Which Latin American country has the largest gold reserves?
According to the World Gold Council, Venezuela has the largest gold reserves in South America, with about 161.2 tons.
For decades, the country on the northern coast of South America has been one of the areas with the largest gold reserves in the region.
Brazil follows with 129.6 tons and Mexico with 120 tons.
Both countries are the only ones in Latin America whose gold reserves exceed 100 tons.
According to the Peruvian central bank (Banco Central de Reserva del Perú), the Andean country ranks sixth with 34.6 tons, behind Argentina with 61.7 tons and Bolivia with 43 tons.
It is followed by Ecuador with 33.7 tons, Paraguay with 8.1 tons, and Colombia with 4.6 tons (as of February this year).
On the other hand, the amount of gold held by these countries in the region remains lower compared to the nations with the largest gold reserves in the world.
The United States alone, which tops the list, has more than 8,100 tons.
Germany’s central bank has reserves of around 3,355 tons of gold, making it the second largest in the world.
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