Who Owns The World’s Gold Reserves

(May 30, 2019 - Cecilia Jamasmie)

Central banks around the globe have been on a gold buying spree this year, with Russia and China leading the pack.

In the first three months of 2019, gold purchases by the country’s top banks hit the highest level in six years, as nations diversify their assets away from the US dollar.

Global gold reserves, in fact, rose 145.5 tonnes in the first quarter, a 68% increase from a year earlier, based on figures released by the World Gold Council earlier this month.

To better visualize where most of the world’s gold is sitting these days, the experts at How Much.net came up with this map, which shows exactly that: