With gold prices getting ready to soar, we’ve decided to find out who owns the most bullion in the world.
It’s no surprise that governments, central banks, and investment funds are the world’s largest holders of gold reserves. These organizations know gold is the ultimate store of value that protects against inflation and offers a safe haven during times of economic and geopolitical turmoil.
To find out who owns the most gold in the world, we referred to data from the International Monetary Fund’s International Financial Statistics Report.
United States of America
Percent of foreign reserves: 74.9 percent
With the largest holding in the world, the U.S. lays claim to nearly as much gold as the next three countries combined. It also has one of the highest gold allocations as a percentage of its foreign reserves, second only to Tajikistan, where the metal accounts for more than 88 percent. Donald Trump made headlines recently, claiming “we do not have the gold,” but from what we know, the majority of U.S. gold is held at Fort Knox in Kentucky, with the remainder held at the Philadelphia Mint, Denver Mint, San Francisco Assay Office and West Point Bullion Depository.