The world’s nations held a combined 35,218 tonnes of gold reserves as of February 2021, up from 34,700 tonnes the year before. Countries hold gold reserves to support their currency in cases of hyperinflation or other economic crises.
Though holding gold reserves is a luxury every nation would like to afford, less than 100 countries have substantial gold reserves. Just five countries hold the majority of the 35,000 tonnes of the world’s gold reserves. Only 34 nations have over 100 tonnes of gold reserves on hand.
To determine the countries that control the world’s gold, 24/7 Wall St. reviewed data on gold reserves by country in tonnes (metric tons) as of February 2021 from the World Gold Council.
Unsurprisingly, many of the countries on this list rank as the wealthiest in the world. These are the richest counties in the world.
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