Activity Lesson 3

USA has 8,133 tonnes of gold. The current price is $1,850 per ounce.
So the current value in USD is $530,946,088,710.

Australia holds 67.74 tonnes of gold, valued at US$ 4,034,544,272.4 as of 11/1/2021.

In the USA there is about 8133 tonnes which makes roughly 32,000 ounces per ton with a price of 1873 per ounce.

roughly $487,415,244,480 billion dollars in gold.

UK’s got 310 tonnes of gold
1t = 32,000 fl oz
1fl oz of gold = $1,849.10
310 x 32,000 x $1,849.10 = $18,343,072,000

UK’s got $18,343,072,000 in gold

Netherlands 612 tons $59,512,870 at today’s current price

Italy

2.452 tons of gold = 160.009.918.800 USD (160 billion dollars)
1,45% of total gold market cap

@ 1.850 USD / ounce (today gold price) = to 65.256.900 USD / ton

Ireland has 6 tonnes of gold in its reserves. That is worth 356,100,000 USD

Iceland:
1.98 tons = 69.842 oz
Gold Price @ $1.861,41, on January 12th 2021.
(reference: goldprice.org/gold-price.html)

Total Value = 69.842oz X $1.861,41 = $130.004.597

UK

310 tonnes

310 Tonne (ton) = 10,934,928.25 Ounces (oz)

Gold Price per Ounce = $1,846.36

10,934,928.25 Ounces (oz) x Gold Price per Ounce = $1,846.36 = $20,189,814,123.67

Poland:
229 tones = 8,077,746 Ounces (oz)
8,077,746 * 1,856 = $ 14,992,296,576

32 tonnes in serbia, soo about 1,760,000,000$

I live in Norway and Norway don’t have gold in central bank reserves.

US - 8133 - approximately 500 billion USD

VE 161 tonnes
10.548.942.875,7365 $

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Italy has 2452 Tonnes of gold
So it s about 145 billion of $

When I looked at the website it said that the U.S. has 8133 tonnes of gold in its reserves. I wasn’t sure how to calculate the dollar amount equivalent but I did see a post by @JBrewer that was very helpful to me. Here is the formula that @JBrewer posted for 8134 tonnes of gold:

286,918,716 ounces of gold
x
$1745.40 / ounce price
= $500,187,926,906.40 total value of gold

Thank you @JBrewer!

USA

8133 Tonnes

$528,152,416,722

Post the amount in tonnes and calculate the total current value in USD.

[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.

Spain 282 ton
1kg is 32.15 oz 1oz is current time $1,848.12
1kg is $59,418.35
282000kg => $16,755,974,700

U.S. holds 8133.46 tonnes of gold. The price per oz has increased since this video was made to $1,857.20 USD per oz.
So the current value of gold the U.S. holds is $532,829,459,265.41

…only about 27.2 trillion shy of covering our current national debt :slight_smile:

The US has 8133 tons of gold in reserve currently and this amount has been held steady since the '70’s. This represents a value of approximately $481 billion. Interestingly enough, the Federal Reserve has its own stash of gold in its vaults too that is not even a part of this equation.

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