These are the five largest gold reserves countries in the world

Do you know which countries have the largest #Gold_Reserves in the world, if you do not know, today through this article, we will give you information about 5 countries of the world that are According to a report released by the World Gold Council, this country ranks among the list of the world's largest deposit of #Gold_Reserves .

 These are the five largest gold reserves countries in the world

#United States(USA)
Located in the United States(USA), #Washington reportedly has the world's largest #Gold_Reserves  of 8,407 tonnes. It accounts for more than 75 percent of the national foreign exchange reserves. The US Fed is not as active in buying gold as other countries to prevent the devaluation of the dollar.

Deutsche Bundesbank currently holds 3,483 tons of #Gold_ Reserve, which makes up more than 70 percent of Germany's foreign reserves. The regulator is trying to bring back some 674 tonnes of gold held by the Box de France and the US Federal Reserve Bank. The nation's repatriation of gold is expected to be completed by 2020.

With 2,534 tonnes of #Gold_Reserve  in its coffers, Italy landed 3 in ratings. This amount represents about 70 percent of the country's foreign reserves. According to the policy adopted by the Bank of Italy, gold is the safest investment in times of economic turmoil and a protection against the volatility of the US dollar.

Paris reportedly has 2,518 tonnes of #Gold_Reserve, which is about 60 percent of France's entire foreign reserves. French politician Marine Le Pen, leader of the national rally, has repeatedly called for a ban on the nation's sale of gold, as well as for repatriation of all of France's bullion being held by foreign states.

In the last six years, the Russian central bank has grown significantly faster on gold purchases. In 2017, the country excluded China from the list of top five largest gold holders. Last year Russia became the world's leading buyer with net purchases reaching 274 MT. In February, the Russian central bank increased its foreign exchange reserves of 31.1 tonnes of gold, increasing its holding of the #Gold_Reserve  to 2,149 tonnes.

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