All central banks
TaiwanTW Β· Rank #13

Taiwan gold reserves.

AsiaUpdated 2025-12-31
Gold reserves
423.6 t
Reserve value
$39.09B
% of reserves
5.0%
YoY change
0.0t
Est. purchase cost
β€”
Gold backing
5.58%
History

Holdings, flows, and spot value over time

Gold Holdings (Tonnes)

Reserve Value (USD Billions)

Annual Net Purchases / Sales (Tonnes)

Gold as % of Foreign Reserves

Context

Geopolitical backdrop

Taiwan holds gold reserves to bolster defenses against potential Chinese aggression, ensuring reserve stability in a high-tension regional security environment.

Notable activity
No change year-over-year at 424 tonnes.[user data]
Key motivations
Regional SecurityReserve Diversification
Currency

Gold backing analysis

Gold / M1 money supply5.58%
What this means

A rough measure of how much of the country's M1 money supply the market value of its gold could cover. Higher ratio β‡’ stronger implicit gold backing. This country has relatively strong gold backing compared to peers.

M1 money supply: $700.00B Β· IMF / central bank / FRED
Peers

Compare with similar countries

Countries in the same region or a roughly comparable size of reserves.

πŸ‡¦πŸ‡Ή
Austria
Rank #21
Gold280 t
% Reserves69.7%
YoY0.0t
πŸ‡§πŸ‡ͺ
Belgium
Rank #23
Gold227.4 t
% Reserves59.6%
YoY0.0t
πŸ‡¨πŸ‡­
Switzerland
Rank #7
Gold1,039.9 t
% Reserves15.2%
YoY0.0t
πŸ‡¨πŸ‡³
China
Rank #6
Gold2,306.3 t
% Reserves9.6%
YoY+57.3t
πŸ‡©πŸ‡Ώ
Algeria
Rank #25
Gold173.6 t
% Reserves0.0%
YoY0.0t
Related

Indicators that pair with central bank flows

Bullion Fear & Greed

Was the market fearful or greedy while Taiwan was buying? Central banks accumulate in fear β€” the opposite of retail.

Gold / Silver ratio

Central banks buy gold, not silver. Track the ratio between the two and see when a swap is statistically favoured.

Macro Playbook

What gold, silver, and miners have historically done when macro rules (HY spreads, curves, housing) fire.