Table courtesy of World Gold Council • • • Click to enlarge
USAGOLD note: The United States still leads the pack with respect to official gold reserves. The euro-area countries, however, hold 10,772.5 metric tonnes when the reserves of the nineteen member countries are combined – a total that exceeds the United States holding of 8,133.5 metric tonnes. China, as we have pointed out in the past, officially holds 1,948.3 metric tonnes, but many analysts believe its actual holdings are substantially higher. Russia at present is generally considered the most aggressive accumulator of gold for national reserves and now ranks sixth with 2,299.9 metric tonnes in reserves. Overall, central banks in the aggregate have been strong buyers of gold bullion over the past several years.