15 Gold Hoarding Countries That Could Flood The World With Their Reserves

ton of gold

Everyone is in debt right now!

As such, governments around the world are likely to be looking around for assets they can dump.

One asset that a lot of countries have: gold!

The March 2010 report from the World Gold Council is now out and it gives insight into who owns how much

See which countries have the most gold as a % of their reserves >

15. Venezuela: 360.8 tonnes / 36.8% of reserves

14. Portugal: 382.5 tonnes / 84.9% of reserves

13. Taiwan: 423.6 tonnes / 4.1% of reserves

12. ECB: 501.4 tonnes / 25.2% of reserves

11. India: 557.7 tonnes / 6.9% of reserves

10. Netherlands: 612.5 tonnes / 53.4% of reserves

9. Russia: 641 tonnes / 5.1% of reserves

8. Japan: 765.2 tonnes / 2.5% of reserves

7. Switzerland: 1040.1 tonnes / 27.1% of reserves

6. China: 1054.1 tonnes / 1.6% of reserves

5. France: 2435.4 tonnes / 65.7% of reserves

4. Italy: 2451.8 tonnes / 64.9% of reserves

3. IMF: 3005.3 tonnes

2. Germany: 3406.8 tonnes / 66.1% of reserves

1. United States: 8133.5 tonnes / 70.4% of reserves

Do YOU only invest in gold? Maybe you should because...

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.