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Top 10 Gold Owners in the World
On the global stage, Russia's position as one of the "Kings of Gold" is increasingly undisputed. Based on the latest tonnage data as of September 2025, Russia firmly holds fifth place in the world, closely trailing advanced European economies.
Here is a list of the 10 countries with the largest gold reserves in the world (in tons):
Overtakes China, But with Different Strategies
It is interesting to note that Russia currently ranks one place above its strategic ally, China.
The Bamboo Curtain country is recorded as occupying sixth place with 2,304 tons of gold.
Despite the small difference in physical quantities, the foreign exchange reserve management strategies of these two giant countries are starkly contrasting:
Russia: Relies heavily on gold as a primary pillar of economic defense (42% of total reserves).
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China: Gold is merely a supplementary diversification tool, accounting for only around 7.68% of its massive foreign exchange reserves.
Meanwhile, the United States still holds the title of the world's largest gold holder.
Uncle Sam holds 8,133 tons of gold, unmatched by any other country. This precious metal plays a vital role in the US economy, comprising approximately 80% of the country's total foreign exchange reserves.
Market analysts view Russia's gold accumulation trend as a long-term strategy to diversify the country's wealth and reduce exposure to foreign exchange risk amidst constantly changing geopolitical dynamics.