Activity Lesson 3

  • USA [as of 2020.10.21]
    • US owns 8134 tons of gold
    • Gold price = $1930.7 USD per oz
    • 32000oz = 1 ton
    • 1 ton of gold = $61,782,400 USD
    • 8134 tons of gold equals =
      :money_mouth_face: $502,538,041,600 USD :money_mouth_face:

@LORDKALVIN

The united states is looking about like $550 billion

let me doubt that the information provided on trading economics is actually true. Here in Argentina, we don’t know what to believe, simply because the government does not provide its citizens with credible and reliable information.

The Netherlands -> 612 tonnes = 33292800000 dollars

In the UK we currently have 310 tonnes of gold. One tonne of gold is currently valued at $64.3 million and so 310 tonnes of it is worth $19,933 billion (or almost $20 billion)…

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The US central bank says they are holding 8134 tonnes of gold. At $61,208.91/kg the total value is $497 billion.

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US has 8133.50 Tonnes. $496,942,419,218.96 USD

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8134 tons. Currently valued at $498,165,203,200.00

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Spain 282 tons, valued at 17.271.033.600 USD

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Germany holds 3363 tons valued 205966262400 usd

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USA -
8134 tonnes x $1,924 [10/23/20 @ 12:40 PM mountain time] = $500,794,112,000
** I did 1924 x 16 to convert to pounds, then x 2000 to convert to tons, then x 8134 to get total price **

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Australia 60.7 tonnes - current value in USD is 2,822,550,000

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United States

8,134 tonnes reserve
worth ~ $497 trillion

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Wow Asterisk - great thorough answer! I wish I saw your post before doing all the math myself! I am brand new and have just finished the first sessions. Just wanted to welcome you and share my admiration for your thorough post! Happy to help along the way if I can. Wishing you great success!

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According to Website:
Mexico has 120 tonnes (metric) of gold
If 1 gold tonne (metric) = 32150 gold troy ounce (Ozt)
Then 120 tonnes (metric) = 3858084 gold troy ounces (Ozt)
If 1 gold troy ounce (Ozt) = $1,901 Usd as of today
Mexico Gold Reserve = 7,334,217,684 =~ $7.33 billion Usd

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AUSTRALIA = 60.7 TONNES

1ton = 32000 OZ

60.7ton x 32000 =1942400 OZ

1942400 x 1904.4 =$3,699,106,560 (USD)

1942400 x 2675.40 =$5,196,696,960 (AUD)

Gold Price Per Ounce = $ 1,904.4(USD)

Gold Price Per Ounce= $2,675.40(AUD)

Current aussie 1$=$1.4 USD
:smiley:

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Lithuania
5.8 tonnes
$354,623,832 gold value amount

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8,134 tonnes = $544,858,641,684
I am in the United States.

these numbers are insane

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gold price $/troy ounce $1901 on 10/24/2020
Troy ounce per tonne 32150
tonnes in reserve 8,134
value of reserve $497,126,898,100 USD
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Germany 3363.6 TONNES 205.645.458.600$ Uncredible 205.6 Billion Dollar !

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