What Country Owns the Most Gold? | 2021 | Gold Reserves by Country 🏆📊

This data visualization ranks gold reserves (measured in tonnes) held by central banks and also includes the IMF (International Monetary Fund) and the BIS (Bank for International Settlements).

A gold reserve was the gold held by a national central bank, intended mainly as a guarantee to redeem promises to pay depositors, note holders (e.g. paper money), or trading peers, during the eras of the gold standard, and also as a store of value, or to support the value of the national currency.

During most of history, a nation's gold reserves were considered its key financial asset and a major prize of war.

The World Gold Council estimates that all the gold ever mined totaled 190,040 metric tons in 2019 but other independent estimates vary by as much as 20%. At a price of US$1,250 per troy ounce ($40 per gram), reached on 16 August 2017, one metric ton of gold has a value of approximately $64.3 million. The total value of all gold ever mined would exceed $7.5 trillion at that valuation and using WGC 2017 estimates.

📊 Data:
https://www.gold.org/

#Gold #Shorts #BarChartRace #DataVisualization #DataRanking #DataComparison

gold reserves by country, gold reserves by nation, gold reserves in perspective, gold reserves in the world, gold reserves per country, gold reserves and currency, gold reserves in US, gold reserves in China, gold reserves in India, gold reserves in Russia, gold reserves in Germany, gold reserves Pakistan, Top 10 countries with largest gold, reserves in the world, gold reserve comparison of all countries, gold reserve holding, what country owns the most gold, what country has the most gold