Gold is in fact a safer, more secure and more liquid asset than any other securities or physical currency. Therefore, the Central Banks choose to keep money as gold reserves.
The Federal Bank of USA leads the list of gold reserves accumulated by any country. It has a reserve of 8,133 Metric tonne (MT) gold.
Following it is Germany hoarding the maximum gold reserves in the entire of Europe. The Bank of Italy (the central bank of Italy) is the third highest to amass the gold reserves. Trailing behind with 2,437MT gold is France.
Next in the list is Russia reported to have bought the second highest quantity of gold in the last seven years is the second highest.
The Central Banks of China, Switzerland, Japan and India are the next buyers of gold from the international market.
Netherlands stands at the tenth in the list of the maximum amount of gold reserves held by any central bank.