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The United States is the country with the most gold in the world. Germany. The country with the second most gold is Germany. Italy. The country with the third most gold in the world is Italy. France. The country with the fourth most gold in the world is France. Russia. The country with the fifth most gold in the world is Russia. China. Gold Answer (1 of 3): For the same reason that every investor buys gold: to have a safe investment. buying gold Can you buy gold from other countries - sierra-cars.com Cheapest Places to Buy Gold The city has several reputable gold refineries operated by its government or private companies. Each purchase comes with insurance, full-name ownership, and direct access to the vault. 8. Which country is gold cheapest? Most countries use gold as a backup for currency in circulation by the government. Commodity-backed money is backed by valuable items such as gold, diamond, or other valuable goods that are kept in the reserves of a country by the government. 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