answers: United States
context: has a value of approximately US$40.2 million. The total value of all gold ever mined would exceed US$7.5 trillion at that valuation and using WGC 2017 estimates. During most of history, a nation's gold reserves were considered its key financial asset and a major prize of war. A typical view was expressed in a secret memorandum by the British Chief of the Imperial General Staff from October 1939, at the beginning of World War II. The British Military and the British Secret Service laid out "measures to be taken in the event of an invasion of Holland and Belgium by </s> of about 21 meters. At $1,349 per troy ounce, 187,200 metric tonnes of gold would have a value of $8.9 trillion. , the world's largest gold producer by far was China with 455 tonnes. The second-largest producer, Australia, mined 270 tonnes in the same year, followed by Russia with 250 tonnes. Since the 1880s, South Africa has been the source of a large proportion of the world's gold supply, and about 50% of the gold presently accounted is from South Africa. Production in 1970 accounted for 79% of the world supply, about 1,480 tonnes. In 2007 China (with 276 tonnes) </s> during World War II by the War Production Board Limitation Order No. 208 in autumn 1942 was a major impact on the production until the end of the war. US gold production greatly increased during the 1980s, due to high gold prices and the use of heap leaching to recover gold from disseminated low-grade deposits in Nevada and other states. In 2016 the United States produced 209 tonnes of gold, worth about US$8.5 billion, and 6.7% of world production, making it the fourth-largest gold-producing nation, behind China, Australia and Russia. Most gold produced today in the US comes from large
question: who holds the most gold reserves in the world