Date: 4 weeks ago   Category: Financial

The rating of the countries with the largest gold reserves is


The first five of the countries with the largest gold reserves includes the USA, Germany, Italy, France and Russia. The International Monetary Fund and the World council for gold collected information on a gold reserve of the countries for the beginning of April, 2019. Business Insider reports about it. In 2018 the volume of gold which is bought by the central banks grew to the highest level for the last 50 years, and this trend remains. The edition made top-10 the countries with the largest gold reserves. The USA is in the first place. Official a gold reserve - 8133.5 tons. A precious metal share in gold and foreign exchange reserves of the country - 74.9 percent. The gold reserves of the USA are almost twice more, than the general gold reserves of Germany and Italy. Further there is Germany (3369.7 tons and 70.6 percent) In 2017 to it it was succeeded to return the gold reserves for billions of dollars from France and the USA by means of what the Central bank of Germany tries to regain the trust of the public. On the third position Italy (2451.8 tons and 66.9 percent) was placed. However, the future of a gold reserve is questionable in connection with growth of popularity of political party Five Star Movement for which characters populism and Euroscepticism. Earlier Rome suggested to transfer the official ownership to gold reserves of the public. At the moment this right belongs to Bank of Italy. The fourth place is taken by France (2436 tons and 61.1 percent) In 2018 the Bank of France began to work on improvement of a condition of the gold reserves that will help the country to achieve new achievements in the sphere of international trade. Russia (2150.5 tons and 19.1 percent) closes the five. Here the government also buys gold as seeks to reduce dependence on the American assets, and for the last ten years increased stocks four times. Further China, Switzerland, Japan, the Netherlands and India follow. Earlier mass media reported that the USA took out 50 tons of gold of IS from Syria. The American military personnel took out tens of tons of gold from Syria, having agreed with terrorists. The Russian Federation said that bypassed China on gold reserves in News reserves from the Correspondent.netv of Telegram. Subscribe for our https://t.me/korrespondentnet channel

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