Who Own the most Gold in the World Today?
The U.S. Federal Reserve holds 8,133.5 tonnes of gold
Gold has been used as a medium of exchange for thousands of years and has more recently become the preferred store of value for the world’s biggest central banks. The most gold in the world is owned by the Federal Reserve and the central banks.
Central banks hoard the precious metal because of its liquidity, which helps reduce balance-sheet risk. Gold is believed to allow central banks to preserve capital while at the same time diversifying their portfolios. The precious metal can also be moved relatively easily from one location to another.
The U.S. Federal Reserve is the world’s largest holder of gold, with 8,133.5 tonnes as of May 2020, accounting for 78.3 percent of its reserves, according to the International Monetary Fund and International Financial Statistics.
Germany was the second-largest gold hoarder at 3,362.2 tonnes or 74.3 percent of reserves.
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