Activity Lesson 3

The United States has 8133 tons of gold (as of September 2020), for a total value of $485,955,000,000 (nearly 1/2 trillion $, at the current price of $1,867.22 per ounce).

Australia - 67.74T / 2 389 458oz * US$1870 = US$4 468 286 460

Funnily enough Australia annually exports roughly 4x this value in gold

As of the most recent posting, the US has 8133 tonnes of gold in its reserves, which (at the current rate of $1,887.91/oz.) means that the current value in USD of the United States reserves is $491,339,904,960.

UK has 310 tonnes of gold (Sept 2020) and current price is $60,417.36 per kg (18th Dec 2020).

Total current value $18, 729, 381, 600.

Australia:
67.74 tonnes
$4 468 286 460 USD

Tonnes: 8133
USD: $7,384,764,000

Romania 104 Tonnes, Gold Price per Kilo $60,482.so 104 tonnes = 6,290,128,000 dollars

Germany 3362 tonnes - around 184 trillion USD

383 tonnes = 23,164,989,000 $

The Dutch Central Bank has 612 Tonnes in gold reserves with a value of
$1883,90 Oz x 24 = $45214 per ton x 612.000 = $27.670.723.000

US
8133 Tonnes
$ 493,364,278,807.712

India
668 tonnes
1 ton of gold = $46.5 Million
668 tonnes of gold = $31,062,000,000

Philippines
190 tonnes
1 kg of gold = $60,483.75 ( as of dec 20, 2020)
1 ton of gold = $60,483,750.00 ($60.45M)
190 tonnes = $11.485 Billion

Uk 310 tons - 18,659,520,000 dollars

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

A. My government (in Canada), sold it’s last gold reserves a few years ago to fund spendings, along with debt and taxes. So the answer is 0.

Belgium: 227t
Price per kg: $60.483
Value in USD: $13.7 Billion

My fine country of Canada is so perfect we don’t need to hold any physical gold!

Oh boy.

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Netherlands
612 tonnes
value in USD $37.1 billion

31,69 t equals to roughly 1,9 billion USD based on price at goldprice.com

United Kingdom

310 tonnes

£14,005,666,700.00

$18,723,153,700.00