20 Countries with largest gold reserves 2016.
This statistic presents the gold reserves of largest gold holding countries worldwide as of February 2016. The central bank of Germany held approximately 3,381 metric tons of gold.
Gold reserves - additional information
Gold has served as a means of exchange for thousands of years. This is no longer true, yet governments are still adding to their gold reserves. As of October 2015, the United States had the largest gold reserve – more than 8,000 metric tons of gold. This was more than twice the gold reserves of Germany and more than three times the gold reserves of Italy and France. China was ranked fifth for the amount of gold it has on reserve, but more gold is being mined in China than any other country in the world. While the share of gold reserves constituted 73.4 percent of the U.S. central bank holdings in 2015, in China this figure amounted to only 1.8 percent.
Australia on the other hand, is home to the largest gold mine reserves in addition to being the second largest producer of gold. While gold no longer serves as an object of exchange and as a confirmation value, gold remains an investment asset for governments and it could provide a safeguard against inflation or recession. Yet it would not be the best time to do so, as the average price of gold has dropped slightly in the last few years.
The source adds the following information: "This table was updated in February 2016 and reports data available at that time. Data are taken from the International Monetary Fund's International Financial Statistics (IFS), February 2016 edition, and other sources where applicable. IFS data are two months in arrears, so holdings are as of December 2015 for most countries, November 2015 or earlier for late reporters. The table does not list all gold holders: countries which have not reported their gold holdings to the IMF in the last six months are not included, while other countries are known to hold gold but they do not report their holdings publicly. Where the WGC knows of movements that are not reported to the IMF or misprints, changes have been made. "
*Gold has been added to Turkey’s balance sheet as a result of a policy accepting gold in its reserve requirements from commercial banks. Please see this link for information on this policy actio.