8 Countries with the Largest Gold Reserves in 2023

2. Germany 

Gold Reserves In 2023: 3352.65 metric tons 

Germany, Europe’s largest economy, has prudently managed its gold reserves to safeguard against inflation. The Deutsche Bundesbank oversees the country’s gold reserves and has made significant efforts in recent years to repatriate a portion of its gold from foreign vaults. Unlike many countries with substantial gold reserves in 2023, Germany does not mine the metal. Instead, most of its reserves are imported or recycled to remain within the country.