Gold reserve - wikipedia Gold reserve For the gold mining company, see Gold Reserve ( company ). Public finance Policies Agricultural Economic Energy Industrial Investment Social Trade Fiscal Monetary Policy mix Fiscal policy Budget policy Debt external internal Deficit / Surplus Finance ministry Fiscal union Revenue Spending deficit Tax Monetary policy Bank reserves ( requirements ) Discount window Gold reserves Interest rate Monetary authority central bank currency board Monetary base Monetary ( currency ) union Money supply Trade policy Balance of trade Free trade Gains from trade Non-tariff barrier Protectionism Tariff Trade bloc Trade creation Trade diversion Trade / Commerce ministry Revenue Spending Non-tax revenue Tax revenue Discretionary spending Mandatory spending Optimum Balanced budget ( fiscal ) Growth ( trade and investment ) Price stability ( monetary ) Reform Fiscal adjustment Monetary reform World Gold Reserves from 1845 to 2013, in tonnes ( also known as metric tons in the United States ) Official U.S. gold reserve since 1900 Changes in Central Bank Gold Reserves by Country 1993 - 2014 Changes in Central Bank Gold Reserves by Country versus time for the last 10 years Gold reserves per capita A gold reserve is the gold held by a national central bank, intended as a store of value and as a guarantee to redeem promises to pay depositors, note holders ( e.g. paper money ), or trading peers, or to secure a currency. As the value of gold fluctuates on a daily basis, the value of all gold similarly does. The World Gold Council estimates that all the gold ever mined since 2017 totaled 187,200 tonnes. but other independent estimates vary by as much as 20 %. At a price of US $1,250 per troy ounce, reached on 16 August 2017, one tonne of gold has a value of approximately US $40.2 million. The total value of all gold ever mined would exceed US $7.5 trillion at that valuation and using WGC 2017 estimates. Contents 1 Wartime relevance 2 IMF holdings 3 Officially reported holdings 4 Private holdings 5 World holdings 6 See also 7 Notes 8 References Wartime relevance During most of history, a nation 's gold reserves were considered its key financial asset and a major prize of war. A typical view was expressed in a secret memorandum by the British Chief of the Imperial General Staff from October 1939, at the beginning of World War II. The British Military and the British Secret Service laid out `` measures to be taken in the event of an invasion of Holland and Belgium by Germany '' and presented them to the War Cabinet : It will be for the Treasury in collaboration with the Bank of England, and the Foreign Office, to examine the possible means of getting the bullion and negotiable securities into the same place of safety. The transport of many hundreds of tons of bullion presents a difficult problem and the loading would take a long time. The ideal would of course be to have the gold transferred to this country or to the United States of America. (... ) The gold reserves of Belgium and Holland amount to about £ 70 million and £ 110 million respectively. ( Foot ) Note : H.M. Treasury has particularly requested that this information, which is highly confidential should in no circumstances be divulged. The total weight of this bullion amounts to about 1800 tons and its evacuation would be a matter of the utmost importance would present a considerable problem if it had to be undertaken in a hurry when transport facilities were disorganized. At present this gold is believed to be stored at Brussels and The Hague respectively, neither of which is very well placed for its rapid evacuation in an emergency. The Belgian government rushed to ship the gold to a safe place : Dakar, the capital of Senegal, then part of the French colonial empire. After the Germans occupied Belgium and France in 1940, they demanded the Belgian gold reserve back. In 1941, Vichy French officials arranged the transport of 4,944 boxes with 198 tons of gold to officials of the German Reichsbank. IMF holdings Since early 2011, the gold holdings