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Numismatic ArticlesWho Owns the Most Gold ?
| The top ten largest owners of gold in the world are reported to control a total of 24,258.3 tonnes, or over 855 million ounces. At current spot prices, this gold would be worth approximately $804.35 billion and represents about 15.4% of all the gold ever mined. |
612.5 TonnesThe Netherland central bank, De Nederlandsche Bank, oversees all of the the Dutch national finances, including the country’s 612.5 tonnes of gold . The Dutch gold is currently worth over $20 billion . |
 765.2 TonnesJapan is ninth largest gold owner in the world, with 765.2 tonnes of gold that accounts for only2.1% of the nation’s total foreign reserves. On the open market, Japan’s gold reserves are worth approximately $25.4 billion and are managed by the Bank of Japan. |
 1040.1 TonnesThe Swiss National Bank oversees the country’s 1,040.1 tonnes of gold. The gold is believed to be stored in huge underground vaults near the federal Parliament building in Berne, however the Swiss National Bank treats the location of the gold reserves as a secret. Switzerland’s stockpile is worth approximately $34.5 billion in today’s gold market. |
 1054 TonnesThe world’s most populous country also has the world’s seventh largest gold reserve. With a population of 1,330,440,055 (A rough estimate as of July 2009), the country holds about $26 worth of gold per person, worth a total of almost $35 billion. |
 1120.6 TonnesOriginally listed on the New York Stock Exchange in 2004, SPDR Gold Shares is one of the fastest growing ETFs in the world. All of the Trust’s gold is held by the Custodian, HSBC Bank, in their London vault. |
 2450.7 TonnesThe Banque De France is responsible for France’s gold holdings, which have been reported at about 2,450.7 tonnes by the International Monetary Fund. With the fifth largest gold reserve in the world, France’s amount to about $81.3 billion. |
 2451.8 TonnesThe Italian National Bank, Banca D’Italia, manages the country’s large gold holdings, with approximately 2,451.8 tonnes of gold in reserve, Italy’s holdings are very close to France’s and are also worth approximately $81.3 billion at current prices. |
 3217.3 TonnesThe International Monetary Fund oversees the global financial system of its 185 member countries and was formed to stabilize international exchange rates and facilitate development, mainly to poorer countries. |
 3412.6 TonnesThe Deutsche Bundesbank, Germany’s central bank, is one of the most influential member of the European System of Central Banks. With a hefty 3,412.6 tonnes of gold reserves, which are valued at about $113.2 billion at current prices. |
 8133.5TonnesThe United States holds the largest gold reserve in the world. With 8,133.5 tonnes, the US gold holdings are worth approximately $269.67 billion. This massive gold reserve represents about .9436 an ounce for ever person living in the country. The majority of the American gold is reported to be held in the world famous United States Bullion Depository in Fort Knox, Kentucky, although no audit has been conducted in over 40 years. |
1986 saw the introduction of a completely new type of US coin. Actually several, if you think about it – the Walking Liberty Dollar, and the Saint-Gaudens $5, $10, $25, and $50. I’m talking, of course, about the American Eagle series of coins – the US Mint’s ultimately successful entry into the well-established market for coins as bullion. These coins contained a specific amount of a precious metal; one ounce of silver, and 0.1, 0.25, 0.5 or exactly one ounce of gold. Face values? Yes, they were visible on the coin, but neither you, I, nor anyone we know has ever spent one of these pieces.
