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Who Owns Most of the World’s Gold?

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Japan

Tonnes: 765.2
Percent of foreign reserves: 2.4 percent

Japan, the world’s third largest economy, is also the eighth largest hoarder of the yellow metal. Its central bank has been one of the most aggressive practitioners of quantitative easing—in January, it lowered interest rates below zero—which has helped fuel demand in gold around the world.

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