Activity Lesson 3

According to Kitco.com, gold’s price per kilo, as of today (i.e 20/10/21), is approximately equal to $57,434.

Its price per tonne is, therefore: $57,434 x 1,000 = $57,434,000.

According to Trading Economics, the UK holds 310 tonnes of gold in total (latest figure was reported as of June 2021).

Therefore, the UK currently holds: 57,434,000 x 310 = $17,804,540,000 of gold in its reserves (i.e $17.8 bn)

Spain

282 Tonnes.
1 Tonne= 32.690,42170644 once
282 tonnes X 32690,4217064 once= 9.218.698 ounces of gold
Price per once = $1.611
Total Value= $14.851.322.480

Ireland: 6 tonnes = $339,840,000 total value

The USA as of June.2021 stores 8133 tonne of gold in it’s reserves. As of Oct.21.21 one tonne of gold in American currency equals 57.4 million dollars, so 57.4M x 8133 tonne equals to 465,207,600,600.00 dollars of gold in reserve.

8133 tonnes * 32000 oz/ton * 1792.47 $/oz = 4.665e11, i.e. ~4.7T$

How Sad my country doesnt even appear, this makes me wonder of Costa Rican Central Bank heavily

El Salvador
1.37 tonnes
$7,882,432 at current price of $1798.34 per ounce of gold.

As of Jun/21 USA reserves are approx 8133 Tonnes would equal 286883132.53594 ozs todays price for gold is $1797.

So the USA has approx. $515,528,989,167.08 USD valued in gold

canada tonnes = $0.00000

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US 8133.46 tons
= $425,723,257,791

Sweden 126 tonnes = $5859millions 5.86Bn

USA
Currently 8133 tons
Price 1764 per punce
32000 ounces in a ton

1764×32000= 56,448,000

56,448,000*8133 =459,091,584,000$ roughly

The US has 8134 tones of gold worth about $495 Billion dollars.

United Arab Emirates - As on June 2021 - 55.26 Tonnes = 3,236,743,980 USD

Wow, for Canada the answer is 0!

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Switzerland holds 1040 t
price gold/ oz: 1855.34 USD
Total: 68’063’000’266 USD

Canada… 0 gold reserves… scary…

0 tonnes = 0 USD

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US has 8133 tonnes, which is currently somewhere over 500 billion USD

8133 tonnes x $1860/oz = approximately $533 billion

My county’s official reserve, according to the website, is 8133 tons.
At today’s spot price (11/15/21), that would come out to
$1863/ oz
16 oz/ lb
2000 lbs/ ton
8133 tons

$1863 x 16= $29,808/ lb
x 2000/ ton= $59,616,000/ ton
x 8133 tons= $4.84856928 (11th power)
Whew!