{"id":69702,"date":"2026-03-23T10:15:07","date_gmt":"2026-03-23T09:15:07","guid":{"rendered":"https:\/\/plumeseconomiques.com\/fr\/?p=69702"},"modified":"2026-03-23T10:15:07","modified_gmt":"2026-03-23T09:15:07","slug":"classement-des-reserves-dor-mondiales-qui-detient-vraiment-le-pouvoir-financier","status":"publish","type":"post","link":"https:\/\/plumeseconomiques.com\/fr\/news\/classement-des-reserves-dor-mondiales-qui-detient-vraiment-le-pouvoir-financier\/","title":{"rendered":"Classement des r\u00e9serves d\u2019or mondiales : qui d\u00e9tient vraiment le pouvoir financier ?"},"content":{"rendered":"<div class=\"flex flex-col text-sm\">\n<section class=\"text-token-text-primary w-full focus:outline-none [--shadow-height:45px] has-data-writing-block:pointer-events-none has-data-writing-block:-mt-(--shadow-height) has-data-writing-block:pt-(--shadow-height) [&amp;:has([data-writing-block])&gt;*]:pointer-events-auto scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]\" dir=\"auto\" data-turn-id=\"request-WEB:a981a262-0662-465f-8892-8acd44cc4cc3-10\" data-testid=\"conversation-turn-2\" data-scroll-anchor=\"true\" data-turn=\"assistant\">\n<div class=\"text-base my-auto mx-auto pb-10 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm\/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg\/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)\">\n<div class=\"[--thread-content-max-width:40rem] @w-lg\/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group\/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn\">\n<div class=\"flex max-w-full flex-col gap-4 grow\">\n<div class=\"min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&amp;]:mt-1\" dir=\"auto\" tabindex=\"0\" data-message-author-role=\"assistant\" data-message-id=\"eb4f050c-2ba4-4e8d-ac6e-efc396d6178e\" data-message-model-slug=\"gpt-5-mini\" data-turn-start-message=\"true\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden\">\n<div class=\"markdown prose dark:prose-invert w-full wrap-break-word dark markdown-new-styling\">\n<h2 data-section-id=\"1hpi3u3\" data-start=\"93\" data-end=\"156\">L\u2019or comme indicateur de puissance \u00e9conomique<\/h2>\n<p data-start=\"157\" data-end=\"317\">Les <strong data-start=\"161\" data-end=\"188\">r\u00e9serves d\u2019or mondiales<\/strong> restent un indicateur simple de la solidit\u00e9 financi\u00e8re des \u00c9tats.<br data-start=\"254\" data-end=\"257\" \/>Pas de promesse. Pas de projection. Juste du stock physique.<\/p>\n<p data-start=\"319\" data-end=\"537\">En 2025, les banques centrales continuent d\u2019accumuler de l\u2019or \u00e0 un rythme \u00e9lev\u00e9, selon les donn\u00e9es du <strong data-start=\"421\" data-end=\"443\">World Gold Council<\/strong>. Le mouvement s\u2019acc\u00e9l\u00e8re depuis 2022 avec la hausse des tensions mon\u00e9taires et g\u00e9opolitiques.