total world gold supply

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How much gold is there in the world? - BBC News

Apr 1, 2013 ... Warren Buffett, one of the world's richest investors, says the total amount of gold in the world - the gold above ground, that is - could fit into a cube with sides of just 20m (67ft). But is that all there is? And if so, how do we know? A figure that is widely used by investors comes from Thomson Reuters GFMS,...

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How Much Gold Has Been Mined? | World Gold Council

​Total above ground stocks: 187,200 tonnes ... Each year, global gold mining adds approximately 2,500-3,000 tonnes to the overall above-ground stock of gold. ... These can be split into two categories: reserves (gold that is economic to mine at the prevailing gold price); and resources (gold that will potentially be economic...

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Gold Supply | World Gold Council

Mine production accounts for the largest part of gold supply – typically, 75% each year. However, annual demand requires more gold than is newly mined and the shortfall is made up from recycling. Gold Mining and its associated activities does not respond to price changes quickly. There is usually a very long lead time...

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All The World's Gold Facts - Number Sleuth

The table below shows world gold production from 1900 thru 2011. Production in 1900 was around 400 metric tons per year and has consistently moved up over the years. It is currently around 2,500 metric tons per year. The all time high was reached in 2001, with 2,600 metric tons of gold production worldwide. The total...

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Gold reserve - Wikipedia

The gold reserves of Belgium and Holland amount to about £70 million and £110 million respectively. [Foot]Note: H. M. Treasury has particularly requested that this information, which is highly confidential should in no circumstances be divulged. The total weight of this bullion amounts to about 1800 tons and its evacuation...

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How much gold is there in the world? | HowStuffWorks

Platinum is even more scarce than gold. Only 3.6 million troy ounces are produced per year. Its specific gravity is 21.45, and it was discovered in the 18th century, not in 3,000 B.C. If you assume that the world has produced 3.6 million ounces per year for 50 years to estimate the total worldwide supply, all of the platinum in...

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• World gold production from mines 2005-2017 | Statistic

This statistic illustrates the world production of gold mines from 2005 to 2017. In 2005, some 2470 metric tons of gold was produced worldwide. Since then, gold production has increased steadily to an estimated 3.15 thousand metric tons in 2017. Gold is a transition metal known for its bright lustrous yellow coloring.

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12 Stunning Visualizations of Gold Shows Its Rarity - Visual Capitalist

Sep 22, 2015 ... How rare is gold? This set of 3D visualizations show the world's gold in bullion bars. ... The Northrop Grumman B2 Spirit Bomber program cost $44.75 Billion for a total of 21 units built, which averages to $2,130,952,380 per unit. Shown here is ... Here's the world's gold reserves by government circa 2012.

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All The Gold In The World | Zero Hedge

Sep 24, 2015 ... The Northrop Grumman B2 Spirit Bomber program cost $44.75 Billion for a total of 21 units built, which averages to $2,130,952,380 per unit. Shown here is the amount of gold it costs to buy one unit. The United States' Gold Reserves Here's the entire gold reserves of the United States government, which is...

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How Many Olympic-Sized Swimming Pools Can We Fill With ...

Nov 19, 2010 ... A figure commonly thrown around is that the entire global supply of gold would be enough to fill two Olympic sized swimming pools. Let's quickly assess ... Many online sources give essentially the same value for the total stocks of above-ground gold; it was about 157,000 metric tons by 2007. If the density of...

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How much gold is there in the world? - BBC News

Apr 1, 2013 ... Warren Buffett, one of the world's richest investors, says the total amount of gold in the world - the gold above ground, that is - could fit into a cube with sides of just 20m (67ft). But is that all there is? And if so, how do we know? A figure that is widely used by investors comes from Thomson Reuters GFMS,...

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Gold : prices, facts, figures & research : How much? Where? Who?

Where it is known about with reasonable confidence, and can be extracted economically, un-mined gold appears on the books of mining companies as 'reserves'. There remains as reserves about 40% of the total of gold above ground - i.e about 50,000 tonnes. South Africa has 50% of the world's known stock of un-mined...

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How Much Fine Silver Bullion is in the World? - JM Bullion

Although gold occurs less often in the ground, we humans do not use the same percentage of gold (9% of annual supplies) in industrial applications as often as we use silver (about 60% of annual supplies). The consequence of our consumption of silver in small non-recovered amounts means that much of the silver...

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BUFFETT: Guess How Big A Cube All The Gold In The World Would ...

