Friday , August 12 2022

How much gold is there in the world?


For thousands of years, gold stands out and is seen as private. It has been purchased, traded and stored as an asset for generations all over the world. Throughout history, approximately 190,000 tons of gold have been exploited. To use imagination, it means a cube with a surface of 21.4 meters.

In addition, research shows that there are approximately 54,000 tons of gold reserves still waiting to be exploited.

This commodity, unlike other commodities, almost every ounce of mining gold on earth is as valuable as in human hands.

Within the total gold stock, over 90,000 tons, almost half of the total is used in the jewelry sector. There are private investments using 40,000 tons and world governments have a total of 32,000 tons of gold reserves.

It is true that most gold is used to make jewelery, but there are many industries that use this precious metal more or less. We're talking about 27,000 tons, and most are going to the IT industry. Electronic factories sometimes use up to 12% of shades removed each year.

However, most of the gold used for the gadgets will reach the trash. 7% of all gold extracted over time is now in the landfill. It was discarded with electronic products containing precious metals. And the amount of wasted gold may increase in proportion to sales of phones and tablets.

According to the World Gold Council, there will be 2 million tons of electronics in dumps around the world by 2025, all of which will have smaller or larger quantities of gold and other valuable and rare materials.

Returning to gold reserves in the world, in addition to the untouched 54,000 tons, it is estimated that at least 20 MILLION tons of gold will be dissolved in the sea. A large amount of technology that is not yet to be extracted. Who will invent him, will be the ultimate alchemist.

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