of the IMF have been constant at 90.5 million troy ounces ( 2,814.1 metric tons ). Officially reported holdings The IMF regularly maintains statistics of national assets as reported by various countries. This data is used by the World Gold Council to periodically rank and report the gold holdings of countries and official organizations. On 17 July 2015, China announced that it increased its gold reserves by about 57 percent from 1,054 to 1,658 metric tons, while disclosing its official gold reserves for the first time in six years. The gold listed for each of the countries in the table may not be physically stored in the country listed, as central banks generally have not allowed independent audits of their reserves. Gold leasing by central banks could place into doubt the reported gold holdings in the table below. Top 40 according to World Gold Council 's latest rankings ( as at April 2017 ) Rank Country / Organization Gold holdings ( in tonnes ) Gold 's share of forex reserves United States 8,133.5 75.0 % Germany 3,375.6 69.6 % International Monetary Fund 2,814.0 N / A Italy 2,451.8 68.5 % 5 France 2,435.9 64.9 % 6 China 1,842.6 2.4 % 7 Russia 1,706.8 17.1 % 8 Switzerland 1,040.0 6.0 % 9 Japan 765.2 2.5 % 10 Netherlands 612.5 66.5 % 11 India 557.8 6.0 % 12 European Central Bank 504.8 27.7 % 13 Turkey 456.1 17.0 % 14 Taiwan 423.6 3.8 % 15 Portugal 382.5 55.9 % 16 Saudi Arabia 322.9 2.6 % 17 United Kingdom 310.3 8.4 % 18 Lebanon 286.8 22.3 % 19 Spain 281.6 17.6 % 20 Austria 280.0 49.7 % 21 Kazakhstan 275.4 36.8 % 22 Belgium 227.4 36.6 % 23 Philippines 196.3 9.7 % 24 Venezuela 187.5 65.8 % 25 Algeria 173.6 6.2 % 26 Thailand 152.4 3.4 % 27 Singapore 127.4 2.0 % 28 South Africa 125.7 8.5 % 29 Sweden 125.3 10.9 % 30 Mexico 120.2 2.8 % 31 Libya 116.6 6.6 % 32 Greece 112.9 65.4 % 33 South Korea 104.4 1.1 % 34 Romania 103.7 9.6 % 35 Bank for International Settlements 103.0 N / A 36 Poland 103.0 3.7 % 37 Iraq 89.8 8.0 % 38 Australia 79.9 4.9 % 39 Kuwait 79.0 8.8 % 40 Indonesia 78.1 2.5 % - Total for the Top 40 31,563.1 Private holdings Privately Held Gold Rank Name Type Gold holdings ( in tonnes ) SPDR Gold Shares ETF 672.7 ETF Securities Gold Funds ETF 215.2 COMEX Gold Trust ETF 164.7 ZKB Physical Gold ETF 138.7 5 Central Fund of Canada CEF 52.7 6 Julius Baer Physical Gold Fund ETF 49.1 7 Sprott Physical Gold Trust CEF 38.6 8 BullionVault Bailment 34.2 9 GoldMoney Bailment 34.1 10 ABSA NewGold Exchange Traded Fund ETF 26.6 11 ETFS Physical Swiss Gold Shares ETF 23.4 12 Central GoldTrust CEF 21.9 13 Bullion Management Group OEF 4.629 - Total for the above 13 1,461.829 World holdings World Gold Holdings ( 2011 ) ( Source : United States Geological Survey ) Location Gold holdings ( in tonnes ) Share of total world gold holdings Total 171,300 100 % Jewellery 84,300 49.2 % Investment ( bars, coins ) 33,000 19.26 % Central banks 29,500 17.2 % Industrial 20,800 12.14 % Unaccounted 3,700 2.2 % See also Black Friday ( 1869 ) -- Also referred to as the Gold Panic of 1869 Federal Reserve Bank of New York Gold as an investment Gold repatriation Gold reserves of Norway Gold reserves of the United Kingdom Gold standard List of countries by gold production Moscow gold, the reserves of the Bank of Spain sent to the Soviet Union during the Spanish Civil War Peak gold Romanian Treasure, the Romanian gold reserves sent ( alongside other valuable objects ) to Russia for safekeeping during World War I, but never returned Silver as an investment Strategic Petroleum Reserve ( United States ) United States Bullion Depository, often known as Fort Knox Vaulted gold Notes Jump up ^ One tonne is equal to approximately 32,150.75 troy ounces. ( gold, silver, & other precious metals & gems are weighed by the troy ounce, 12 troy ounces = 1 pound not 16 to 1 in most other normal weights, so there would be 24,000 troy ounces to a ton of weight ) References Jump up ^ ( 1 ) Jump up ^ http://www.bbc.com/news/magazine-21969100 Jump up ^ Memorandum by War Cabinet Secretary E.E. Bridges from October 6, 1939, Secret : Holland and Belgium : Measures to be taken in the event of an invasion by Germany. P. 1 and 4. The National Archives ( United Kingdom ) Jump up ^ `` Belgian gold in foreign hands ''. Museum of the National Bank of Belgium. 