<\/p>\n<h2 data-section-id=\"1sglkca\" data-start=\"544\" data-end=\"611\">R\u00e9serves d\u2019or mondiales : le top des puissances financi\u00e8res<\/h2>\n<h3 data-section-id=\"19tw7mu\" data-start=\"613\" data-end=\"652\">&#x1f1fa;&#x1f1f8; \u00c9tats-Unis \u2014 leader incontest\u00e9<\/h3>\n<ul data-start=\"653\" data-end=\"787\">\n<li data-section-id=\"dx8qj0\" data-start=\"653\" data-end=\"671\"><strong data-start=\"655\" data-end=\"671\">8 133 tonnes<\/strong><\/li>\n<li data-section-id=\"yhsqyx\" data-start=\"672\" data-end=\"720\">Premi\u00e8re r\u00e9serve mondiale depuis des d\u00e9cennies<\/li>\n<li data-section-id=\"12shi0d\" data-start=\"721\" data-end=\"787\">Or principalement stock\u00e9 \u00e0 Fort Knox et dans des d\u00e9p\u00f4ts f\u00e9d\u00e9raux<\/li>\n<\/ul>\n<p data-start=\"789\" data-end=\"900\">Les <strong data-start=\"796\" data-end=\"823\">r\u00e9serves d\u2019or mondiales<\/strong> am\u00e9ricaines restent un pilier de confiance dans le syst\u00e8me financier global.<\/p>\n<h3 data-section-id=\"513qti\" data-start=\"907\" data-end=\"975\">Allemagne, &#x1f1ee;&#x1f1f9; Italie, &#x1f1eb;&#x1f1f7; France \u2014 le noyau dur europ\u00e9en<\/h3>\n<ul data-start=\"976\" data-end=\"1077\">\n<li data-section-id=\"1bqzjpb\" data-start=\"976\" data-end=\"1011\">&#x1f1e9;&#x1f1ea; Allemagne : <strong data-start=\"995\" data-end=\"1011\">3 352 tonnes<\/strong><\/li>\n<li data-section-id=\"4xufpx\" data-start=\"1012\" data-end=\"1044\">&#x1f1ee;&#x1f1f9; Italie : <strong data-start=\"1028\" data-end=\"1044\">2 452 tonnes<\/strong><\/li>\n<li data-section-id=\"1mxto\" data-start=\"1045\" data-end=\"1077\">&#x1f1eb;&#x1f1f7; France : <strong data-start=\"1061\" data-end=\"1077\">2 437 tonnes<\/strong><\/li>\n<\/ul>\n<p data-start=\"1079\" data-end=\"1092\">Points cl\u00e9s :<\/p>\n<ul data-start=\"1093\" data-end=\"1209\">\n<li data-section-id=\"xm7497\" data-start=\"1093\" data-end=\"1150\">Repatriation progressive de l\u2019or depuis les ann\u00e9es 2010<\/li>\n<li data-section-id=\"17x2jdh\" data-start=\"1151\" data-end=\"1209\">Strat\u00e9gie de s\u00e9curit\u00e9 financi\u00e8re post-crises europ\u00e9ennes<\/li>\n<\/ul>\n<p data-start=\"1211\" data-end=\"1334\">L\u2019Europe conserve une position \u00e9lev\u00e9e dans les <strong data-start=\"1261\" data-end=\"1288\">r\u00e9serves d\u2019or mondiales<\/strong>, malgr\u00e9 une croissance \u00e9conomique plus lente.<\/p>\n<h2 data-section-id=\"a6np3f\" data-start=\"1341\" data-end=\"1397\">Russie, Chine et Asie : accumulation strat\u00e9gique<\/h2>\n<h3 data-section-id=\"7hcf6o\" data-start=\"1399\" data-end=\"1442\">Russie \u2014 diversification acc\u00e9l\u00e9r\u00e9e<\/h3>\n<ul data-start=\"1443\" data-end=\"1531\">\n<li data-section-id=\"15pd2k\" data-start=\"1443\" data-end=\"1463\"><strong data-start=\"1445\" data-end=\"1463\">\u2248 2 333 tonnes<\/strong><\/li>\n<li data-section-id=\"i3kilx\" data-start=\"1464\" data-end=\"1492\">Achat r\u00e9gulier depuis 2014<\/li>\n<li data-section-id=\"27g3vq\" data-start=\"1493\" data-end=\"1531\">R\u00e9duction de la d\u00e9pendance au dollar<\/li>\n<\/ul>\n<h3 data-section-id=\"1nnnj45\" data-start=\"1533\" data-end=\"1583\">Chine \u2014 donn\u00e9es officielles sous-estim\u00e9es<\/h3>\n<ul data-start=\"1584\" data-end=\"1736\">\n<li data-section-id=\"xmeyel\" data-start=\"1584\" data-end=\"1615\"><strong data-start=\"1586\" data-end=\"1615\">\u2248 2 262 tonnes (officiel)<\/strong><\/li>\n<li data-section-id=\"16s2z57\" data-start=\"1616\" data-end=\"1655\">Achats continus depuis plus de 10 ans<\/li>\n<li data-section-id=\"dgi56s\" data-start=\"1656\" data-end=\"1736\">Les march\u00e9s estiment des r\u00e9serves r\u00e9elles plus \u00e9lev\u00e9es via achats non d\u00e9clar\u00e9s<\/li>\n<\/ul>\n<h3 