Feb 13, 2012 ... In his excellent investing primer in Fortune (an excerpt of his forthcoming Annual Letter), Warren Buffett devotes a few paragraphs to gold and the fools who worship it. He also explains why gold is generally a crappy investment, even if its price in dollars goes up from time to time (as it has over the past...

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Gold Supply Potentially Gigantic: In and Above Ground Gold ...

Nov 9, 2010 ... This figure is an estimate of known ore deposits in such quantity that, if all mined, would satisfy 2009's total global gold demand 28 times over, even without recycling any scrap gold or reselling any existing gold coin or bar.(1) And this does not even count much of the known lower grade ore bodies that...

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How much gold is there in the world? | Science Focus

Dec 14, 2015 ... According to the World Gold Council, there are currently around 184000 tonnes sitting in bank vaults, government reserves and personal collections, but quite how much that ... 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.

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Platinum: The Rich Man's Gold | Gold Eagle

An Introduction --

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The Bitcoin Economy, in Perspective - Howmuch.net

Jun 21, 2017 ... But that includes money in the bank. In physical coins and notes, the total global money supply is only $31 trillion. ... Last year, Bitcoin became more stable than gold, and earlier this year, the price of a Bitcoin surpassed that of an ounce of gold for the first time. Currently, all the bitcoin in the world is worth...

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Will the world's gold supply ever run out? | Physical Gold

Nov 10, 2016 ... For thousands of years, gold has been globally cherished as the most precious of metals but gold is a finite resource. In fact, Warren Buffett, one of the world's most renowned investors, estimates that the total amount of gold mined in the world so far could fit into a cube with sides of just 20m (67ft). With an...

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The Great Physical Gold Supply & Demand Illusion - BullionStar

Oct 19, 2016 ... Indisputably, total gold supply and demand is far in excess of mine production and retail demand. As most individual investors, fund managers, journalists, academics and precious metals analysts consider the balances by the firms to be complete, the global misconception regarding gold supply and...

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Global Gold Reserves in Central Banks - Ibja

17.1%. 20. Austria. 280.0. 45.4% source: World Gold Council. 1.2 Global Gold Industry – A Snapshot of Demand and Supply. 2015. 2016 year-on-year % change. Gold demand. (tonnes). 4215.8. 4308.7. 2. Jewellery. 2388.6. 2041.6. -15. Technology. 332.0. 322.5. -3. Investment. 918.7. 1561.1. 70. Total bar and coin. 1047.0.

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How Much Gold is Left in the World? « ContrarianInsights.com

Sep 27, 2012 ... According to our research on which country has the world's largest gold reserves, about 1/6th of the world's gold reserves are in the hands of ... The research found there were a total of 439 known gold deposits in the world. ... Total world gold production is running at more than 80 million ounces per year.

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Gold - Visualized in Bullion Bars - Demonocracy.info

Jan 13, 2013 ... Infographic on Gold size chart, gold bullion, price, gold standard, world government gold reserves, gold's density, weight & value. ... cost $44.75 Billion for a total of 21 units built, that averages to $2,130,952,380 per unit and the same value in Gold @ $2000/oz can be seen on the semi-trucks on the right.

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Status Report of U.S. Treasury-Owned Gold

Dec 31, 2017 ... 2,783,218.656. 117,513,614.74. Grand Total - Mint-Held Gold. 248,046,115.696. 10,473,052,700.50. Federal Reserve Bank-Held Gold. Gold Bullion: Federal Reserve ... The market value of the gold reserves based on the London Gold Fixing as of September 29, 2017 was $335.5 billion. Deep Storage:...

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Here's all the money in the world, in one chart - MarketWatch

Nov 28, 2017 ... Ever wonder how much money there is in the world? The answer is complicated, which you might expect -- but it has nothing to do with tallying up all the numbers. Rather, it's more about what parameters are used.

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How Much Gold Exists in the World? - The Cheat Sheet

Apr 9, 2013 ... The price swings cause much of the confusion, but as it turns out, the supply side of gold is also debatable. Warren Buffett, chief executive officer of Berkshire Hathaway, painted a colorful analogy of the gold supply last year. In a Forbes article, he says the world's entire gold stock would fit comfortably within...

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Resources | Australias Gold industy | Production and resources

Australia's reserves of gold were 9,800 tonnes in 2014 according to United States Geological Survey estimates, the highest of any country and almost 18% of global reserves. The next largest gold EDR were in South Africa (about 6,000 tonnes), followed by Russia (about 5,000 tonnes). Around 70% of Australia's total...

