economy

February 25, 2026

WHERE SERBIA KEEPS 3 TONS OF GOLD! They are not in the National Bank of Serbia's vault!

There is also advice regarding investment in this precious material.

WHERE SERBIA KEEPS 3 TONS OF GOLD! They are not in the National Bank of Serbia's vault!

TL;DR

  • Serbia possesses over 53.3 tons of gold, with most held domestically and three tons in Bern, Switzerland.
  • The three tons in Switzerland were purchased in 2024 and are kept there for logistical cost savings and as a strategic reserve for emergencies.
  • The National Bank of Serbia (NBS) views gold as 'dead capital' because it does not generate income, advising investment in assets that create new value.
  • Serbia's strategy is to primarily acquire gold from domestic sources.
  • The NBS has built up foreign exchange reserves of 11.3 billion euros since 2017, providing a buffer against market shocks.

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