Activity Lesson 3

Bitcoin Monetary Revolution
#664

The United States currently has 8134 tonnes in its reserves. which is currently worth 545,145,560,400 USD

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#665

USA: 8134 tonnes/$523,016,200,000

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#666

125 Tonnes
$7653 375 000.00
R12 4372 708 765.88

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#667

Mexico: 120 tons of gold / aprox. 7,305,216,000 dollars as of June, 2020

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#668

How did you get this answer?

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#669

Using the link at the top of this topic will take you to https://tradingeconomics.com/country-list/gold-reserves which can be translates to oz and current value with gold spot sites.

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#670

Since my country (Croatia) obviously has none :(, I looked at Slovenia (my mother is from Slovenia so I guess that can count for this task) :slight_smile: Also doesn’t have much compered to other countries, but at least has some and is on the list :slight_smile: It has 3.2 t, so at current price that’s almost 196 milion $.

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#671

The United States central bank currently holds 8,134 tonnes of gold in its reserves.

32,150.7oz (amount of gold in a metric tonne) X $1,905 (current price of gold per oz) = $61,247,083.50 (current price of a tonne of gold).

$61,247,083.50 (current price of a tonne of gold) X 8,134 (tonnes of gold in US central bank)= $498,183,777,189

The United States central bank currently has about $498,183,777,189 worth of gold in its reserves.

#672

Germany: 3364 Tonnes which is 201.840.000.000 $

#673

thank you! I was getting a different answer than most :upside_down_face:

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#674

Bulgaria: 40.8 tonnes of gold
40.8 tonnes = 1 439 177.65 ounces (oz)
1 439 177.65 oz x 1,908.06 = 2,746,037,306.859 USD

P.S.
I highly doubt that :smiley:

#675

$497,700,000,000 (10/27/20) = 8134 tonnes x $1904.99 (usd)

#676

31.5 tonnes

$1,919,232,000

However I think all these numbers are not too correct since most of the rich countries have investment arms and don’t necessarily declare everything.

#677

18,899,809,200 $ for Spain

#678

United States
8134 tonnes
35274 ounces/tonne
1877$/ounce currently
total value
538,546,429,932

#679

Peru: 34.7 tonnes = 1,224,006 oz
Actual oz of gold price: $1736.70

Total Hold: $ 2,125,731,220.2

#680

The Netherlands has 612 tonnes of gold in reserve, a metric tonne is exactly 32,150.7 troy ounces of gold. So 612 x 32.150,7 = 19.676.228,4 ounces of gold at today’s spot price of $ 1.877,25 = $ 36.937.199.763,90

#681

114 for Greece
6.916.204.302,57$

#682

Ukraine has 25.2 tonnes of gold which currently equals to 1,536,948,000 $.

#683

U.S.A currently has 8134 tonnes which relates to about $492,913,531,020.52 USD.