10 Countries With Biggest Gold Reserves In The World

8. Japan
Official Gold Holdings: 765.2 Tonnes
Percentage Of Foreign Reserves In Gold: 3.1 Percent

After tsunami and nuclear disaster in Japan, the Bank of Japan sold gold for ¥20 trillion into the economy to calm down their investors. Japan also holds a significant number of U.S. dollars in its reserves. However, Japan's total gold reached 100 metric tonnes in 2011. Japan's gold reserves are worth $45 billion approximately.

9. The Netherlands
Official Gold Holdings: 612.5 Tonnes
Percentage Of Foreign Reserves In Gold: 58.7 Percent

Netherlands has been selling1,100 tonnes of gold since 1991, but the country considers gold as the “only reserve and anchor of trust in times of financial crisis”, according to Zero Hedge. Thus holds it for diversification purposes. Whereas, Nout Wellink, President of the Dutch Central Bank, has previously said that the DNB doesn't intend to sell gold.

10. India
Official Gold Holdings: 557.7 Tonnes
Percentage Of Foreign Reserves In Gold: 9.6 Percent

India is the land of maximum gold buyers in the world. The Indian government has been trying hard to stop people from buying gold as the gold imports are being blamed to mount the country’s current account deficit.

Gold imports are likely to go down by 25 per cent to around 53.25 tonnes compared to the last year.  In 2012, India has imported about 71 tonnes gold.

Also Read:
India Inc's 10 Most Successful Turnaround Tales
5 Companies That Modernized India