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The World Gold Council estimates that all the gold ever mined, and that is accounted for, totalled 190,040 metric tons in 2019 [1] but other independent estimates vary by as much as 20%. [2] At a price of US$1,250 per troy ounce ($40 per gram) reached on 16 August 2017, one metric ton of gold has a value of approximately $40.2 million. The ...
In 1970, South Africa produced 995 tonnes or 32 million ounces of gold, two-thirds of the world's production of 47.5 million ounces. [2] Production figures are for primary mine production. In the US, for example, for the year 2011, secondary sources (new and old scrap) exceeded primary production. [3]
World's gold from 1845 to 2013, in tonnes (metric tons in the U.S.) World's gold holdings per capita, in grams Gold holdings are the quantities of gold held by individuals, private corporations, or public entities as a store of value, an investment vehicle, or perceived as protection against hyperinflation and against financial and/or political upheavals.
According to the World Gold Council, central banks purchased a record 483 tons of gold in the first half of the year. Central banks from Turkey, India, and China topped the list of the biggest buyers.
Swissaid estimates that artisanal and small-scale gold mining in African countries produced between 443 and 596 tonnes of gold in 2022. Of this, more than 70 percent is not declared.
China says it has discovered the world’s largest known deposit of gold, estimated to be worth over $80bn (£63bn).. The deposit at the Wangu goldfield in central China could yield more than ...
The next highest holdings were Germany's, whose gold reserves were 3,364 metric tons. [44] As of 31 July 2020, Fort Knox holds 147.34 million troy ounces (4,583 metric tons) of gold reserves with a market value of US $290.9 billion, representing 56.35% of the gold reserves of the United States. [45] [46]
When it comes to investing in gold, there are many factors to consider. ... Here are the answers to some commonly asked questions about gold bars. How much is .9999 gold today?