Activity Lesson 3

Brazil has 67.36 tonnes
Price now (1/01/2021) =~ 61,000.00 per kg
61,000,000 per tonne
$4.108.960.000

Oops jackchap your arithmetic is a bit off there! It is 494+ trillion, not million

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 tones and calculate the total current value in USD.

  • 1 Tonne = 35273.9619 oz.
  • Gold Reserves in Romania: 103.65 (Tonnes) x 35273.9619 (oz/Tonne) = 3656146.150935 (oz)
  • 3656146.150935 (oz) x 1,901.60 ($/oz) = 6952527520.6179 $

This one is easy for me & why i dont like my government.
Canada holds 0 gold. We sold it all.
so my output with almost no math needed is 0USD.
Good job Canada.

1-2-21
8133 tons of gold in US

Ounces per ton – 32,000x8133= 260,256,000
Gold price – $1905.94/ounce

Total value – $496,032,320,640

Australia wasn’t overly high on the list with 67.74 tons.
Giving a value of approximately $4,137,988,000.
They did look to be one of only a few countries that had increased their reserve from the previous total :grinning:

The 1 ton of Gold is worth $64.3 Million dollars at $2000 /oz. that is the price

South Africa Has 125 Tonnes

64 300 000 x 125 = 8, 037 500 000

WOW!

Netherlands: 612 tonnes x 1898.40 USD/ounce = 37,353,406,098.96 USD

Post the amount in tonnes and calculate the total current value in USD.
8133 tonnes = 286883132.53594 Ounces X 1,905.94 USD/ounce = 546,782,037,625.5495
For the US

UK 310 tonnes, worth 62140000 USD

Belgium -> 227 tonnes -> 12.5 mil dollars

ummm well Canada don’t have any according to this data
so 0 USD and 0 tonnes

Canada has 0 USD in gold!!! What the heck!?

UK holds 310.29 tonnes giving $9,308,700,000

Canada Gold Reserve = 0 tonnes.

United States of America Jan 5, 2021

Amount: 8133 tonnes = 286,883,132 oz
Gold: $1945/oz

286,883,132oz * $1,945/oz = $557,987,691,740

40.83 tonnes

$2,539,775,437.8

USA. 8133. $1930 oz. 8133 x 1930 x 35,274 = $553.685 billion USD

Ireland: 6 tonnes = 55.8 mil USD

United states has 8134.46 metric tons of gold
286,899,358.6 ounces of gold
X
1,913.80 ounce price
= 549,067,992,488.68 total value of gold