Special Feature · Markets

Foreign Gold Stored in US: Disclosed Holdings by Country 2026

~5,725 tonnes
Foreign official gold held at the Federal Reserve (NY Fed vault) · ~184 million troy ounces (end of August 2026, preliminary)
~$767 BillionMarket Value (estimate) · Aug 2026 holdings @ $4,166/oz spot close (Oct 16, 2026)
NY Fed VaultPrimary Storage Location · 80 feet below Manhattan
36+ NationsForeign Account Holders · Central banks & institutions

01Key Facts About Foreign Gold Storage

  • World's Largest Repository: The NY Fed vault held about 5,725 metric tons of foreign official gold at the end of August 2026 (Federal Reserve earmarked gold data, preliminary), down from about 5,909 tonnes at the end of 2024
  • About 93% Foreign Owned: About 5,725 tonnes of the gold in the NY Fed vault belonged to foreign governments and international organizations at the end of August 2026, against about 418 tonnes (13.45 million oz) owned by the US Treasury (Treasury gold report, Sept 30, 2026)
  • Bretton Woods Legacy: Most gold arrived during 1944-1971 when currencies were backed by gold
  • Repatriation Movement: Many countries have retrieved their gold since 2010 (Germany, Netherlands and Venezuela); France instead sold the gold it held in New York in 2025-2026 and bought replacement bars in Europe
  • No Commingling: Each bar is numbered and returned to the exact owner - gold is never mixed between accounts

02Foreign Gold Holdings by Country

Top Foreign Gold Holders in the United States

Gold held in the US, metric tonnes (chart: countries with a published figure or reported share; the table below also lists large holders that publish no US custody, or none at all). Only Germany, Italy and the Netherlands publish their New York holdings; the Lebanon figure applies a reported share to its total. Most of the 5,725 tonnes belongs to account holders that do not disclose it, shown as Other Nations.

Country Amount in US % of Their Total Reserves Total National Reserves Est. Value in US (@ $4,166/oz, Oct 16, 2026 spot close)
Germany ~1,236 tonnes 37% 3,352 tonnes $166 billion
Italy ~1,060 tonnes 43% 2,452 tonnes $142 billion
Netherlands ~113 tonnes 18.5% 612 tonnes $15 billion
Lebanon ~115 tonnes (reported) ~40% 286.8 tonnes $15 billion
India None disclosed 0% disclosed (RBI: 77% in India, about 23% abroad, mainly with the Bank of England and BIS) 880.5 tonnes (end-March 2026) -
Belgium Not disclosed Unknown 227 tonnes Unknown
Switzerland None disclosed 0% disclosed (SNB: ~70% Switzerland, ~20% Bank of England, ~10% Bank of Canada) 1,040 tonnes -
Other Nations ~3,201 tonnes Varies Not disclosed $429 billion
TOTAL FOREIGN ~5,725 tonnes - - ~$767 billion

03Storage Location Details

Foreign vs US-Owned Gold in the NY Fed Vault

Federal Reserve Bank of New York Gold Vault

Location80 feet below street level, 50 feet below sea level in Manhattan
Vault Contents~507,000 gold bars (~6,331 metric tons as of 2024, all account holders including the US Treasury)
Security90-ton steel cylinder door, reinforced concrete, 24/7 monitoring
Account Holders36+ foreign governments, central banks, IMF, and other international organizations
Compartments122 separate vaults - each account holder has their own secured compartment
Bar WeightEach bar weighs approximately 28 pounds (400 troy ounces)
Handling Fee$1.75 per bar for movements between compartments
Staff ProtocolThree Fed staff members required for every transaction

04Why Foreign Nations Store Gold in the US

Reason Explanation Historical Context
Post-WWII Security Fear of Soviet invasion during Cold War 1945-1989: European nations stored gold far from Soviet threat
Bretton Woods System Global currencies pegged to US dollar at $35/oz 1944-1971: Trading nations accumulated gold reserves in NY
Trading Convenience New York as global gold trading center Quick access to US currency in major trading hub
Vault Security World's most secure gold storage facility Bedrock foundation, military-grade security, proven track record
Geopolitical Stability US considered safe jurisdiction Political stability and property rights protection

05Gold Repatriation Movement (2010-Present)

Major Gold Repatriation Operations

Gold repatriated, metric tonnes.

Country Years Amount Repatriated Reason Remaining in US
Germany 2013-2017 300 tonnes from NY, 374 from Paris Public demand for domestic storage, financial independence ~1,236 tonnes (37%)
Netherlands 2014 122.5 tonnes from NY "Better to have gold near at hand" during financial crisis See 2026 row
Netherlands Mar-Aug 2026 86 tonnes moved from New York and Ottawa to London Crisis preparedness and easier trading of the reserve ~113 tonnes (18.5%)
France Jul 2025 - Jan 2026 129 tonnes held in New York sold and replaced with gold in Europe Upgrade older bars, consolidate holdings in Paris None
Venezuela 2011-2012 160 tonnes (about $9B at 2011 prices) President Chávez's nationalist policy None (all repatriated)
Austria 2015+ Ongoing from London Risk diversification Minimal
Belgium 2014+ Amount undisclosed Sovereignty concerns Unknown