data-section-id=\"jl8es5\" data-start=\"1738\" data-end=\"1790\">Japon &amp; &#x1f1ee;&#x1f1f3; Inde \u2014 stabilit\u00e9 et croissance<\/h3>\n<ul data-start=\"1791\" data-end=\"1894\">\n<li data-section-id=\"2dr0qt\" data-start=\"1791\" data-end=\"1820\">&#x1f1ef;&#x1f1f5; Japon : <strong data-start=\"1806\" data-end=\"1820\">846 tonnes<\/strong><\/li>\n<li data-section-id=\"1vysmxn\" data-start=\"1821\" data-end=\"1894\">&#x1f1ee;&#x1f1f3; Inde : <strong data-start=\"1835\" data-end=\"1851\">\u2248 840 tonnes<\/strong>, hausse progressive via la banque centrale<\/li>\n<\/ul>\n<p data-start=\"1896\" data-end=\"1996\">&#x1f449; L\u2019Asie joue d\u00e9sormais un r\u00f4le central dans la dynamique des <strong data-start=\"1959\" data-end=\"1995\">banques centrales et or physique<\/strong>.<\/p>\n<h2 data-section-id=\"rfoimg\" data-start=\"2003\" data-end=\"2062\">Pourquoi les banques centrales accumulent de l\u2019or ?<\/h2>\n<p data-start=\"2064\" data-end=\"2172\">Depuis 2022, les achats d\u2019or par les banques centrales atteignent des niveaux records (World Gold Council) :<\/p>\n<ul data-start=\"2174\" data-end=\"2310\">\n<li data-section-id=\"1yjamv3\" data-start=\"2174\" data-end=\"2217\">Protection contre la volatilit\u00e9 du dollar<\/li>\n<li data-section-id=\"1v0bnf\" data-start=\"2218\" data-end=\"2271\">R\u00e9duction de la d\u00e9pendance aux devises occidentales<\/li>\n<li data-section-id=\"1sf2p10\" data-start=\"2272\" data-end=\"2310\">S\u00e9curisation des r\u00e9serves nationales<\/li>\n<\/ul>\n<h3 data-section-id=\"1mzbvsf\" data-start=\"2312\" data-end=\"2336\">Tendances majeures :<\/h3>\n<ul data-start=\"2337\" data-end=\"2466\">\n<li data-section-id=\"1ur6cm5\" data-start=\"2337\" data-end=\"2390\">Achat net annuel sup\u00e9rieur \u00e0 1 000 tonnes r\u00e9cemment<\/li>\n<li data-section-id=\"uf92sx\" data-start=\"2391\" data-end=\"2425\">Forte demande des pays \u00e9mergents<\/li>\n<li data-section-id=\"z3sxng\" data-start=\"2426\" data-end=\"2466\">Retour de l\u2019or comme actif strat\u00e9gique<\/li>\n<\/ul>\n<h2 data-section-id=\"3nupvp\" data-start=\"2473\" data-end=\"2524\">Ce que r\u00e9v\u00e8lent les r\u00e9serves d\u2019or mondiales<\/h2>\n<p data-start=\"2526\" data-end=\"2569\">Les chiffres racontent une r\u00e9alit\u00e9 simple :<\/p>\n<ul data-start=\"2571\" data-end=\"2740\">\n<li data-section-id=\"1igjoz5\" data-start=\"2571\" data-end=\"2616\">Le <strong data-start=\"2576\" data-end=\"2586\">dollar<\/strong> reste dominant, mais contest\u00e9<\/li>\n<li data-section-id=\"k9a942\" data-start=\"2617\" data-end=\"2679\">Les <strong data-start=\"2623\" data-end=\"2650\">r\u00e9serves d\u2019or mondiales<\/strong> servent de filet de s\u00e9curit\u00e9<\/li>\n<li data-section-id=\"5mnlw0\" data-start=\"2680\" data-end=\"2740\">La strat\u00e9gie des \u00c9tats \u00e9volue vers plus d\u2019actifs tangibles<\/li>\n<\/ul>\n<p data-start=\"2742\" data-end=\"2755\">Points cl\u00e9s :<\/p>\n<ul data-start=\"2756\" data-end=\"2921\">\n<li data-section-id=\"diekbl\" data-start=\"2756\" data-end=\"2804\">L\u2019or reste un actif sans dette ni contrepartie<\/li>\n<li data-section-id=\"1ntai2z\" data-start=\"2805\" data-end=\"2858\">Il sert de protection contre les crises syst\u00e9miques<\/li>\n<li