for the gold reserves in the world.

1. United States

United States is the country which is ranked first for owning largest gold reserves when compared to other countries. Fort Knox is one location where most of the U.S. gold is kept but Federal Reserve Bank of New York is known for securing most of the gold for United States and also the gold that belongs to other countries. The official gold holdings will come up to 8133.5 tonnes that come around 71.7 per cent of foreign reserves in gold with a net worth of around $487 billion.

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