Activity Lesson 3

Sweden holds 126 Tonnes, at an approx current value of $7.5 Billion.

Belgium currently holds 227 tons of gold wich makes the total current value equal to (60171.41$/kg real time) = 13.658.910.070$

UK 310 tonnes gold reserve

Germany: tonnes oz/tonne price/oz total value
3362 35274 $1872 $222 002 703 936

US currently holds 8,133 tons of gold in reserves worth 487,719,744,000 US dollars.

Italy = 2452 tonnes

86491755 ounces of gold
x
$ $1,859.54 ounce price
= $ 160.834.878.092,7 total current value

USA has 8134 Tonnes
This is 286,918,716 ounces x $1,833 per/ounce = $525,922,006,428

I concur 8134 tonnes and $523,016,200,000 in the States

According to the website, Australia has 79.62 Tonnes of gold which equates to 4.69 Bn USD

Actually a pretty lame amount considering the natural supply available in-country :thinking:

Post the amount in tonnes and calculate the total current value in USD
A: As of Sept '20 the US has 8,133 tons of gold in reserve. At a price of $1,843.70/oz, the US gold reserve would be valued at $479.8 billion.

Germany: 3362 Tonnes = approx. 179818632452.52 Euros ( 179,8 Trillion Euros)

The Netherlands has roughly 612 metric tonnes of gold. 1 metric tonne of gold is worth $59.79 million as of December 9th, 2020. Therefore my country’s value of gold storage is:
612 x 59.72 = $36,591.48 million.

Canada has no gold in it’s central bank reserve.

Can anyone tell me the exact equation to calculate this problem?

Cyprus
13.9 t * 32000 = 444800 oz
444800 oz * $1836 = $ 816,652,800

Convert your tons to ounces
Formula is 1 ton(t) = 32000 ounces (oz)

then multiply the result of ounces by the current price of gold per ounce

The data are from Sep. 2020

Slovenian CB holds 3.17 tones of gold in reserve.
As per today’s price 59.125 $ / kg so we get 187.426.250 $
The drop from 3.2 tones to 3.17 tones means that Slovenian CB gold reserves have been reduced for approx. 1.8 M $

Just to put into perspective Slovenian annual GDP is around 54 B, the gold reserves less than 0,2 B which is approx. 0.4% IMO Pretty unsafe ratio, specially with € debasement that is going on in recent period.

The price of gold in tonnes in the United States is 8133 as of December the 11th 2020. Multiply that by the price per ounce which is 1,844. That is a total reflection of 2,602,560,000 ounces that the central bank has in supply.

swiss 1040 tonnes aprx 1.9 milliarden i think in engl. that would be 1.9 billion

United States - 8133 tonnes / ~$500million