Activity Lesson 3

Canada with the big ole 0

I am from Mexico:
Mexico 120 tons = 108862 Kg x $57,202.57 USD/Kg= $6,227,186,175.34

But I live in Ireland:
6 tons= 5433.11Kg for a total of $311,359,880.79

Austria in metric ton 280 (9,876,709 oz)
x
$1769 /oz
= $17,471,898,221 total value of gold

Sweden - 126 ton - $7 173 684 000

Canada
Very easy math here!

0 tonnes of gold = 0 USD

UK = 310 Tonnes (price @ 01/07/20: $1,700) = $19,354.8 million (or $19.35 billion)
Mex = 120 Tonnes ( " " " " ) = $7,492.2 million (or $7.49 billion)

I noticed this already in the past, while looking at this data. An Canada :maple_leaf: caught my eye… why do you have 0 gold?

And Norway has zero? I don’t believe that.

In my opinion, the Canadian government make a very poor choice in getting rid of all our gold! Some say that there are sufficient gold deposits in the ground, but I would have preferred if the government had not made that move.

Singapore. 127 Tonnes of Gold. Total value USD $5,095,500,000/=

Sweden has got 126 tonnes of gold, which is 7,196,438,755.80 USD

this was very eye opening

I come from the Philippines and I hope these are not fake gold.
We have 198 tons= 6,984,252 ounces x USD 1,775 per ounce= USD 12,397,047,300

Post the amount in tonnes and calculate the total current value in USD.

According to the website, the US currently has 8,134 tonnes of gold. Taking a spot price today of approximately $57,300 per kilo, the equation would look something like $57,300 x 1,000kg/t x 8,134tonnes = 466,078,200,000 USD

Philippines
198 tonnes = 6,336,000 ounces of gold
x
$1770 price per ounce
= $11,214,720,000

Not sure why you’re making this comment since I’ve made no statement on the Norwegian gold situation.

Currently the US has 8134 tons of Gold which is 261,513,793.8 Ounces at a price of $1774 per ounce for a total value of $463,925,470,201.

A tonne of gold precious metal in 2019, has been priced at its highest over £33,000,000. Philippines has 198 tonnes therefore:

£33,000,000 x 198 = £6,534,000,000 or US$ 8,152,047,090.00

Sadly my country is not even listed. So I’ll just do the country where I live.

UK

  • 310 tonnes = 10 934 930 ounces

-10 934 930 * $1.774.11 (price per oz as of 3rd of July 2020 ) = $ 19 399 768 662.3

Current UK’s Gold Reserve Value in USD = $ 19 399 768 662.3

Recently heard that Sweden actually only has gold stored in US, UK and France. Which in practice means we have zero gold. And reinforces the point of how necessary Bitcoin and cryptocurrencies are for the future.