Foreign Gold Stored in US: Disclosed Holdings by Country 2026
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
| Location | 80 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) |
| Security | 90-ton steel cylinder door, reinforced concrete, 24/7 monitoring |
| Account Holders | 36+ foreign governments, central banks, IMF, and other international organizations |
| Compartments | 122 separate vaults - each account holder has their own secured compartment |
| Bar Weight | Each bar weighs approximately 28 pounds (400 troy ounces) |
| Handling Fee | $1.75 per bar for movements between compartments |
| Staff Protocol | Three 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)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. |
| 1939- 1947 |
Magna Carta (England)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. |
| 1941- 1944 |
US Constitution & DeclarationTwo 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. |
| 1941- 1944 |
Gutenberg Bible & Other TextsPriceless 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. |
| 1955- 1993 |
Strategic Opium & MorphineDefense 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. |
| Various |
Other Wartime StorageFort 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. |
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
- Federal Reserve Bank of New York - Gold Vault
- World Gold Council - Central Bank Gold Reserves
- Deutsche Bundesbank - Official Reports
- Banca d'Italia - Reserve Data
- United States Mint - Fort Knox Information
- Treasury OIG - Audit of the US Mint's Schedules of Custodial Deep Storage Gold and Silver Reserves, September 30, 2025 and 2024 (OIG-26-002)
- GAO-11-768T - Testimony on H.R. 1495, Gold Reserve Transparency Act of 2011 (audit history)
- Swiss National Bank - Investment policy (gold storage locations)
- Reserve Bank of India - Half Yearly Report on Management of Foreign Exchange Reserves, October 2025 - March 2026
- Jimmy Carter Presidential Library - Crown of St. Stephen
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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