Gold reserves contribute to maintaining currency stability in countries. Let’s find out which country holds the title of boasting most gold reserves.
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America
According to Forbes, the United States of America holds the title for largest gold reserves globally, boasting a substantial amount of 8,136.46 tonnes.
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Germany
Germany secures the second spot in the list with 3,352.65 tonnes of gold reserves.
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Italy
Italy, a European country, holds the third spot with 2,451.84 tonnes.
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France and Russia
France claims the fourth position with 2,436.88 tonnes of gold reserves. Russia is at the fifth spot with 2,332.74 tonnes.
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China
China holds the sixth position on the list of countries with the largest gold reserves. It boasts of 2,191.53 tonnes.
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Switzerland and Japan
Switzerland secures seventh position with 1,040 tonnes of gold reserves, while Japan holds the eighth spot with 845.97 tonnes.
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India and the Netherlands
India holds the ninth position boasting 800.78 tonnes of gold reserves. The Netherlands secures the tenth spot with 612.45 tonnes.