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Gold: Supply and Demand | ToughNickel

If we took one of the many estimates for the overall gold supply in the world, 165,00 tons in this case, we can get the total value of the world's gold supply: roughly $8,487,000,000,000. More than half the gold that we have on our planet was extracted over the past 50 years, which may indicate that most of the current deposits...

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Global Gold Supply vs. the Money Supply | Gold News - BullionVault

Jan 28, 2009 ... Money Supply vs. Gold Supply. It is estimated by the World Gold Council that a total of 165,547 tonnes of gold have been mined throughout history. This is equivalent to about 5.32 billion ounces. Most of that gold is currently available as supply at some price (gold is very rarely "lost" for ever), possibly much...

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Setting The Record Straight On The Massive Gold Supply Conspiracy

Feb 8, 2016 ... Yes, the stories of hidden stockpiles of gold are 100% true and it will all come out during the crash of the Global Monetary System so there will be a BREAK between gold and silver prices that will shock the world. Don't think that there was only 180,000 TONS of gold ever mined in history. Total BS. It was a...

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At What Price Will Bitcoin's Market Cap Equal Gold & Reserve ...

Feb 26, 2017 ... How can we determine at what price point will Bitcoin match the total money supply value of global reserve currencies and the market cap of precious metals such as gold? Bitcoin: Market Cap or Money Supply? First off, a disclaimer. Definition of market cap: Market capitalization is the market value of a...

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World Artisanal Gold Production - Artisanal Gold Council

Jun 29, 2011 ... If ASGM gold production were 750 tonnes/year then about 2250 tonnes of mercury would be required – an amount close to total global trade in mercury and therefore unreasonable. Because solid data is sparse in informal economies, and activities like ASGM are relatively elastic and so can grow and...

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The “Giant Rise In The Value Of Gold” Theory of the 1930s 3: Supply ...

Sep 25, 2016 ... Before 1925 or so, much of the increase in central bank gold reserves came about via the reduction in circulating gold coinage — people “deposited” their coins for banknotes. This is what it looks like as a percentage of estimated total aboveground gold, using the GFMS estimates. What do we see here?

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The “Money Supply” and the Gold Standard 2: 1880-1970 | New ...

Jan 9, 2010 ... Essentially no, because annual gold mining production is a small fraction — about 2% — of existing world gold supply. Does importing ... Not only did nobody know the total amount of banknotes in issuance (except for some vague statistics), nobody even knew how many banks there were issuing currency.

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Gold mining output at its lowest level since the financial crisis, says ...

Aug 17, 2017 ... "With investment conditions remaining subdued, it's unlikely we will see any rebound in mine supply in the foreseeable future," Hynes added. Meanwhile, consumer demand is improving. According to the World Gold Council, total bar and coin demand grew 13 percent in the second quarter of 2017, driven...

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Gold Versus Silver - About.Ag

Reason, Winner, Silver Details, Gold Details. Current use as money, Gold, Silver is neither used as money, nor as a reserve by governments. As such, it does not receive much value for those purposes. Gold isn't currently used as money, but is used as reserves by governments. As such, it is given a high value. Value due to...

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Indian housewives hold 11% of the world's gold. That is more than ...

India's private gold holdings probably total 15,000 tons, according to an estimate by Citigroup analysts in May. Some jewelers like T.K. Chandiran of Coimbatore thinks this number is too conservative, and the real amount is more like 30,000 tons, counting other hidden temple treasures. These private stores are in addition to...

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China has 12,100 tonnes of proven gold reserves - Xinhua | English ...

Oct 2, 2017 ... BEIJING, Oct. 2 (Xinhua) -- China's proven gold reserves reached 12,100 tonnes at the end of 2016, making it the world's second largest gold holder after South Africa. Zhang Yongtao, vice chairman of the China Gold Association (CGA), revealed the figure at a press briefing. Last year, total gold...

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How Much Gold is in the World? Less Than You Think... | U.S. ...

Jul 26, 2017 ... It's no secret that the world's supply of physical gold is limited. Gold remains one of the rarest elements in the world, making up about 0.003 parts per million of the earth's crust. A lesser known fact, though, is that gold could become difficult to impossible to come by. Could it happen within your lifetime?

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Available Silver Supply Is Far What It Seems - Silver Coin Investor

Consider that the world's investors get their main clue from price. Because gold has traded at more than 50 times the price of silver, investors assume that gold is more rare than silver. Yet there is 200 times more gold available than silver in dollar value. Only 35% of silver supply comes from pure silver mines. The rest is the...

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