Gold reserves of the World

What is gold reserves?

It Gold reserves is foundation or security of a currency and cover, even during war etc., it's controlled and stored by the central bank of any country and monetary establishments to back own currency. Having a lot of gold can increase the worth of the currency because there'll be a lot of gold backing it. If a country prints money papers that are not supported by a significant quantity of gold, then worth of that currency is weakened. Printing a lot of folding money and having fewer gold reserves end in inflation. Countries having most gold reserves.

Following eight (8) countries are having most gold reserves

1. The United States 8,134 tones
2. Germany 3,381 tons
3. International Monetary Fund 2,814 tons
4. Italy 2,452 tons
5. France 2,436 tons
6. China 1,762 tons
7. Russia 1,393 tons
8. Switzerland 1,040 tons