What Person Owns The Most Gold?

Which country has the most unmined gold?

ChinaList of countries by gold production2018 RankCountryReserves (tonnes)1China2,0002Australia9,8003Russia5,3004United States3,00013 more rows.

Is China buying all the gold?

Officially, they usually deny that gold is money. But in 2018, the volume of gold bought by central banks rose to its highest level since the end of the partial gold standard 1971. … So China has stopped to renew mature bonds and buy U.S. dollar-denominated gold instead in December 2018 after a two-year pause.

Who owns the most gold privately?

The top 3 gold hoarders are the United States at 8,133.5 tonnes, Germany at 3,384.2 tonnes, and Italy at 2,451.8 tonnes, according to Profit Confidential which recently compiled a list.

What person has the most gold in the world?

United States: 8,133.5 tons. The United States is the country with the most gold in the world with 8,133.5 tons of gold bullion.Germany: 3,372 tons. … International Monetary Fund: 2,814 tons. … Italy: 2,451 tons. … France: 2,436 tons. … Russia: 1,890.8 tons. … China: 1,842.6 tons. … Switzerland: 1,040 tons. … More items…•

Where is the purest gold found?

Located in South Africa, the Witwatersrand Basin represents the richest gold field ever discovered. It is estimated the 40% of all of the gold ever mined has come out of the Basin. In 1970, South Africa’s output accounted for 79% of the world’s gold production.

Has anyone ever tried to rob Fort Knox?

Not only has there never been a successful robbery of Fort Knox, but no one has even attempted it since the vault opened in 1935. There are no visitors allowed.

How much unmined gold is left?

The estimated price tag of all that gold was $8.6 billion. The USGS reports that about 18,000 tonnes of gold remain undiscovered in the U.S., with another 15,000 tonnes having been identified but not mined.

Where is the most gold deposits in the world?

South AfricaWorld’s Largest Deposits of Gold The massive deposits of the Witwatersrand mines in South Africa have produced more than 40 percent of the world’s total production of gold.

How much gold is in the Bank of England?

Our gold vaults hold around 400,000 bars of gold, worth over £200 billion.

How much is the gold in Fort Knox worth?

Fort Knox holds more than 147 million ounces of gold. Fort Knox currently houses 147.3 million ounces of gold. The government says the bullion has a “book value” of $6.22 billion.

Does China have the most gold?

Gold mining in the People’s Republic of China has made that country the world’s largest gold producer by far with 463.7 tonnes in 2016. … China produced nearly 300 tonnes of gold in 2008. It is also the only country in the top three where production rose in 2008.

Who has the most gold bars in the world?

Which Country Has the Most Gold Reserves?CountryRankTons of GoldUnited States18,133.5Germany23,373.6Italy32,451.8France42,436.016 more rows•Apr 30, 2018

How much gold does China own?

China now holds 62.26 million ounces — about 1,945 tons — of gold, according to data from the People’s Bank of China. The sum is worth approximately $93.4 billion at current prices. The country has added about 94 tons of gold to its reserves in the past eight months.

Who owns the gold in Fort Knox?

Instead, the Bureau notes that the amount of working stock in all locations totals 2,783,218.656 troy ounces of gold as of August 31, 2018. So who owns all the gold in Fort Knox? The U.S. Department of the Treasury owns the gold in Fort Knox, as well as the gold that’s held in Denver, CO and West Point, NY.

Who has more gold China or USA?

On the face of things, the USA with 8,133.6 tonnes of gold in its reserves possesses around four times as much gold as China in its reserves as reported to the IMF, but is that really the case?