The owns the most gold in the world 8 tonnes more than twice that of the next two countries Germany 3 tonnes and Italy 2 tonnes In 2024 gold mine production totaled about 210 tonnes down 11 percent from 2024 according to the USGS The estimated price tag of all that gold was $ billion
Get PriceCentral banks around the world are reportedly buying gold at an alarming rate Just how much of the world s gold supply are these global powerhouses
Get Price28 January 2024 Demand and supply The best estimates currently available suggest that around 205 238 tonnes of gold has been mined throughout history of which around two thirds has been mined since 1950 And since gold is virtually indestructible this means that almost all of this metal is still around in one form or another
Get PriceIf you had $10 trillion sitting around Buffett further observes instead of buying the cube of gold you could buy all the cropland in America $400 billion worth and 16 Exxon Mobils
Get PriceA gold reserve is the gold held by a national central bank intended mainly as a guarantee to redeem promises to pay depositors note holders paper money or trading peers during the eras of the gold standard and also as a store of value or to support the value of the national The World Gold Council estimates that all the gold ever mined and that is accounted for
Get PriceAs for money owed by every single person and country in the world the grand total is $215 trillion with some 33% of it borrowed in the last decade And despite an explosive year for bitcoin and
Get PriceAnswer 1 of 2 This is difficult to answer and it s a moving target For example the Geological Survey said in 2024 that global gold reserves were approximately 1 498 million ounces or about 20 years of mining However this is misleading for two reasons first mine life is always
Get PriceTotal Value Of All The Gold In The World Published by Nick Laird Jul 25 2024 Two charts which show the appreciation in value of gold the last 40 years Reproduction in whole or in part is authorized as long as it includes all the text hyperlinks and a link back to the original source
Get PriceHow much gold has been found in the world 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 Most of that gold has come from just three countries China Australia and South Africa
Get PriceGold has been considered valuable and has been used as both jewelry and currency for most of recorded world history which stretches back more than 7 000 years And yet the first 6 800
Get PriceAbove Ground Gold GFMS Ltd is the above ground gold market prognosticator and claims that the total amount of gold ever mined in the world is 180 000 tons oz Historically this measure rises only as gold is pulled from the ground as reported by global gold mining companies around the world
Get PriceIt s unclear exactly how much gold exists in the world Estimates range from 165 000 tonnes all the way up to million tonnes What we do know is that much of the gold supply here on earth is inaccessible or at least not practical to mine for at the moment The gold supply here on earth is running out and we ll need to develop some
Get PriceIndia India s gold reserves are the ninth highest in the world at tons which constitutes % of its total foreign reserves One of the biggest one time surge in its gold reserves was in
Get PriceAustralia and Russia hold a large share of the world s gold mine reserves accounting for 11 000 metric tons and 6 800 metric tons respectively Worldwide the production of gold reached
Get PriceAccording to the World Gold Council there are currently around 184 000 tonnes total in storage but quite how much that actually is will surprise you Chemical analysis of rock samples suggests gold makes up on average a few parts per billion of the total mass of the Earth s crust That means the top kilometre or so has around a million
Get PriceToday China accounts for over 15% of the global gold production while Asia produces 22% of the world s total gold production Central and South America together accounts for 17% of the world s gold output North America contributes around 15% Africa produces 20% and the CIS region represents 14% of the global gold production
Get PriceThere are troy ounces in a kilogram Therefore the world produces a cube of gold that is about meters about 14 feet on each side every year In other words all of the gold produced worldwide in one year could just about fit in the average person s living room This cube weighs 1 555 210 kilograms 3 110 420 pounds
Get PriceThe percentage share held in gold of total foreign reserves is calculated by the World Gold Council The value of gold holdings is calculated using the end of quarter LBMA Gold Price which is published daily by ICE Benchmark Administration for the value of other reserves are taken from IFS table Total Reserves minus Gold Length and Frequency
Get PriceWorld Gold Deposits Part of the Gold exhibition Gold has been found on every continent except Antarctica It is estimated that worldwide the total amount of gold ever mined is 152 000 metric tons This is surprisingly small when you consider that this would only fill 60 tractor trailers
Get PriceAt the current price of $1 per troy ounce of gold that leaves $1 in gold for each person on planet earth Gold production has increased by a factor of from 1959 to 2024 At the same time the world population has been multiplied by a factor
Get PriceExperts estimate that 75% of all the gold that has ever been mined has been extracted since 1910 That means it s possible to work out the total supply quite accurately good records have been kept about modern gold production The total amount mined throughout human history is around 191 900 US tons or billion Troy ounces
Get PriceSo one kilogram of gold costs $53 370 In every year about 2 500 tons of gold is mined Its monetary value is therefore more than 133 billion dollars This is % of the GDP of the whole world Throughout most of history money had an intrinsic value because the coins were made of precious metals
Get PriceThere s surprisingly little Gold in the world this infographic shows all the Gold ever mined In this Gold infographic everything is calculated with Gold price at $2024/oz When Gold reaches $3110/oz 1 oz of Gold a $100 bill will have equal value in weight and it won t matter if you have 1oz of $100 bills or 1oz of Gold
Get PriceDuring the year the price of gold remained strong as a result of the financial impacts of Covid 19 which include global economic uncertainty and the expected long term effects of fiscal and monetary stimulus measures tempered by a strengthening of the dollar trade weighted US currency and a reduction in total global holdings of gold
Get PriceThe World Gold Council estimates that miners have historically extracted a total of 201 296 tonnes of gold leaving another 53 000 tonnes left in identified underground reserves If all of the above ground gold were stacked beside each other the resulting cube would only measure 22 meters on each side which is a testament to the metal s rarity
Get PriceTheir latest statistic stated that they believe there to be 171 300 tonnes of gold in the world This number is probably hard to wrap your head around If you melted down 171 300 tonnes of gold and molded it into a cube it would be 68 feet tall and 68 feet wide While a fairly reputable source the 171 300 is disputed and is only an estimation
Get PriceThe World Cup is obviously the biggest prize on offer in Qatar but it isn t the only one either The Golden Ball will be awarded to the tournament s best player the Golden Glove to its best goalkeeper the FIFA Young Player Award to the best player under 21 at the start of 2024 and there is also an All Star Team comprising the best players of the tournament
Get PriceGold discoveries in the 1880s lead to a huge influx of immigrants across the next decade as the area experienced its own gold rush Australia produces an estimated 6% of the world s gold weighing in at 195 tonnes as of 2024 The Golden Mile is Western Australia s most successful gold deposit area and this is the location of the Super Pit
Get PriceUntil 2024 South Africa was the world s largest gold producer In 2024 increasing production from other countries and declining production from South Africa meant that China became the largest producer although no country has approached the scale of South Africa s period of peak production during the late 1960s and early 1970s
Get PriceHowever with gold being more than 19 times denser than water its weight is very compact and relatively speaking there isn t actually very much gold in the world at all To put this into perspective the total weight of silver above ground which is also considered a rare and precious metal is believed to be around million tonnes
Get PriceIncredible has successfully built lots of crushing plants, grinding plants and metal ore dressing plants for our customers.
With over 30 years of experience, we become a renowned manufacturer in the stone crushing and mineral grinding industry. Headquartered in Shanghai, China, our expansive factory spans over 120 hectares, empowering us to cater to the production demands of global customers.