The price of goldhovered around $1,600 per ounce at the end of of 2011, rising over 15% in 2011, following uncertainty in the equity markets and the global economy as a whole.
The biggest individual holders of gold—central banks, international organizations and governments—are believed to account for approximately 16.5 percent of the world's gold, holding about 30,700 tons.
The numbers are taken from the monthly report produced by the World Gold Council,which is the gold industry's key market development body. The holdings presented here are as of WGC's December 2011 report, unless otherwise noted.
So, who holds the most gold? Click ahead to find out!
By Paul Toscano
Updated 4 Jan 2012