What Country Has the Most Gold?

The country with the most gold is the United States, with 8,133 metric tons in the American gold reserve. This amounts to a value of $480.84 billion, going by the price of gold at the beginning of January 2023. With more than 8,000 metric tons, the U.S. gold reserve has almost as much as the next three biggest gold reserves combined. The next three countries with the most gold in reserve are Germany, Italy, and France, which have 3,355 metric tons, 2,452 metric tons, and 2,437 metric tons of gold respectively.Why does the U.S. have such a large gold reserve? Even though the gold standard was abandoned more than 40 years ago, the U.S. still maintains the biggest gold reserve in the world. One reason is to protect its currency in case of economic disaster, but another reason is that if the United States sold its huge amount of gold, that would wreak havoc on the market. The price of gold would drop drastically, and many large banks could fail or need to be bailed out.

Top 10 Countries With the Most Gold Reserves

United States: 8,133 metric tons ($480.84 billion)

Germany: 3,355 metric tons ($198.35 billion)

Italy: 2,452 metric tons ($144.97 billion)

France: 2,437 metric tons ($144.08 billion)

Russia: 2,299 metric tons ($135.92 billion)

China: 1,948 metric tons ($115.17 billion)

Switzerland: 1,040 metric tons ($61.49 billion)

Japan: 846 metric tons ($50.02 billion)

India: 785 metric tons ($46.41 billion)

Netherlands: 612 metric tons ($36.18 billion)