Looking for something?

In Standard

Who Owns Most of the World’s Gold?

7 of 10

Switzerland

Tonnes: 1,040
Percent of foreign reserves: 6.7 percent

In seventh place is Switzerland, which actually has the world’s largest reserves of gold per capita. During World War II, the neutral country became the center of the gold trade in Europe, making transactions with both the Allies and Axis powers. Today, much of its gold trading is done with Hong Kong and China. Just last quarter, the Swiss National Bank posted a $5.9 billion profit, largely a result of its sizable gold holdings.

7 of 10

0 Comment 935 Views

Leave a Reply