Activity Lesson 3

Argentina: 61.7 tons. 3.500.000.000 usd

Poland: 229 Tonnes
Value = 229 x 35 273,9619 x 1887,47 = $15,246,502,487.

U.S. Gold Reserve 494,368,290,937 usd I divide tons into troy once then multiplied by price per ounce

Canada 0 a big fat zero … what a joke :rofl: even I have 1 oz gold maple leaf round :smile:… Canada is in serious trouble

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right what a joke i siad i have 1 oz maple leaf looks like im doing better than the government with 1 oz :rofl:

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Australia:
60.9 tonnes
Kg price is $60941

3,711,124,200 USD

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India Gold Reserve 657.70 Tonnes 43.8Billion USD as of end of 2020second quater
Gold Price taken into account is 1890USD per ounce.

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holy shit what a learning curve that was. New Zealands reserve bank has ZERO gold reserves…! Lucky i have bitcoin then, I need to educate the banks and governments in this country!

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The US Central Bank currently holds 8,134 tonnes. This is approximately $494,386,118,819.

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Spain:
282 Tonnes of gol
282 000 000 grams of gold
Price per gram of gold: 62.78 USD

Total current value of Gold in USD: 17,703,960,000

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I’m in the U.S. We currently have 8134 tonnes of gold in reserves. The current price of gold is $1888.88. This means our reserves are worth $491,652,797,440.

In USA, we hold 8134 tonnes of gold, which is $541,802,901,978.21 in USD

U.S gold reserves equals 378,231,000,000 USD

I am getting a calculation of 378,231,000,000 for 2019 or $46,500,000 x 8134
This is according to prices listed for 2019.
Although I can’t be sure because there are different prices listed. Another site claims that price of gold as of today is $64.3 million. Which is 523,016,200,000. This matches PWNSAUCE calculation. That’s almost double in just a year?

Slovakia
317.7 Tones
Current price for 1 Kilogram 60152 USD
Total value is 1 906 818 400 USD

USA : 485200000000$ for 8134 metric tons at 1857.3$ per troy ounce

Germany

  • Tons: 3364
  • Value: 3364 x 59,742.52 (USD/KG Gold) x 1000 = 200.973.837.280 USD
    (=1,827 % of Total Marketcap)

So, it appears my country (New Zealand) is one of the few that do not hold any gold reserves to back its own currency. :o

Activity: Find out how much gold your country’s central bank currently holds in its reserves. Post the amount in tonnes and calculate the total current value in USD.

The United States holds 8134 Tonnes of gold in its central bank reserves as of June 2020. The total current value in USD is $489,658,427,511.12 (8134 tonnes x 32,150.7 troy ounces x 1,872.40 USD per oz)

Slovakia - 31.7 tonnes - total value USD 60,195,000