Amidst global economic fluctuations and geopolitical tensions, central banks' interest in gold continues to rise. According to a newly released list, Turkey has rapidly increased its gold reserves, further solidifying its position among the world's giants.
The editorial team presents the top 10 countries with the largest gold reserves in the world:
USA: 8,133 tons (Maintains its global leadership).
Germany: 3,350 tons.
Italy: 2,452 tons.
France: 2,437 tons.
Russia: 2,333 tons.
China: 2,298 tons.
Switzerland: 1,040 tons.
India: 900 tons.
Japan: 846 tons.
Turkey: 635 tons.
Turkey has surpassed European nations like the Netherlands and Poland to secure the 10th position.
Why are gold reserves being increased?
According to economic experts, these are the main reasons countries are turning to gold:
Protection against inflation: Gold is the asset that best preserves its value during periods of inflation.
Reducing dollar dependency: Especially developing countries prefer gold to diversify their reserves.
Safe haven: In times of war and crisis, gold is considered the most reliable investment instrument.(milli.az)