The 10 countries with the most gold reserves: where do central banks store their gold?

Gold. A metal that has fascinated for centuries. Medium of Exchange for countries and ordinary people for generations. Once the basis for paper money, today it is still crucial in the global economy. It appears in pharmacies, in jewelry, in electronics. And of course, it serves as a refuge when inflation tightens or recession knocks at the door.

In international trade, countries need to maintain reserves of this metal. Economic and geopolitical reasons justify this. It is true that no one else needs to back their currency with gold. But governments continue to increase their stocks. Protection against hyperinflation. Shield against geopolitical risks.

Where is all this gold stored?

Reserves represent the metal in the hands of central banks. They protect economies from various risks. They are, it seems obvious, located in underground facilities. Maximum security. Access is highly restricted.

Why do central banks want more gold?

Central banks keep buying. They protect the value of the national coin. They minimize risks. The reserves show the wealth of the country, but they do more than that. They act like insurance against tough times.

Recent data is quite interesting. In the first quarter of 2025, an impressive total: 244 tons added to global reserves. Interest in the metal does not diminish; on the contrary.

Countries diversify their funds. They mix different assets. The economy is somewhat turbulent; it is not entirely clear what lies ahead. This has led to an increase in gold purchases. More participation in total reserves.

10 countries with the most gold reserves

Inflation is rising. Geopolitical risks are also increasing. Interest in gold is growing, somewhat naturally. People are curious about current stocks. When recession is mentioned, central banks become a compass for investors.

The owners of gold in 2025:

10. Netherlands - 612 tons

11. India - 787 tons

12. Japan – 845.98 tons

13. Switzerland – 1,040.01 tons

14. China – 2,010.51 tons

15. Russia - 2.332 tons

16. France – 2,436.34 tons

17. Italy – 2,451.86 tons

18. Germany – 3,351.53 tons

19. United States – 8,133.53 tons

The USA? Absolute leader. No one comes close. China and Russia have significantly increased their positions. By the way, it's quite surprising how China added 13 tons just in the first quarter of 2025.

European countries prefer gold. They maintain higher percentages compared to other regions. Perhaps memories of the crises of the 20th century explain this. Historical traumas do not fade easily.

In a world full of doubts, gold remains steadfast. A crucial role in central banks' strategies. Diversification. Security. Protection against the storms that always appear on the economic horizon.