Only 10 countries control 50% of global gold reserves

Only 10 countries control 50% of global gold reserves

Data investigated and calculated by Buyshares.co.uk reveals that ten countries control 49.37% of the global gold reserves.  According to the data, the cumulative global gold reserves is 1.85 billion ounces.



The ten countries control 25,891 tons of gold



The ten countries control 913.29 million ounces in gold (or 25,891 tons) with the United State taking the lead with 286.86 million ounces or 15.5% of the total global gold reserves. Germany is second with 188.63 million ounces which represent 6.4% of the global reserve.



The International Monetary Fund is third with 99.24 million ounces, accounting for 5.3% of the global reserve. Italy's gold reserves of 86.47 million ounces make up 4.7% of the world total reserves. France occupies the fifth spot with 85.91 million ounces in gold reserves or 4.6% of the global tally.



Russia has the sixth-highest gold reserves at 80.89 million ounces or 4.3% of the global cumulative reserves. China accounts for 3.8% at 69.54 million ounces while Switzerland lies in the seventh spot with 36.67 million ounces or 1.9% of the global total gold reserves.



Japan's 26.96 million ounces places it in the ninth spot to account for 1.5% of the global reserves. India is tenth with 22.11 million