Activity Lesson 3

[quote=“Arami_Alfarhani, post:1, topic:15695, full:true”]
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.

8133.46 tonnes

US 8133 tonnes

1 tonne equal to 35274oz price per oz of gold $1847

US gold value 529,873,717,374

Canada has 0 of its reserves in gold.

I live in Canada and on the initial chart it shows zero, but when you open the link it shows 46.2 tons which is 1478400 ounces and at current rate (1700.00 US ) is worth 2,513,280,000

2279T in Russia
134 766 137 669$
More than double less than BTC capitalization

Nigeria – 21.5 tonnes; $ 999,750,000.00

Venezuela. I honestly don’t trust the numbers posted out there. It’s probably a lot less.

1 Like

Macedonia has 6.89t of gold in reserve.

6,89x3200oz = 220’480 oz

220’480oz x $1’846.94 = $407’213’331

8133 tonnes usa $53.6 millon

Hungary’s got $2,311,535,663.673 worh of Gold
That’s crazy…

and 31.51tonnes… sorry

Russia holds 2299 tonnes of gold, which is 135 174 969 710 $ for today

Spain 282 tonnes

1 tonne equal to 35274oz price per oz of gold $1825

Spain gold value $18,153,764,100

The total current value of my home country’s gold reserves is close to three billion USD.

Slovenia 3.17 tonnes
5.791.590,00 USD

Venezuela 161 tonnes of gold about US$ 9,531,200,000
One ounce of gold at the moment is 1850, times 32000 ounces
59200000 x 161 = US$ 9,531,200,000.
However underground there is another very big story…

Poland -227 tones = 14 813 051 146,38 USD (1 oz - 1850 USD)

The US currently has 8133 tonnes of Gold.
At 64.3 billion a tonne, this equates to a total value of: $522,951,900,000.

USA: 8133 tonnes

$59573.95 per kg *1000kg/tonne * 8133 tonnes = $484,514,935,350

Here in Mexico, The Reserve have 120 tones of gold.
In usd dollars that mean 7,851,992,400.