59%
USD share of global reserves
Down from 71% in 2000
๐บ๐ธ ๐ช๐บ ๐ฏ๐ต ๐ฌ๐ง ๐จ๐ณ
LIVE ยท UPDATED MINUTELY
2,331 tonnes. China's record haul.
Central banks bought 1,037 tonnes in 2024 โ the third consecutive year of historic accumulation. Watch the shift happen live.
๐จ๐ณ +10.4t ยท ๐ฎ๐ณ +8.7t ยท ๐น๐ท +6.2t ยท ๐ต๐ฑ +5.1t ยท ๐ท๐บ +4.8t ยท ๐ Net buying 14yr streak
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Sovereign Gold Simulator
Plot monthly central bank gold purchases from 2010 to today. Toggle countries, zoom decades, project forward.
Live Global Accumulation
184723.40t
๐จ๐ณ China
๐ฎ๐ณ India
๐น๐ท Turkey
๐ต๐ฑ Poland
๐ท๐บ Russia
๐ธ๐ฌ Singapore
Monthly purchases (tonnes)
The De-Dollarization Index
71% โ 59%USD 59%
Non-USD 41%
๐ช๐บ
2001
โฌ EUR launch
71%
๐
2008
GFC reserve shifts
64%
๐ง๐ท
2014
BRICS bank
65%
๐จ๐ณ
2018
Yuan oil futures
62%
๐ท๐บ
2022
Russia freeze
58%
๐
2024
BRICS+ expansion
59%
Top Reserve Holders
The world's 20 largest sovereign gold stockpiles. Click any row to expand its 24-month sparkline.
| Last Move | |||||
|---|---|---|---|---|---|
| 1 | ๐บ๐ธ United States US | 8,133t | 72.5% | โ 0.0t | 0.0% |
| 2 | ๐ฉ๐ช Germany DE | 3,351t | 70.4% | โ 0.0t | 0.0% |
| 3 | ๐ฎ๐น Italy IT | 2,451t | 66.2% | โ 0.0t | 0.0% |
| 4 | ๐ซ๐ท France FR | 2,437t | 64.5% | โ 0.0t | 0.0% |
| 5 | ๐ท๐บ Russia RU | 2,333t | 32.4% | โฒ +8.1t | +4.2% |
| 6 | ๐จ๐ณ China CN Record High | 2,331t | 9.1% | โฒ +10.4t | +23.7% |
| 7 | ๐จ๐ญ Switzerland CH | 1,040t | 11.5% | โ 0.0t | 0.0% |
| 8 | ๐ฎ๐ณ India IN | 876t | 11.2% | โฒ +8.7t | +9.8% |
| 9 | ๐ฏ๐ต Japan JP | 846t | 5.4% | โ 0.0t | 0.0% |
| 10 | ๐น๐ท Turkey TR | 612t | 32.0% | โฒ +6.2t | +14.1% |
| 11 | ๐ณ๐ฑ Netherlands NL | 612t | 61.0% | โ 0.0t | 0.0% |
| 12 | ๐ต๐ฑ Poland PL | 480t | 17.4% | โฒ +5.1t | +18.2% |
| 13 | ๐น๐ผ Taiwan TW | 422t | 5.2% | โ 0.0t | 0.0% |
| 14 | ๐บ๐ฟ Uzbekistan UZ | 395t | 78.1% | โฒ +9.2t | +23.4% |
| 16 | ๐ธ๐ฆ Saudi Arabia SA | 323t | 4.1% | โ 0.0t | 0.0% |
| 17 | ๐ฌ๐ง United Kingdom UK | 310t | 10.5% | โ 0.0t | 0.0% |
| 15 | ๐ฐ๐ฟ Kazakhstan KZ | 297t | 58.1% | โฒ +4.6t | +12.7% |
| 18 | ๐ช๐ธ Spain ES | 281t | 18.2% | โ 0.0t | 0.0% |
| 20 | ๐น๐ญ Thailand TH | 234t | 8.1% | โฒ +2.4t | +5.6% |
| 19 | ๐ธ๐ฌ Singapore SG | 220t | 4.3% | โฒ +3.1t | +7.4% |
The De-Dollarization Index
Four numbers that explain the structural shift in global reserves.
$2.4T
Gold added since 2022
Central bank balance sheet impact
๐จ๐ณ ๐ฎ๐ณ ๐น๐ท ๐ต๐ฑ ๐ท๐บ
14
Consecutive years of net buying
Longest streak since Bretton Woods
๐ ๐๏ธ ๐
37
Nations expanded gold in 2024
Up from 23 in 2020
๐จ๐ณ ๐ฎ๐ณ ๐น๐ท ๐ต๐ฑ ๐ธ๐ฌ ๐บ๐ฟ ๐ฐ๐ฟ
China Reserves
2,331t
May 2024 Buy
+10.4t
Global Gold Share
18%
Buying Streak
14 years
Why the Rush
Six structural forces driving sovereign gold accumulation.
Sanction Shield
Geopolitical protection from asset freezes and dollar-weaponization.
โ Deep-diveInflation Anchor
Hedge against currency debasement and monetary expansion.
โ Deep-diveNo Counterparty
The only reserve asset with zero default risk.
โ Deep-diveBRICS+ Bridge
New cross-border settlement rails outside the dollar system.
โ Deep-diveDomestic Trust
Gold-backed currency credibility in emerging markets.
โ Deep-divePetro-Yuan Pivot
Oil trade settling in non-USD currencies.
โ Deep-diveBriefing Room
Common questions on sovereign gold flows.
How often do central banks report gold?
Most central banks disclose reserves monthly through the IMF International Financial Statistics (IFS) database, with some โ like the People's Bank of China โ releasing figures on a delayed monthly cadence.
Why doesn't the US sell its gold?
The 8,133-tonne US stockpile anchors the dollar's reserve status and provides a strategic asset with no counterparty risk. Selling would signal weakness and undermine confidence in the petrodollar system.
What is the gold-to-reserves ratio?
It is the percentage of a central bank's total foreign reserves held in physical gold, as opposed to currencies, IMF special drawing rights, or other reserve assets.
How is tonnage verified?
Tonnes are verified through audited central bank disclosures, IMF reporting, and historical custody records held at facilities like the Federal Reserve Bank of New York and the Bank of England.
Is this bullish for gold price?
Persistent official-sector demand is a strong long-term price signal. Central banks now buy more gold annually than jewelry demand, structurally tightening the supply-demand balance.
Where does the data come from?
Sources include the World Gold Council (WGC), IMF International Financial Statistics, individual central bank filings, and national customs records. All data is cited inline on each country page.
Get the monthly Gold Ledger report.
Reserve shifts, policy moves, and price impact โ delivered before the markets open.
Data sourced from public central bank disclosures. Not investment advice.