data-section-id=\"1t4d3ox\" data-start=\"2859\" data-end=\"2921\">Il structure les nouvelles strat\u00e9gies de <strong data-start=\"2902\" data-end=\"2921\">d\u00e9dollarisation<\/strong><\/li>\n<\/ul>\n<h2 data-section-id=\"1usn56a\" data-start=\"2928\" data-end=\"2981\">\u00a0Un retour aux fondamentaux financiers<\/h2>\n<p data-start=\"2982\" data-end=\"3126\">Les <strong data-start=\"2986\" data-end=\"3013\">r\u00e9serves d\u2019or mondiales<\/strong> ne sont pas qu\u2019un indicateur comptable. Elles refl\u00e8tent la confiance r\u00e9elle des \u00c9tats dans le syst\u00e8me mon\u00e9taire.<\/p>\n<p data-start=\"3128\" data-end=\"3227\">Plus l\u2019incertitude augmente, plus l\u2019or redevient central dans les politiques des banques centrales.<\/p>\n<p data-start=\"3386\" data-end=\"3527\" data-is-last-node=\"\" data-is-only-node=\"\">\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"z-0 flex min-h-[46px] justify-start\"><\/div>\n<div class=\"mt-3 w-full empty:hidden\">\n<div class=\"text-center\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<div class=\"pointer-events-none h-px w-px absolute bottom-0\" aria-hidden=\"true\" data-edge=\"true\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>L\u2019or comme indicateur de puissance \u00e9conomique Les r\u00e9serves d\u2019or mondiales restent un indicateur simple de la solidit\u00e9 financi\u00e8re des \u00c9tats.Pas de promesse. Pas de projection. Juste du stock physique. En 2025, les banques centrales continuent d\u2019accumuler de l\u2019or \u00e0 un rythme \u00e9lev\u00e9, selon les donn\u00e9es du World Gold Council. Le mouvement s\u2019acc\u00e9l\u00e8re depuis 2022 avec [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":69705,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_seopress_titles_title":"","_seopress_titles_desc":"Classement des r\u00e9serves d\u2019or mondiales, banques centrales, dollar, d\u00e9dollarisation, or physique, analyse \u00e9conomique des puissances mondiales.","_seopress_robots_index":"","footnotes":""},"categories":[61],"tags":[],"class_list":{"0":"post-69702","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news"},"_links":{"self":[{"href":"https:\/\/plumeseconomiques.com\/fr\/wp-json\/wp\/v2\/posts\/69702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/plumeseconomiques.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/plumeseconomiques.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/plumeseconomiques.com\/fr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/plumeseconomiques.com\/fr\/wp-json\/wp\/v2\/comments?post=69702"}],"version-history":[{"count":1,"href":"https:\/\/plumeseconomiques.com\/fr\/wp-json\/wp\/v2\/posts\/69702\/revisions"}],"predecessor-version":[{"id":69706,"href":"https:\/\/plumeseconomiques.com\/fr\/wp-json\/wp\/v2\/posts\/69702\/revisions\/69706"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/plumeseconomiques.com\/fr\/wp-json\/wp\/v2\/media\/69705"}],"wp:attachment":[{"href":"https:\/\/plumeseconomiques.com\/fr\/wp-json\/wp\/v2\/media?parent=69702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/plumeseconomiques.com\/fr\/wp-json\/wp\/v2\/categories?post=69702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/plumeseconomiques.com\/fr\/wp-json\/wp\/v2\/tags?post=69702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}