China, the so-called currency conversion should be based on gold reserves. List of official gold reserves in the world (April 2009) (Top 50)No. Number of countries (regions) Organization (ton) Gold proportion% 1 USA 8 133.5 75.9 2 Germany 34 12.6 62.9 3 International Monetary Fund 3213. 105410.27 Switzerland10410/0.410.7 World Official Gold Reserve Ranking 8 SPDR Gold Trust (ETF Fund) 1024 9 Japan 765. 55.3 1 1 ECB 64 1.7 24.4 12 China Taiwan Province Province 423.3 3.2 13 Spain 4 16.8 45.2 14 Russia 402. 357.7 4. 1 17 Venezuela 357. 1 20.4 18 Britain 310.213.819 Austria 288.7 46.5 20 Lebanon 20. .2 22 Algeria 173.6 4.3 23 Bank for International Settlements1710.9 24 Sweden157.910.9 25 Libya 143.8 4.9 26 Philippines/Kloc-0. 4311+01.8 86 32 Romania 104.7 7.2 33 Poland 102.9 4.2 34 Indonesia 96.4 4.7 35 Thailand 84 2.6 36 Australia 79.8 2.8 37 Kuwait 79/kl. 39 Kazakhstan 67.3 6.7 40 Denmark 66.5 4.5 4 1 Pakistan 65.3 10.7 42 Argentina 54.7 3.7 43 Finland 49.13.944 Bulgaria 39.8 7.5 45 West African Economic and Monetary Union 36.5 9 9.9 46 Malaysia. Asia 36.4 0.9 47 Slovakia 35. 1 5.2 48 Peru 34.7 4.2 49 Bolivia 28.3 18.2 50 Ecuador 26.3 25.9