Gold Reserves | Forecast | 2016-2020

This page provides forecasts for Gold Reserves including a long-term outlook for the next decades, medium-term expectations for the next four quarters and short-term market predictions.


Last Q2/17 Q3/17 Q4/17 Q1/18 2020
United States 8133.46 Dec/16 8133 8133 8133 8133 8133
Euro Area 504.77 Dec/16   505 505 505 505 505
China 1842.56 Dec/16   1848 1849 1850 1850 1850
Japan 765.20 Dec/16 765 765 765 765 765
Germany 3377.94 Dec/16   3400 3400 3400 3373 3400
United Kingdom 310.29 Dec/16   310 310 310 310 310
France 2435.85 Dec/16   2440 2440 2440 2436 2440
India 557.77 Dec/16 558 558 558 558 558
Italy 2451.84 Dec/16   2452 2452 2452 2452 2452
Brazil 67.29 Dec/16   67.32 67.32 67.33 67.34 67.34
Canada 0.00 Dec/16   2 2 2 2 4
South Korea 104.40 Dec/16 104 104 104 104 104
Australia 79.85 Dec/16 79.85 79.85 79.85 79.85 79.85
Russia 1615.22 Dec/16   1718 1769 1819 1804 2370
Spain 281.58 Dec/16   282 282 282 282 282
Mexico 120.46 Dec/16   121 120 122 120 120
Indonesia 78.07 Dec/16 78.07 78.07 78.07 78.07 78.07
Last Q2/17 Q3/17 Q4/17 Q1/18 2020
Afghanistan 21.87 Dec/16 21.87 21.87 21.87 21.87 21.87
Albania 1.57 Dec/16 1.57 1.57 1.57 1.57 1.57
Algeria 173.64 Dec/16 174 174 174 174 174
Angola 19.13 Jan/17   18.62 18.71 18.66 18.68 18.68
Argentina 56.76 Dec/16   52.91 52.94 52.87 53.08 52.83
Armenia 1.40 Sep/03 1.4 1.4 1.4 1.4 1.4
Aruba 3.11 Dec/16 3.11 3.11 3.11 3.11 3.11
Australia 79.85 Dec/16 79.85 79.85 79.85 79.85 79.85
Austria 279.99 Dec/16 280 280 280 280 280
Azerbaijan 20.02 Dec/16   24.3 24.51 24.56 24.58 24.58
Bahrain 4.67 Dec/16 4.67 4.67 4.67 4.67 4.67
Bangladesh 13.78 Dec/16 13.78 13.78 13.78 13.78 13.78
Belarus 46.16 Dec/16   43.81 44.18 45.43 45.78 46.37
Belgium 227.40 Dec/16 227 227 227 227 227
Bolivia 42.51 Dec/16 42.51 42.51 42.51 42.51 42.51
Bosnia and Herzegovina 2.99 Dec/16 2.99 2.99 2.99 2.99 2.99
Brazil 67.29 Dec/16   67.32 67.32 67.33 67.34 67.34
Bulgaria 40.30 Dec/16   40.34 40.35 40.37 40.39 40.54
Burundi 0.03 Dec/16 0.03 0.03 0.03 0.03 0.03
Cambodia 12.44 Dec/16   12.4 12.44 12.44 12.4 12.44
Cameroon 0.93 Dec/08 0.93 0.93 0.93 0.93 0.93
Canada 0.00 Dec/16   2 2 2 2 4
Central African Republic 0.35 Dec/08 0.35 0.35 0.35 0.35 0.35
Chad 0.35 Dec/08 0.35 0.35 0.35 0.35 0.35
Chile 0.25 Dec/16 0.25 0.25 0.25 0.25 0.25
