Danmarks Nationalbank's gold


Danmarks Nationalbank holds 66.5 tonnes of gold. The gold is included in Danmarks Nationalbank's foreign-exchange reserve, but constitutes only a very small share of it. At the end of 2019, the value of the gold stock was kr. 21.7 billion.

​​​​A gold ingot weighs 12.5 kilos on average, but the price of gold can fluctuate considerably.  At the end of 2019, the value of Danmarks Nationalbank's gold stock was kr. 21.7 billion.

Most of Danmarks Nationalbank's gold is stored at the Bank of England, where it has been since it was moved for safety reasons during the Cold War. In October 2018, Danmarks Nationalbank inspected its stock of gold in the Bank of England.

Danmarks Nationalbank's gold constitutes 0.2 per cent of the central banks' aggregate stocks of around 32,000 tonnes of gold. It is estimated that central banks hold just under one fifth of all the gold extracted in the world, which is 174.100 tonnes.

For historical reasons, many central banks hold stocks of gold, which used to play a key role in the international monetary system. Previously, the value of money was linked to the price of gold, and the amount of money in circulation was given by the central bank's gold stock. For further information about the role of gold in the monetary system, see the article in the right-hand box.

Danmarks Nationalbank is closed to the public

Danmarks Nationalbank is closed to the public due to coronavirus. This means that you cannot see, and lift, the gold ingot on display in the lobby. And you cannot buy or pick up commemorative coins, thematic coins or new banknotes and coins at the cash desk. 

After the summer holidays, Danmarks Nationalbank will be temporarily relocated as we are embarking on a major restoration and renovation project of the building in Havnegade. Therefore, we do not know when it will be possible to reopen the lobby to the public.

​ALL THE GOLD IN THE WORLD

If you placed all the gold in the world on the football pitch at Parken Stadium in Copenhagen, it would reach a height of 0.9 metres, while Danmarks Nationalbank's stock of gold would fit into a box measuring approximately 1.5 meters on each side.​