Everything For The Detectorist - Metals GOLD
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25) Algeria: 173.6 tons
The north African country of Algeria has 20 tons of gold more than Thailand, with 173.6 tons of the stuff. It also has a strong gold mining tradition with gold thought to have been mined here on a small scale since pre-Roman times. The government has only recently taken steps to encourage commercial gold mining on a large scale as it's thought that there is a great deal of wealth hidden beneath its soil.
The north African country of Algeria has 20 tons of gold more than Thailand, with 173.6 tons of the stuff. It also has a strong gold mining tradition with gold thought to have been mined here on a small scale since pre-Roman times. The government has only recently taken steps to encourage commercial gold mining on a large scale as it's thought that there is a great deal of wealth hidden beneath its soil.
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24) Venezuela: 187.6 tons
Venezuela was in the top 20 gold owners until a few years ago, but in a bid to reduce its vast debts and fend off an economic crisis it sold off about $1.7 billion (£1.2 billion) of gold in early 2016 and it's now down to 187.6 tons. There is an established gold mining business in Venezuela but as its economic situation worsens an increasing number of unlicensed illegal mines are springing up.
Venezuela was in the top 20 gold owners until a few years ago, but in a bid to reduce its vast debts and fend off an economic crisis it sold off about $1.7 billion (£1.2 billion) of gold in early 2016 and it's now down to 187.6 tons. There is an established gold mining business in Venezuela but as its economic situation worsens an increasing number of unlicensed illegal mines are springing up.
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23) Philippines: 196.4 tons
The Philippines is one of Asia's largest gold producers. Although mining is big business here, it's thought that much of its gold is still untapped. Desperately poor locals hoping to get lucky and literally strike gold even undertake dangerous dives in mud-filled swamp mines in search of the precious metal. The country has large reserves of gold already, however, with 196.4 tons recorded as being under its ownership.
The Philippines is one of Asia's largest gold producers. Although mining is big business here, it's thought that much of its gold is still untapped. Desperately poor locals hoping to get lucky and literally strike gold even undertake dangerous dives in mud-filled swamp mines in search of the precious metal. The country has large reserves of gold already, however, with 196.4 tons recorded as being under its ownership.
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22) Belgium: 227.4 tons
Belgium is holding on to 227.4 tons of gold. Most of this is thought to be held abroad, some in the Bank of England and some in the Bank of Canada. There had been talk of the country looking into repatriating its stocks back to Belgium, but it's thought that the transport and security costs involved in the move were prohibitive and that Belgium was unsure where to store it if it did return to home soil.
Belgium is holding on to 227.4 tons of gold. Most of this is thought to be held abroad, some in the Bank of England and some in the Bank of Canada. There had been talk of the country looking into repatriating its stocks back to Belgium, but it's thought that the transport and security costs involved in the move were prohibitive and that Belgium was unsure where to store it if it did return to home soil.
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21) Austria: 280 tons
There is another big leap between 22nd and 21st place with Austria recorded as holding 280 tons of gold, more than 50 tons more than Belgium. Much of its stock was held in the Bank of England, but the Austrian National Bank is said to be working on repatriating much of this back to Vienna so that at least half of its gold is held at home.
There is another big leap between 22nd and 21st place with Austria recorded as holding 280 tons of gold, more than 50 tons more than Belgium. Much of its stock was held in the Bank of England, but the Austrian National Bank is said to be working on repatriating much of this back to Vienna so that at least half of its gold is held at home.
20) Spain: 281.6 tons
Just making the top 20 is Spain, which holds just over a ton more of gold than Austria with 281.6 tons in its stocks. Gold mining has been going on in Spain since before pre-Christian times and it was the Romans who turned it into a flourishing industry. There is now a renewed interest in Spanish gold with a lot of prospector activity being carried out in the hope of being able to strike it lucky. It's unlikely to impact heavily on the country's gold reserves, however.
Above: Spanish gold doubloons
Just making the top 20 is Spain, which holds just over a ton more of gold than Austria with 281.6 tons in its stocks. Gold mining has been going on in Spain since before pre-Christian times and it was the Romans who turned it into a flourishing industry. There is now a renewed interest in Spanish gold with a lot of prospector activity being carried out in the hope of being able to strike it lucky. It's unlikely to impact heavily on the country's gold reserves, however.
Above: Spanish gold doubloons
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