Did you know that central banks around the world hold huge amounts of gold? Why? Because gold is valuable, safe, and easy to sell when needed. Central banks—like those in the U.S., China, and Russia—see gold as a strong investment, especially during uncertain times. In fact, they hold about a fifth of all the gold ever mined in history!
The U.S. leads the pack, with the most gold reserves in the world—over 8,100 tonnes, worth a massive $579 billion! That’s more gold than any other country. But which countries are adding the most gold to their reserves today? Let’s find out.
Gold: A Safe Bet in a Shaky World
As the world faces rising tensions between nations, more sanctions, and even talks about moving away from using the U.S. dollar in global trade, countries are turning to gold. Gold is seen as a safe haven—a reliable store of wealth that isn’t tied to any country’s currency. So when the future seems uncertain, gold becomes a go-to for central banks looking to protect th...