About 244,000 metric tons of gold has been discovered to date (187,000 metric tons historically produced plus current underground reserves of 57,000 metric tons). Not as much as they used to. Recently, I have received a spike of emails questioning the amount of gold in the world due to all these supposed “SECRET GOLD A total of 186,700 tons of gold exists above ground, as of 2015 according to the World Gold Council . In much of the world, gold is seen as the only true storehouse of value and wealth. There still seems to be some doubt in many investors’ minds on how much gold there is in the world. However, some statistics are available. I continue to receive emails from individuals who read articles stating that the amount of gold in the world is much greater than the official estimate. Three historic shipwrecks have been in the spotlight recently, with cargoes of platinum ingots, This breakdown of how much gold is in the world includes data on how much gold has been mined, and how different gold sectors have evolved since 2010. In the world there are currently somewhere between 120,000 and 140,000 tonnes of gold ‘above ground’. It's true that gold has significant industrial, monetary, and artistic uses. Gold nuggets of various sizes have been found throughout the world. As families improve their financial circumstances, they buy more gold. Interestingly, silver is mined at a much higher rate than gold. China is the world’s leading gold producer and also the world’s leading gold importer. About 8 parts of silver to 1 part of gold … And surprisingly their official gold holdings haven’t risen an ounce in over three years. How Much Gold Do Other Nations Have? https://www.911metallurgist.com/blog/world-gold-deposits-map If you enjoy playing with big numbers you can even work out how much all the gold in the world is worth using exactly the same technique. According to the World Gold Council, The United States hold the most gold of any nation. To visualise this imagine a single solid gold cube with edges of about 19 metres (about three metres short of the length … Most of that gold has come from just … I am looking for a chart that would show a history of these numbers not only per country but for the There are, however, some ways to estimate the timeline along which gold production could decline. This statistic shows the annual global gold production in mines 2005-2018. So add it all up. Don’t worry though – we’ve developed a handy calculator that will do it for you. In response to the June 5, 2017 by Dave to ( How Much Gold is There in this World), he questions the validity of the numerical approximations and of other commenters. How much gold has been found in the world? Depending on the country, gold investment may be in the form of jewelry, ornaments, coins, or raw gold … Of the 140,000 to 160,000 tonnes of gold ever produced, it is estimated that about 100,000 of these tonnes are held by individuals. Although not the rarest metal (that honor goes to rhodium) it is one of the most important. Top 10 Gold Consuming Countries. The final cost of virtual goods may vary depending on the selected payment method. The Welcome Stranger is the biggest alluvial gold nugget found, which had a calculated refined weight of 97.14 kilograms (3,123 ozt). Gold is one of the most sought after substances in the world. Leftover from the Gold Standard which the country abandoned in 1931 it is the 17th largest central bank reserve in the world with 310.29 tonnes of gold … That helps explain why no one seems to know exactly how much gold is owned by the Roman Catholic Church. Still, the world uses a much higher percentage of its silver supplies on an annual basis than it does gold. Do Gold Reserves Matter? How much gold is there ? Historically, they are melted down and formed into new objects. To see the final cost, click the button for the selected payment method. Three of the biggest nuggets come from the Brazilian Serra Pelada Mine. https://howmuch.net/articles/gold-reserves-around-the-world Of course the gold price is changing constantly, so it can be hard to keep up to date. 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