The World Gold Council estimates that all the gold ever mined totaled 190,040 metric tons in 2019 but other independent estimates vary by as much as 20%.
At a price of US$1,250 per troy ounce, reached on 16 August 2017, one ton of gold has a value of approximately US$40.2 million.
Can all the gold in the world fit in a swimming pool?
If an Olympic-sized swimming pool has a volume of 2.5 million liters, then we divide and get our answer. So we would need 3.27 swimming pools to hold the entire global supply of gold, which some argue is the entire amount of gold mined since before the Egyptians began mining gold before 2000 BC.
Who has the most gold in the world?
- United States: 8,133.5 tons. The United States is the country with the most gold in the world with 8,133.5 tons of gold bullion.
- Germany: 3,372 tons.
- International Monetary Fund: 2,814 tons.
- Italy: 2,451 tons.
- France: 2,436 tons.
- Russia: 1,890.8 tons.
- China: 1,842.6 tons.
- Switzerland: 1,040 tons.
How much unmined gold is left?
As far as the amount of gold that remains in the earth, the U.S. Geological Survey estimates that there are about 57,000 tons left to be mined.
How much gold is produced each year?
Each year, approximately 2500 tons of gold were mined throughout the world.
Will gold ever run out?
Nevertheless, like any other limited natural resource, there is a finite supply of gold in the world. At some point, the world’s supply of new gold will run out. The only question is how far away that day is. Here are some interesting facts about the global gold supply and when we may run out.
Is diamond more rare than gold?
But, in its elemental form, gold is significantly rarer than diamonds, Faul told Live Science. Gold is more abundant than large diamonds, but diamonds as a class of material are not particularly rare.