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The 10 Countries Sitting On The Biggest Piles Of Gold

Mamta Badkar   

The 10 Countries Sitting On The Biggest Piles Of Gold
Stock Market1 min read

Central banks have been diversifying their foreign reserves to include gold.

Global central banks bought 534.6 metric tons of gold last year.

The World Gold Council reports that official global gold holdings increased to 31,671.4 tonnes as of March.

We pulled the numbers on the 10 biggest official reserves.

Note: CBGA refers to the Central Bank Gold Agreements. The first Agreement (CBGA 1) ran from September 27, 1999 to September 26, 2004. The second Agreement (CBGA 2) ran from September 27, 2004 to September 26, 2009. The third Agreement (CBGA 3) will run for five years from September 2009.

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