Activity Lesson 3

Wow Canada aka Kanata has Zero Gold as we sold all our mines to China… we will barter trudeau for trump straight up; or we will add a bag of hockey pucks also. zero gold equals zero freedom in canada.

Australia
67.74 Tonnes
$3,894,716,319

Nigeria
21.37 ton
$1,281,469,150

South Africa
125 tonnes
$7.7 Bn

4,041,690,500 Australia value of gold

For USA:
Gold price ~ $1900/oz (Jan 2021), reserves = 8133ton (Sep 2020), 32,000oz/ton,

USA Gold Reserves = ~$494.4 billion

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The United stated has 8,133 tons @ $1841 per ounce that is approximately $490 Trillion :exploding_head:

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Hungary has 31,51 t gold. Value of it in usd is 2 078 027 756,784 $

I’m not comforted by how easy this calculation is.
Canada: 0 Tonnes * $1865.30 USD per ounce * 35274 ounces per tonne = $0 USD

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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.

Chilean Central Bank holds 0.25 tonnes of gold, as of June of 2020.
Current gold price, as of January 22nd, 2021, 03:40 UTC is 1862.16 $/OZ
As there are 32.000 ounces in 1 ton, we have 8.000 ounces of gold.
Then, 1.862,16 x 8.000 = U$ 14.897.280

So, the current value of the gold reserves of the Chilean Central Bank is U$ 14.897.280

My country is actually not in the list of countries! Interestingly, we have a history of gold mining up in the north and some dead gold mines as proof!

australia 67.74 tonne at 1853$ per ouce is 4.4B$

I Shel begin with the fact that Israel is not in the chart.
Israel Gold Reserves was reported at 0.000 USD mn in Feb 2019.
This stayed constant from the previous number of 0.000 USD mn for Jan 2019.

In General. Israel dose not Hold any Gold bullion Reserves. 0 T = 0 USD

United States, 8133 tonnes X 32,000 ounces/tonnes X $1842/ounces = $479,391,552,000

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Brazil 67.36 tonnes
USD 4,050,760,960

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USA 8133 tons worth about $488B

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Philippines - 191 tonnes
Current value - $11,469,550,000

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Germanies central bank: 3362.45 Tonnes
Total current value in USD: 200.529.344.528,13

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Australia has 55.67 tonnes of Gold worth 3,012,790,799.47

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As of January 23, 2021, the United States has 8133 metric tons (tonnes) of gold in its central bank, and gold is valued at $59.59M* per tonne for a value of $484,645,470,000,000.

Hmmm, with almost $485T, we should be able to pay our national debt, if anyone took paper currency seriously.

*Daily Metal Prices

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