2025-2026 Repatriation Pressures

  • Germany: Politicians renewed calls for further repatriation amid Trump tariff concerns
  • Italy: Domestic pressure to bring home its ~1,060 tonnes at the NY Fed (about $142 billion at the Oct 16, 2026 spot close)
  • Netherlands: De Nederlandsche Bank said on September 2, 2026 that it had moved 86 tonnes from New York and Ottawa to London between March and August 2026, cutting New York's share of its 612.4 tonnes from 31.3% to 18.5%
  • France: The Banque de France sold the 129 tonnes it held at the NY Fed between July 2025 and January 2026 and bought the same amount in Europe
  • Global Trend: 59% of central banks now hold gold domestically (up from 41% in 2024)
  • Trust Issues: Concerns about US political stability and Fed independence
  • Cost: Germany's 2013-2017 operation cost €7 million to move 674 tonnes

06Priceless Artifacts Safeguarded in US Vaults

Historical Safeguarding at Fort Knox & Other US Facilities

Beyond gold, the United States has served as custodian for priceless cultural treasures and historical artifacts belonging to foreign nations, particularly during times of war and geopolitical instability. The same vaults have also protected some of America's own treasures and strategic supplies, which are included below and marked as US property.

1945-
1978

Crown of St. Stephen (Hungary)

Stored: 1945-1978 (33 years)

The Holy Crown of Hungary, dating to the year 1000, was given to US forces by Hungarian Crown Guard to prevent Soviet seizure. Stored at Fort Knox with full royal regalia including scepter, orb, and coronation mantle. Considered divine and more powerful than the king himself.

Returned to Hungary by President Carter in January 1978
1939-
1947

Magna Carta (England)

Stored: 1939-1947 (8 years)

One of four original copies of the 1215 Magna Carta was sent to the British Pavilion at the 1939 New York World's Fair. When WWII erupted, it was transferred to Fort Knox for safekeeping rather than risk return voyage across Atlantic.

Returned to Lincoln Cathedral in 1947
1941-
1944

US Constitution & Declaration

Stored: 1941-1944 (3 years)

Two weeks after Pearl Harbor, America's founding documents were secretly moved from Washington DC to Fort Knox. Sealed in lead containers within 150 pounds of protective gear. Also included Articles of Confederation and Lincoln's Gettysburg Address drafts.

Returned to Washington DC in 1944 (US documents, not foreign)
1941-
1944

Gutenberg Bible & Other Texts

Stored: 1941-1944 (WWII)

Priceless texts from the Library of Congress, including a Gutenberg Bible and an exemplified copy of Magna Carta, were stored at Fort Knox during WWII. Librarian Archibald MacLeish personally cataloged "irreplaceable assets" for underground storage.

Returned after WWII (US property, not foreign)
1955-
1993

Strategic Opium & Morphine

Stored: 1955-1993 (38 years)

Defense Logistics Agency stored 68,269 pounds of opium and morphine at Fort Knox and West Point - enough for one year of US medical needs. Precaution against supply disruptions during potential war with limited poppy exporters.

Converted to morphine sulfate and removed after Cold War (US property, not foreign)
Various

Other Wartime Storage

Various periods

Fort Knox and other secure US facilities have served as temporary custodians for various cultural treasures during wartime, including valuable paintings, historical documents, and artifacts from allied nations seeking protection from Nazi and Soviet threats.

Most items returned to countries of origin post-war

07Current Controversies & Transparency Issues

Issue Concern Status
US Gold Audit Critics want a full physical count and assay of every bar. The Treasury OIG audits the Mint's deep-storage gold schedule every year (since 1995); since fiscal 2008 that work has mainly been inspecting the official seals on the 42 deep-storage compartments (GAO-11-768T, 2011). Earlier audits weighed and assayed samples, and audits from 1974 to 1986 covered about 92% of US-owned gold H.R. 3795 (Gold Reserve Transparency Act of 2025, introduced June 2025) would require a full physical inventory, assay and audit
Ownership Questions Concerns about whether gold has been pledged, leased, or swapped Treasury says all gold is accounted for; the OIG audit tests the Mint's records and balances, but its published report does not describe a physical count or assay
Foreign Access Germany & Italy politicians question ability to retrieve gold quickly Fed maintains gold can be withdrawn anytime; $1.75 per bar fee
Trump Administration Concerns about Fed independence and potential political interference European nations reassessing US custody arrangements
Transparency Limited public access; only 3 official visits since 1974 Treasury publishes monthly status reports. The latest OIG audit (OIG-26-002, December 12, 2025) gave an unmodified opinion on the deep-storage gold and silver schedules as of September 30, 2025 and 2024. That audit covers US-owned gold at the Mint, not foreign gold at the NY Fed

08Sources and Notes

Official Data Sources

Additional References

  • IMF International Financial Statistics
  • Bank for International Settlements Reports
  • US Congressional Records on Gold Repatriation

Last Updated: October 19, 2026 | Gold price: spot close of October 16, 2026 (~$4,166/oz). Total foreign gold at the NY Fed: Federal Reserve, Selected Foreign Official Assets Held at Federal Reserve Banks (earmarked gold, August 2026, preliminary, $7,772 million at the $42.22/oz statutory book value, not the market price). Other Nations is the remainder after the listed countries. Lebanon: 286.8 tonnes (World Gold Council), with about 40% reported to be stored in the United States (L'Orient Today); the US tonnage is that share applied to the total, not a disclosure by the central bank.
Note: Foreign gold holdings are estimates based on available public data. Some nations do not disclose exact storage locations.

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