where is most of the worlds gold held
United States
title: Federal Reserve Bank of New York text: a vault that lies below street level and below sea level, resting on Manhattan bedrock. By 1927, the vault contained 10% of the world's official gold reserves. Currently, it is reputedly the largest gold repository in the world (though this cannot be confirmed as Swiss banks do not report their gold stocks) and holds approximately of gold bullion ($415 billion as of October 2011), more than Fort Knox. Nearly 98% of the gold at the Federal Reserve Bank of New York is owned by the central banks of foreign nations. The rest is owned by the United States and international title: Gold text: of about 21 meters. At $1,349 per troy ounce, 187,200 metric tonnes of gold would have a value of $8.9 trillion. , the world's largest gold producer by far was China with 455 tonnes. The second-largest producer, Australia, mined 270 tonnes in the same year, followed by Russia with 250 tonnes. Since the 1880s, South Africa has been the source of a large proportion of the world's gold supply, and about 50% of the gold presently accounted is from South Africa. Production in 1970 accounted for 79% of the world supply, about 1,480 tonnes. In 2007 China (with 276 tonnes) title: Gold text: depository in the world is that of the U.S. Federal Reserve Bank in New York, which holds about 3% of the gold known to exist and accounted for today, as does the similarly laden U.S. Bullion Depository at Fort Knox. In 2005 the World Gold Council estimated total global gold supply to be 3,859 tonnes and demand to be 3,754 tonnes, giving a surplus of 105 tonnes. After the August 15, 1971 Nixon shock, the price began to greatly increase, and between 1968 and 2000 the price of gold ranged widely, from a high of $850 per troy ounce ($27.33/g) title: Gold text: of gold in aqua regia. The consumption of gold produced in the world is about 50% in jewelry, 40% in investments, and 10% in industry. According to World Gold Council, China is the world's largest single consumer of gold in 2013 and toppled India for the first time with Chinese consumption increasing by 32 percent in a year, while that of India only rose by 13 percent and world consumption rose by 21 percent. Unlike India where gold is mainly used for jewelry, China uses gold for manufacturing and retail. Gold production is associated with contribution to hazardous pollution. Low-grade title: Largest gold companies text: recorded growth in output, they are: China (450 tons +5), Russia (250 +8 tons), USA (209 tons +9), Canada (170 tons +10), Mexico (125 tons +5) and Indonesia (100 tons +25); In 2015 only Australia, Peru, Mexico, Uzbekistan and Indonesia produced more than the year before. In 2013, nine of the world's 14 major producing regions recorded growth in output, they are: Australia, Brazil, Canada, Chile, China, Indonesia, Mexico, Papua New Guinea and Russia; In 2012 only Canada, China, Ghana, Mexico, Peru and Russia produced more than the year before. In 2013, the world's five leading gold producers, in order