Everything For The Detectorist - Metals GOLD
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19) Lebanon: 286.8 tons
It's definitely not the most stable country in the world, but this small Middle Eastern land is rich in gold. Lebanon is currently holding on to 286.8 tons of gold and it has the second largest gold reserves in the Middle East, after Saudi Arabia. Although Lebanon has a mining industry, gold is not one of its abundant natural resources.
It's definitely not the most stable country in the world, but this small Middle Eastern land is rich in gold. Lebanon is currently holding on to 286.8 tons of gold and it has the second largest gold reserves in the Middle East, after Saudi Arabia. Although Lebanon has a mining industry, gold is not one of its abundant natural resources.
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18) Kazakhstan: 289.3 tons
The world's largest land-locked country Kazakhstan is currently working on developing its gold mining industry. With the help of foreign investors, attracted by its government's limited regulations, it hopes to become one of the world's largest gold-producing nations within 10 years. Perhaps it will use this to add to its own gold stocks, which currently amount to an impressive 289.3 tons.
The world's largest land-locked country Kazakhstan is currently working on developing its gold mining industry. With the help of foreign investors, attracted by its government's limited regulations, it hopes to become one of the world's largest gold-producing nations within 10 years. Perhaps it will use this to add to its own gold stocks, which currently amount to an impressive 289.3 tons.
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17) United Kingdom: 310.3 tons
Many countries choose to store their gold in the heavily fortified Bank of England vault in London, the second largest in the world after the vault at the New York Federal Reserve. The UK has its fair share of gold reserves too, with 310.3 tons of the precious metal held in its name. Despite there being no gold mines currently in the UK, it has long been seen as the center of the wholesale gold market and a major importer and exporter of the metal.
Many countries choose to store their gold in the heavily fortified Bank of England vault in London, the second largest in the world after the vault at the New York Federal Reserve. The UK has its fair share of gold reserves too, with 310.3 tons of the precious metal held in its name. Despite there being no gold mines currently in the UK, it has long been seen as the center of the wholesale gold market and a major importer and exporter of the metal.
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16) Saudi Arabia: 322.9 tons
The oil rich country of Saudi Arabia has the highest gold reserves in the Middle East, with 322.9 tons of the precious metal. As part of plans to diversify its economic base and place less of a reliance on oil, Saudi Arabia is also committed to boosting its gold mining industry. Although overshadowed by oil, this is not a new endeavor. Archaeological studies show that gold began being mined in the country up to 5,000 years ago.
The oil rich country of Saudi Arabia has the highest gold reserves in the Middle East, with 322.9 tons of the precious metal. As part of plans to diversify its economic base and place less of a reliance on oil, Saudi Arabia is also committed to boosting its gold mining industry. Although overshadowed by oil, this is not a new endeavor. Archaeological studies show that gold began being mined in the country up to 5,000 years ago.
© chrisdorney/Portugal
15) Portugal: 382.5 tons
Portugal has 382.5 tons of gold, nearly 60 tons more than Saudi Arabia. However, the country has battled with economic instability and there have been calls for it to sell off some of its gold reserves to reduce its national debt. Regulations make this easier said than done though and for now Portugal is holding on to its precious asset.
Portugal has 382.5 tons of gold, nearly 60 tons more than Saudi Arabia. However, the country has battled with economic instability and there have been calls for it to sell off some of its gold reserves to reduce its national debt. Regulations make this easier said than done though and for now Portugal is holding on to its precious asset.
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14) Taiwan: 423.6 tons
Despite being a small island off the coast of China, Taiwan is sitting on 423.6 tons of gold and has held this amount of the precious metal for several years. Gold is always seen as a strong investment in uncertain times and with Brexit, the unpredictable Trump presidency and threats from North Korea, the world is certainly going through a period of instability. This has pushed the price of gold up, making Taiwan's gold assets a sound investment for the near term.
Despite being a small island off the coast of China, Taiwan is sitting on 423.6 tons of gold and has held this amount of the precious metal for several years. Gold is always seen as a strong investment in uncertain times and with Brexit, the unpredictable Trump presidency and threats from North Korea, the world is certainly going through a period of instability. This has pushed the price of gold up, making Taiwan's gold assets a sound investment for the near term.
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