Here Are the Countries With the Most Gold Reserves, and the Ones That Have Been Buying it the Most

27-Mar (Bloomberg) — At the turn of the millennium, it seemed that gold was starting to go out of fashion with the world’s central bankers as a reserve asset.

Between January 2000 and March 2009, central banks reduced their reserve holdings of gold by more than 114 million troy ounces. Since then—possibly driven by the recovery in gold prices and the global financial crisis—central banks have steadily been increasing their holdings.

…t is not the top four adding to reserves since 2009 that has caused the turnaround in global holdings. Instead it is emerging and developing markets that have been loading up on gold, with Russia, India, and Turkey accounting for more than 60 percent of the net change in global gold holdings.

[source]