The prices of Gold are increasing exponentially throughout the International Market with no specific reason from production side, in these uncertain times the market has been moving dramatically towards this traditional safe haven.
The biggest individual holders of gold – Central banks, International entities and governments – are believed to account for approximately 20.5 percent of the world’s gold, holding about 29,787 tons.
So which countries have the biggest gold reserves? Click ahead to find out!
10. Netherlands
Value of Reserves: $26.9 billion
Holdings Total: 674.98 tons
The Netherlands has the tenth largest reserve on the list with 674.98 tons of gold. The Netherland Bank manages the country’s national finances, including the gold reserves, which amount to approximately $26.9 billion in the current market and account for 53.4 percent of the country’s foreign reserves.
9. Russia
Value of Reserves: $28.26 billion
Holdings Total: 706.38 tons
The Central Bank of the Russian Federation is in charge of the country’s 706.38 tons of gold, which are valued at $28.26 billion and comprise 5.1% of the country’s foreign reserves. In 2009 Russia increased its gold production by 21%, due in part to the launch of several new mines.
