Activity Lesson 3

US has 8134 tonnes which is about $492,913,531,020.52 USD.

The US has 8133 tonnes which is 17930195.7835 pounds

A pound of gold is $21874, so the US has $392,205,102,568 in reserve

More simply, 0.4 Trillion Dollars

Lithuania has 6tonnes = 211644 ounces = 392,830,311
current

Canada’s central bank apparently has 0 tonnes of gold, with a value of $0 US. That was easy.
(Probably sold it all for bitcoin lol)

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 tonnes

$524,468,722,604.99 USD

Current value- 8133 tonnes (5,229,519,000,000 USD)

Nigeria
21.46 tonnes = $1.26mil

Ireland: 6 tons = 192,000 ounces. Current price in USD = 1,829.09 per ounce. Total value = USD 351,185,280

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At todays price of $1835 per oz, the total gold value in the USA is $526,281,875,5020

UK has 310 tonnes gold.
Given $59,016.23/kg, 1 ton (us) = 907.185kg
Therefore, 907.185 * 59,016.23 = $53,538,638.61255 (price per ton)
$53,538,638.61255 * 310 (amount UK has in tonnes) = $16,596,977,969.8905 ($16.5 Billion)

Although, the bank of England claim to hold over 200+ Billion!!??
https://www.bankofengland.co.uk/knowledgebank/how-much-gold-is-kept-in-the-bank-of-england#:~:text=Bank%20of%20England%3F-,Our%20gold%20vaults%20hold%20around%20400%2C000%20bars%20of%20gold%2C%20worth,Federal%20Reserve%20tops%20the%20list).

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US Gold Reserve in Tonnes: 8133.43
Total in US$: 286898300.3oz ($1828/oz)= $524,450,092,948.4

scary

Using the website below, find out how much gold your country’s central bank currently holds in its reserves. Post the amount in tonnes and calculate the total current value in USD.

US has 8,133 tons of gold in reserves.
There are 32,000 oz in a ton.
US gold reserves in oz. = 260,256,000 oz
Multiplied by current price per ounce of gold ($1,837) x 260,256,000 oz. =
~$478 Billion in US gold reserves.

I hope this is correct!

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Cyprus
13.9 Tonnes
Approximate value: €691,942,000

Australia
67.74tons @$1,836.80 = (US) $3,630,119,230.71

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Here in Canada we have a total of 0 tonnes of gold worth a total of 0 USD

BOE currently holds 310 tonnes. Current value $759562000.

310 tonnes into ounces (x 35,274) equals 10,934,940 oz

Times by the USD value per ounce ($1,841) equals $20,131,224,540 for my country the United Kingdom

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Tonnes of gold in South African Reserves and Value in USD
South Africa has 125 tonnes = 125 X 32 150.7 oz = 4 018 837 oz gold reserves
Value = 4 018 837 X $1 847 = USD 7 422 792 862

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Latvia - 6.66 tons = $393 559 380

South Africa

125 Tonnes

$7.5 Bn