Which European countries buy the most physical gold

 

  1. Germany: Germany is one of the largest holders of gold reserves in the world. The country holds a substantial amount of gold in its Bundesbank vaults.
  2. Italy: Italy also has significant gold reserves, held primarily by the Bank of Italy.
  3. France: The Banque de France holds a notable amount of gold in its vaults.
  4. Netherlands: The Netherlands maintains a considerable amount of gold in its reserves.
  5. Switzerland: Switzerland is known for its historical role as a global hub for gold trading and storage. While it is not one of the largest holders of gold reserves by quantity, its significance in the gold market cannot be overlooked.
  6. Russia: While not entirely in Western Europe, Russia holds a substantial amount of gold in its reserves, making it one of the top gold-holding countries in the world.
  7. United Kingdom: The UK holds a notable amount of gold in its reserves, primarily managed by the Bank of England.
  8. Austria: The Austrian central bank, Oesterreichische Nationalbank (OeNB), also holds a significant amount of gold

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