Increase in gold reserves: Russia and China lead in the last decade
According to the data of the World Gold Council, in the last decade (2013-2023) only Russia and China have significantly increased their gold reserves, reports Visual Capitalist, quoted by Focus.
During this period, Russia increased its stocks from 1,035 to 2,333 tons, and China – from 1054 to 2235 tons. Turkey took third place, increasing its stocks from 116 to 540 tons.
Experts attribute the growing interest in gold to worsening geopolitical tensions, increased sanctions and discussions of de-dollarization. Central banks see gold as a safe, liquid asset with the potential for profitability.
Despite active gold purchases by other countries, the US is still the largest holder of gold reserves in the world with 8,133 tons. Half of that gold is stored at Fort Knox, Kentucky.
Germany is second in total gold reserves with 3,351 tonnes, followed by Italy with 2,452 tonnes. Russia and China are in fifth and sixth place respectively.
Earlier it was reported that central banks around the world are diversifying their reserves, getting rid of the dollar and yuan in favor of gold.
Source: https://fakti.bg/