Gold appears to be rebounding under the de-regulation of the Trump Administration after dropping 5MT from 2015 to 2016 . The downshift has been attributed to the shuttering of some small outfits in Nevada and ownership changes of other operations . Although many think about the California Gold Rush in terms of America ’ s primary location , the majority of US gold has

TOP 10 GOLD PRODUCING COUNTRIES

( 209MT ) been coming out of neighbouring Nevada , which yields 78 % of the country ’ s total output . The United States maintains a massive supply of gold under lock and key in famed vaults such as its Fort Knox holding . The amount of US gold holdings reportedly equals to 75 % of all other nations . The US also exports the most gold of any top 10 producers at $ 17.7bn .

( 250MT )

Although Russia stands as a gold mining leader on the rise , it continues to import gold . Having leapfrogged the United States in terms of production , Russia still has vast unmined gold resources in Siberia . With approximately one-sixth of the Earth ’ s total landmass , Russia has

plans to ramp up its gold operations . Over the next 10-12 years , reports indicate that Russia intends to raise its total output to 400MT . The massive nation that stretches two continents has the second largest gold reserves in the world .

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