15 Countries That Are Making A Fortune On The Surge In Gold

chavez

Once again, gold is going nuts, as every government is printing money, and threatening their stability by spending so much money.

But it’s not bad news for everyone. Governments with big stores of gold are raking in the profits.

Based on the March 2010 report from the World Gold Council we’ve ranked the countries that have the most gold as a percentage 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.