The gold standard was a popular monetary system in the past that directly linked countries’ currencies to the amount of gold they had in their reserves. Even though the gold standard has been abandoned for many years, countries still hold on to their reserves of gold. MadisonTrust.com looked at data from Trading Economics and Kitco to see which countries have the most gold by weight in the world.
What country is at the top of the list? That would be the United States with 8,133 metric tons of gold in their reserve. That gold is valued at about $480 billion. Also high on the list are Germany (3,355 metric tons), Italy (2,452 metric tons), France (2,437 metric tons), and Russia (2,299 metric tons). Collectively, the gold reserves from these five countries are worth more than $1 trillion. Did you know how much gold these countries still had in their reserves?