Archive · 19 Nov 2025
Gold Reserves: US and Europe Lead, China Catches Up
Gold is still mostly held by the US and Europe, but China is buying more.
Other countries also want to have more gold because of worries about money and politics.
US holds 8,133.5 tonnes, unchanged for decades
Europe (Germany, Italy, France) combined holds over 8,240 tonnes
China added 331 tonnes between 2019-2024, now holds 2,279.6 tonnes
India and Japan hold 876.2 tonnes and 846 tonnes respectively
Smaller countries like Switzerland, Uzbekistan, and Saudi Arabia also build reserves
- Who
- Central banks, countries
- What
- Hold gold reserves
- When
- 2025
- Where
- Global
- Why
- Diversification, uncertainty, inflation risks
Pro-Gold Buying
Cautious on Gold Buying
Diversification
Pro-Gold Buying
Gold helps diversify reserves away from US Treasuries and other currencies
Cautious on Gold Buying
Gold may not always provide a safe haven, as seen during the 2008 financial crisis
- US Gold Reserves
- 8,133.5 tonnes
- European Gold Reserves (Germany, Italy, France)
- 8,240 tonnes
- Chinese Gold Reserves
- 2,279.6 tonnes
- Indian Gold Reserves
- 876.2 tonnes
- Percentage of Global Gold Holdings by US and Europe
- Over 60%
