The only certain thing in an uncertain international economic crisis is that countries are increasing their gold reserves. Most notably China has been moving away from a weakening U.S dollar in order to defend itself from further falling victim of a deepening crisis. Gold will continue to surge as long as the Federal Reserve keeps interest rates near zero and neglects to support the dollar.
Gold is holding near record highs above $1400 an ounce… Will gold become the new world currency? If that’s the case, whoever has the most reserves will have greatest advantage! Only time will tell…
Here is a list of the top 20 gold holding countries.
Rank Country Gold(tonnes)
1. 
United States 10,792.6
2. 
Germany 3,401.8
3. 
Italy 2,451.8
4. 
France 2,435.4
5. 
China 1,054.1
6. 
Switzerland 1,040.1
7. 
Russia 775.2
8. 
Japan 765.2
9. 
Netherlands 612.5
10. 
India 557.7
11. 
Taiwan 423.6
12. 
Portugal 382.5
13. 
Venezuela 363.9
14. 
Saudi Arabia 322.9
15. 
United Kingdom 310.3
16. 
Lebanon 286.8
17. 
Spain 281.6
18. 
Austria 280.0
19. 
Belgium 227.5
20. 
Philippines 175.9
