Since the Spring Festival this year, the price of gold rose all the way, which caused another wave of gold rush. Where are the gold? According to statistical data, 88% of the world's gold is concentrated in these countries. This article will specific introduction as the following.

Gold is an ancient and modern common currency, it can be used as not only an investment goods but also a kind of decoration, its hedge ratio is relatively stronger, and therefore, it is the ideal product for many people.

According to a report released from Reuters, gold prices continued to climb above $1330 on 27^th after the Fed issued a statement to maintain interest rates unchanged. World Gold Council report shows that in the first quarter of this year, gold demand reached 1290 tons, with year-on-year growth of 21 percent, the second largest increase ever.

88% of the world's gold is mainly concentrated in the hands of 20 countries, the United States gold reserves ranked first, Germany second, and China’s gold reserves ranked sixth. Gold reserves in the United States first, 8133.5 tons of reserves, accounting for 24.79%; Germany ranked second, 3381 tons of reserves, accounting for 10.3%; Italy has gold reserves 2451.8 tons, accounted for than 7.47%, ranking fourth. France  has gold reserves 2435.7 tons, accounted for than 7.42%, ranking fifth; China ranking sixth, gold reserves 1808.3 tons, accounted for 5.51%; Russia ranking seventh, gold reserves 1476.6 tons, accounted for 4.5%, Switzerland has gold reserves 1040 tons, accounting for 3.17%, ranking eighth; Japan 765.2 tons, accounting for than 2.33%, ranking ninth. New Zealand tenth, gold reserves of 612.5 tons, accounting for 1.87%.

According to information that this year, China's gold reserves increased significantly, increased by 70 percent in one year, about 1059 tons of gold, and now retains the amount of 1800 tons. Gold reserves also plays an important role in the process of internationalization of the country, it can maintain monetary credit through holdings of gold. At present, the RMB has decided to be incorporated into the special drawing right (SDR) currency basket of the World Monetary Fund.

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