What Country Has the Most Gold Reserves Now?

Jon Banking, Economy, Gold, Market Commentary, Precious Metals

This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission.
With some central banks loading up on gold and others dumping it, it’s fair to ask, ‘What country has the most gold reserves now?’
Some countries have been adding to their gold reserves at spectacular rates – as much as doubling or even tripling their holdings in recent years.
But for all that gold-buying, the United States remains the king of the hill by far.
The U. S. has gold reserves of 8,133.5 tonnes – more than twice that of No. 2 Germany with 3,378 tonnes – according to the latest data from the World Gold Council.

This post was published at Wall Street Examiner on August 26, 2016.