Over the past few days, news has emerged that Russia boosted its gold reserves for the sixth straight month in September. The 37.2 metric ton expansion, valued at $1.5 billion, took the country's stockpile to 1,149 tons in total. How does that compare with other countries across the world?
The United States is the world's biggest hoarder of gold by far with a stockpile of 8,133 tons. Germany has about 3,384 tons while the United Kingdom has about 310. Interestingly, gold accounts for 10 percent of Russia's total reserves compared with 71 percent for the United States.
The Gold Reserves Of The Largest Industrial Nations
Description
This chart shows gold reserves in selected countries in metric tons in October 2014.