China 1842.56 Dec/16   1848 1849 1850 1850 1850
Colombia 5.76 Dec/16   6.97 7.48 7.78 7.99 8.31
Comoros 0.02 Dec/16 0.02 0.02 0.02 0.02 0.02
Congo 0.35 Dec/08 0.35 0.35 0.35 0.35 0.35
Costa Rica 0.00 Dec/16 0 0 0 0 0
Croatia 13.13 Jun/01 13.13 13.13 13.13 13.13 13.13
Cyprus 13.90 Dec/16 13.9 13.9 13.9 13.9 13.9
Czech Republic 9.76 Dec/16   9.66 9.58 9.6 9.52 9.38
Denmark 66.55 Dec/16 66.55 66.55 66.55 66.55 66.55
Dominican Republic 0.57 Dec/16 0.57 0.57 0.57 0.57 0.57
Ecuador 11.79 Dec/16 11.79 11.79 11.79 11.79 11.79
Egypt 75.58 Dec/16   75.57 75.57 75.57 75.57 75.57
El Salvador 1.37 Dec/16   1.35 1.35 1.35 1.35 1.35
Eritrea 1.20 Jun/02 1.2 1.2 1.2 1.2 1.2
Estonia 0.25 Dec/16 0.25 0.25 0.25 0.25 0.25
Euro Area 504.77 Dec/16   505 505 505 505 505
Fiji 0.03 Dec/16 0.03 0.03 0.03 0.03 0.03
Finland 49.14 Dec/16 49.14 49.14 49.14 49.14 49.14
France 2435.85 Dec/16   2440 2440 2440 2436 2440
Gabon 0.40 Dec/08 0.4 0.4 0.4 0.4 0.4
Germany 3377.94 Dec/16   3400 3400 3400 3373 3400
Ghana 8.70 Sep/16 8.7 8.7 8.7 8.7 8.76
Greece 112.81 Dec/16 113 113 113 113 113
Guatemala 6.89 Dec/16 6.89 6.89 6.89 6.89 6.89
Guinea 2.39 Sep/16 2.39 2.39 2.39 2.39 2.39
Haiti 1.81 Dec/16 1.81 1.81 1.81 1.81 1.81
Honduras 0.69 Sep/16 0.69 0.69 0.69 0.69 0.69
Hong Kong 2.08 Dec/16 2.08 2.08 2.08 2.08 2.08
Hungary 0.00 Dec/16 0 0 0 0 0
Iceland 1.98 Dec/16 1.98 1.98 1.98 1.98 1.98
India 557.77 Dec/16 558 558 558 558 558
Indonesia 78.07 Dec/16 78.07 78.07 78.07 78.07 78.07
Iraq 89.82 Dec/16 89.82 89.82 89.82 89.82 89.82
Ireland 6.00 Dec/16 6 6 6 6 6
Italy 2451.84 Dec/16   2452 2452 2452 2452 2452
Japan 765.20 Dec/16 765 765 765 765 765
Jordan 38.26 Dec/16   37.41 35.34 36.24 37.6 37.9
Kazakhstan 258.05 Dec/16   274 282 290 298 377
Kenya 0.02 Dec/16 0.02 0.02 0.02 0.02 0.02
Kuwait 78.96 Dec/16   78.98 78.98 78.98 78.98 78.98
Kyrgyzstan 4.58 Dec/16   4.73 4.8 4.87 4.93 5.41
Laos 8.90 Dec/16 8.9 8.9 8.9 8.9 8.9
Latvia 6.62 Dec/16 6.62 6.62 6.62 6.62 6.62
Lebanon 286.83 Dec/16 287 287 287 287 287
Libya 116.64 Dec/16 117 117 117 117 117
Lithuania 5.82 Dec/16 5.82 5.82 5.82 5.82 5.82
Luxembourg 2.24 Dec/16   2.23 2.23 2.23 2.23 2.23
Macedonia 6.88 Dec/16 6.88 6.88 6.85 6.86 6.86
Malawi 0.40 Dec/16 0.4 0.4 0.4 0.4 0.4
Malaysia 38.26 Dec/16   40 40 40.1 40 44.5
Malta 0.09 Dec/16 0.09 0.09 0.09 0.09 0.09
Mauritania 0.36 Dec/16 0.36 0.36 0.36 0.36 0.36
