Data from Gold.org – courtesy of the International Monetary Fund’s International Financial Statistics – shows the U.S. by far has the world’s largest gold reserves, followed by Germany and the IMF.
Two rivals of the U.S., Russia and China, come in and 6th and 7th, respectively.
China and Russia have been some of the most aggressive buyers of gold in recent years. Both Russia and China top the list of the most aggressive gold buyers since 2014.
Although China is the world’s largest producer of gold, its overall gold stores have been anemic compared to its competitors, especially as it relates to total economy size.
Recently, the price of gold has moved up, especially as trade talks between the U.S. and China have put some fear into the markets and sent investors looking for safe havens.