10 Countries With the Largest Gold Reserves in the World

To some, gold is an overrated yellow metal. To most, however, this yellow metal holds a very specific defined value. Even though currency is no longer backed by gold directly, the metal serves an important purpose in stabilizing the global economy. Gold makes up a portion of most forex reserves, with larger percentages for some countries than others. On the Insidermonkey, there is an article on the countries with the largest gold reserves. Check it out, please.

Gold is a precious metal that has always been considered as a safe investment. Though gold prices have fallen from the beginning of 2013, it has always caught everyone’s attention. Over the past few years, the prices have increased alarmingly. Irrespective of its price, the demand for gold is always high. There are a lot of countries that are currently digging to get this valued metal. Of all these countries, only a few of them are able to produce a good quantity of gold.

Moreover, it is important to know that central banks are responsible for holding reserves, since they are the primary financial institution in just about any nation. And to know more, you should check out these 10 gold producing countries in the world as well.