Gold is one of the least reactive solid chemical elements, occurs often in free elemental (native) form, as nuggets or grains in rocks, in veins and in alluvial deposits. Gold is an excellent monetary exchange, by recognition of gold coins or other bare metal quantities, or through gold-convertible paper instruments by establishing gold standards in which the total value of issued money is represented in a store of gold reserves.
After the recent surge of price by Gold, the focus shifted to high reserve holding countries. Today, gold mining output is declining and new production from mining is approximately 2500 tons a year. The biggest holders of gold are governments, central banks and international entities.
GOLD RESERVES IN COUNTRIES
1. Eurozone with a highest gold reserves of around 10800 tonnes.
2. United States of America is holding almost 8,200 tonnes in various locations like US Mints in Philadelphia and Denver
3. Germany is holding a gold reserve of almost 3,400 tonnes managed by Germany's central bank, the Deutsche Bundes bank in Frankfurt.
4. International Monetary Fund (IMF) have a gold reserve of 2,850 tonnes intended to aid national economies and stabilize international markets.
5. Italy have a gold reserve of almost 2450 tonnes managed by the Banca D'Italia.
6. France is another country holding about 2450 tonnes managed by Banque de France.
7. China also have a huge gold reserves approximately 1100 tonnes
8. Switzerland having a gross reserves of about 1000 tonnes managed by Swiss National Bank.
9. Russia also have around 775 tonnes of gold reserves managed by Central Bank of the Russian Federation.
10. Japan have handsome about 750 tonnes of gold reserves.
11. Netherlands have about 600 tonnes of Gold reserves handled by Netherland Bank.
12. India holding a gold reserve of 600 tonnes.
13. Kingdom of Saudi Arabia have gold reserves of 320 tonnes
14. United Kingdom have around 300 tonnes of Gold reserves