Largest Gold Deposits II
Gold is a very valuable resource worldwide. It has been used for trade for many centuries and has managed to remain valuable over many years of human history. This precious metal has proven to be the only ally for people in cases of global financial crisis, as the price was kept at a similar or higher price.
Some of the biggest gold resources in the world are owned by country governments and international entities, as well as national banks. A report made in 2001 showed which were the largest gold deposits in the world.
Starting at number 10 we have the Netherlands with a total of 674 tons of gold that have a total worth of 35 billion dollars for the country. The amount of precious metal is managed by the Netherland Bank. Next on the list is Japan, which has 843 tons of the resource estimated to cost somewhere at 43 billion dollars.
The Russian Federation is the 8th largest gold reserve in the world, having a whopping 915 tons that come at a price of almost 47 billion dollars. The country has managed to grow its gold production by 21% from 2009. Switzerland is at number 5 with a very obvious benefit of 1,142 tons of gold and at number 6 is China.
Stepping into the list of top five gold deposits on the planet, France takes number 5 with 2,683 tons of the precious metal, with a total worth of 137 billion. Italy is at number 4 with only a dozen or so tons of gold, managed by the Banca D'Italia. Another big resource for gold is the International Monetary Fund which has over 3,000 tons of gold – that can be used to aid any one of the 185 member countries.
Germany follows as the second largest gold deposit on the planet, while the United States of America own almost 9,000 tons at number one.