Mauritius 12.43 Dec/16   13.55 14 14.48 14.95 19.47
Mexico 120.46 Dec/16   121 120 122 120 120
Mongolia 1.74 Dec/16   1.43 1.74 1.51 1.86 1.6
Morocco 22.05 Dec/16 22.05 22.05 22.05 22.05 22.05
Mozambique 4.36 Dec/16   3.89 3.33 2.83 3.66 3.52
Myanmar 7.27 Dec/16 7.27 7.26 7.26 7.26 7.26
Nepal 6.12 Dec/16   6.22 6.26 6.28 6.3 6.41
Netherlands 612.45 Dec/16 612 612 612 612 612
Nicaragua 0.47 Jun/04 0.47 0.47 0.47 0.47 0.47
Nigeria 21.37 Dec/16 21.37 21.37 21.37 21.37 21.37
Norway 36.70 Dec/03   36.76 36.76 36.76 36.76 36.76
Oman 0.02 Dec/16 0.02 0.02 0.02 0.02 0.02
Pakistan 64.50 Dec/16 64.5 64.5 64.5 64.5 64.5
Papua New Guinea 1.96 Dec/16 1.96 1.96 1.96 1.96 1.96
Paraguay 8.19 Dec/16 8.19 8.19 8.19 8.19 8.19
Peru 34.68 Dec/16 34.68 34.68 34.68 34.68 34.68
Philippines 196.34 Dec/16   197 197 197 197 205
Poland 102.96 Dec/16   103 103 103 103 103
Portugal 382.48 Dec/16   383 383 383 382 383
Qatar 29.69 Dec/16   34.96 37.96 37.68 38.04 38.14
Romania 103.70 Dec/16   104 104 104 104 104
Russia 1615.22 Dec/16   1718 1769 1819 1804 2370
Saudi Arabia 322.90 Dec/16 323 323 323 323 323
Serbia 18.71 Dec/16   18.87 18.57 18.61 18.89 18.6
Singapore 127.40 Dec/16 127 127 127 127 127
Slovakia 31.69 Dec/16 31.69 31.69 31.69 31.69 31.69
Slovenia 3.17 Dec/16 3.17 3.17 3.17 3.17 3.17
South Africa 125.25 Dec/16   127 127 128 129 131
South Korea 104.40 Dec/16 104 104 104 104 104
Spain 281.58 Dec/16   282 282 282 282 282
Sri Lanka 22.27 Dec/16   22.23 22.27 22.27 22.28 22.27
Suriname 0.79 Dec/16   0.81 0.8 0.8 0.8 0.8
Sweden 125.72 Dec/16 126 126 126 126 126
Switzerland 1039.99 Dec/16   1040 1040 1040 1040 1039
Syria 25.80 Dec/16 25.8 25.8 25.8 25.8 25.8
Taiwan 423.63 Dec/16   423 423 423 423 423
Tajikistan 14.43 Dec/16   15.22 15.43 16.2 16.98 22.54
Thailand 152.41 Dec/16   152 152 152 152 152
Trinidad And Tobago 1.93 Dec/16 1.93 1.93 1.93 1.93 1.93
Tunisia 6.78 Dec/16   6.77 6.78 6.78 6.77 6.77
Turkey 377.05 Dec/16   319 278 253 226 47.81
Ukraine 25.50 Dec/16   26.48 26.92 27.22 27.44 27.62
United Arab Emirates 7.56 Dec/16   7.6 8 8 9 12
United Kingdom 310.29 Dec/16   310 310 310 310 310
United States 8133.46 Dec/16 8133 8133 8133 8133 8133
Uruguay 0.10 Dec/16   0.08 0.07 0.07 0.05 0.01
Venezuela 187.46 Dec/16   194 194 194 194 194
Yemen 1.56 Dec/16 1.56 1.56 1.56 1.56 1.56