CNBC is turning into the king of the slideshow. This week’s topic: “The World’s Biggest Gold Reserves.”
Russia ranks 10th in the world with 625.2 tons of gold in reserve -- totaling $20.85 billion. For everyone keeping score at home, that amounts to 27% of the total debt which the United States borrowed from creditors last week ($78 billion).
But it’s not all bad news for Uncle Sam. America’s gold holdings are still the world’s largest, with 8,946.9 tons of bullion, or $298.36 billion.
And no, gold-plated Porsches are not counted towards a country's total reserves. That would be unfair, Russia.