Activity Lesson 3

The United States has 8133.50 tonnes of Gold. Lets round it off to 8134 to simplify our math.

8134t = 32,150.75/troy ounces (current price of gold as of 10/29/20 $1867/ounce)

8134t * 32,151 = 261,514,200.5 ounces of gold

261,514,200.5 ounces * $1867/ounce =

$488,247,012,333.5

Wow Canada has “0” - Very Interesting to know :thinking:

The UK currently holds 310 tonnes in its reserves
At todays price of $1876.40/oz (at the time of writing)
32,150.7 troy ounces = 1 ton of gold
=> The UK current holds (32,150.7 * 310) ounces of gold
= 9,966,717 ounces
=> The value of all the gold the UK currently holds = 9,966,717 * $1876.40
= $18.7015478 billion
Which at todays exchange rate is equivalent to £14.459943251 billion

The United States hold 8,134 tonnes totaling $541,701,951,472 :exploding_head:

The UK has 310 tonnes of gold worth 18,728,484,222.1$

Belgium: 227 ton, 13.71 billion USD

Switzerland: 1040 tonnes, worth about 62’813’660’000 USD.

3.2 tonnes. That’s about 205.76 million US$.

Switzerland = 1 952 000 000 $

Using the website below, find out how much gold your country’s central bank currently holds in its reserves.

https://tradingeconomics.com/country-list/gold-reserves

Post the amount in tonnes and calculate the total current value in USD.
Ans: USA is my country. 8134 tonnes which is $128,600,000,000!!!

310 tonnes (UK) = 10934930 ounces
price per oz (1/11/2020) = $1878.90

10934930 x 1879.9 = $20,556,574,907 (~20.5 billion dollars!)

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The US central bank is currently holding 8,133.5 tons of gold in its reserves. Today is Oct. 31, 2020 (Happy Halloween! :vampire:t5: :jack_o_lantern: ) and the current price of gold is $1,878.95/ounce (oz).

Measurements weren’t my strong-suit in math class, so apologies in advance lol…
1 ton = 32,000 oz

8,133.5 tons x 32,000 oz = 260,272,000 oz

260,272,000 oz x $1,878.95 = $489,039,074,400 (or approx. 500 billion USD)

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Austria, 280 tonnes = 9.876.720 oz *1878,90 = 18.557.369.208 USD

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I took Slovenia because Croatia sold all the gold, of course ,because of the big corruption , they practically sold the soul to the devil…the amount of dollars in gold for Slovenia is 1.932.748.480 dollars

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The U.S. central bank holds 8,134 tonnes worth 493.74 billion USD with gold at 1,888 USD/ oz.

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Netherlands 612 tonnes

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UK - 310 tonnes
$18,726,170,000

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286,918,716 ounces of gold x $1700 / ounce price = $487,761,817,200 total value of gold in the USA

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US 8134 metric tons. 286,918,716 oz
286,918,716x1882=539,981,023,512 tether

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UK around 500mil usd

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