The US has the largest reserves overall with 8,133 tonnes, followed by Germany with 3,363 tonnes and Italy with 2,451 tonnes
most of its massive reserve – a total of 674 tonnes – from Paris and New York to Frankfurt.: 70.8
Unlike most countries, Italy’s gold is not owned by the state, but by Banca d’Italia, and held in vaults in Rome and at the Swiss National Bank, the Federal Reserve in New York and the Bank of England. While the country has come under financial duress, the Italian government made it clear that it had4. France Much of France’s gold was acquired during the 1950s and 1960s, and is held in vaults under the Banque de France in Paris.
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