4 March 2010. Retrieved 19 January 2016. Jump up ^ `` Gold in the IMF ''. International Monetary Fund. Archived from the original on April 22, 2011. Jump up ^ `` Data Template on International Reserves and Foreign Currency Liquidity -- Reporting Countries ''. Jump up ^ `` Gold & Foreign Exchange Reserves ''. Jump up ^ `` Major Factors Affecting Gold Prices Fluctuation ''. FXdailyReport.Com. 2016 - 07 - 22. Retrieved 2016 - 10 - 28. Jump up ^ `` - Sprott Global Resource Investments Ltd. ''. Jump up ^ `` Research - World Gold Council ''. Jump up ^ `` Latest World Official Gold Reserves - World Gold Council ''. Jump up ^ `` Gold Demand Trends - World Gold Council ''. Jump up ^ `` Top 40 reported official gold holdings ( as at July 2017 ) '' Jump up ^ Gold has been added to Turkey 's balance sheet as a result of a policy accepting gold in its reserve requirements from commercial banks. ^ Jump up to : `` CORRECTED - TABLE - Holdings of SPDR Gold, iShares Silver unchanged ( March 30 ) ''. Reuters. 2 July 2015. Archived from the original on August 1, 2015. Retrieved 1 August 2015. Jump up ^ `` Total Gold in Trust ''. SPDR Gold Shares. 31 July 2015. Retrieved 1 August 2015. Jump up ^ `` Central Fund 's Net Asset Value ''. Central Fund of Canada. 31 July 2015. Archived from the original on August 1, 2015. Retrieved 1 August 2015. Jump up ^ `` Net Asset Value - Sprott Physical Gold Trust - Sprott Physical Bullion Trusts ''. Sprott Asset Management. 31 July 2015. Archived from the original on August 1, 2015. Retrieved 1 August 2015. Jump up ^ `` Daily audit - Allocated gold bar lists and bank statements ''. BullionVault. 31 July 2015. Retrieved 1 August 2015. Jump up ^ `` Real - Time Audit ''. GoldMoney. 31 July 2017. Retrieved 31 July 2017. Jump up ^ `` NewGold Exchange Traded Fund ''. Absa Group. 31 July 2015. Archived from the original on August 1, 2015. Retrieved 1 August 2015. Jump up ^ `` ETFS Physical Swiss Gold Shares ''. ETF Securities. 31 July 2015. Retrieved 1 August 2015. Jump up ^ `` GoldTrust 's Net Asset Value ''. Central GoldTrust. 31 July 2015. Archived from the original on August 1, 2015. Retrieved 1 August 2015. Jump up ^ on page 2 of the pdf file ; last paragraph just before the `` Production '' section on that page Jump up ^ `` Two Methods for Estimating the Price of Gold by Mike Hewitt ''. DollarDaze Economic Commentary Blog - Gold, Oil, Stocks, Investments, Currencies, and the Federal Reserve. Archived from the original on 2012 - 01 - 09. Retrieved 2012 - 01 - 08. Lists of countries by financial rankings Trade Account balance % of GDP Exports net per capita Imports Leading trade partners Investment FDI received past FDI abroad GFI Funds Forex reserves Forex reserves ( ex. gold ) Gold reserves Sovereign wealth funds Pension funds Creditor nations Debtor nations Budget and debt Government budget PPP % of GDP Credit rating External debt Public debt future Income and taxes Tax rates Tax revenue Wage average median minimum Bank rates Central bank interest rate Commercial bank prime lending rate Currency Exchange rates to US $ Inflation rate Other Financial Development Index Corporate governance Development aid Ease of Doing Business Employment / Unemploymment External assets Lists of countries by GDP rankings List of international rankings List of top international rankings by country Lists by country Retrieved from `` https://en.wikipedia.org/w/index.php?title=Gold_reserve&oldid=797479798 '' Categories : Gold Gold standard Talk Contents About Wikipedia Azərbaycanca Български Deutsch Español فارسی Français 한국어 Italiano Қазақша Lietuvių Bahasa Melayu Монгол Nederlands 日本 語 Português Русский Саха тыла Svenska தமிழ் Татарча / tatarça ไทย Українська اردو Tiếng Việt 中文 Edit links This page was last edited on 27 August 2017, at 08 : 59. About Wikipedia

Question: where is the most gold stored in the world
Answer: United States