Activity Lesson 3

Greece: 114 metric tonnes = 3,665,185 troy oz
Current price: $1,847.79/troy oz
Total value: $6.772.492.191,15

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Canada

0 Tonnes

0.00 USD

:0o

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.
US as of February 1, 2021. US tonnes of gold: 8133
$261,482,049.75 USD

UK, 310 tonnes is equal to 10934930oz x $1700 = 18,589,381,000

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USA 8133 tonnes = $531,000,000,000

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Just 6.1 Bn Dollars for Romania, 104 tonnes, after a stupid decision made by the Romanian government during the 1st WW to transfer most of the gold to Russia( approx. 95 tonnes at the time) to be protected from the threat of Central Powers. Soon after, communists came to power and refused to return the gold back to its owner, the central bank of Romania :)))

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UK 310 tonnes = $19b 654m
LT 5.82 tonnes = 369million

(1 tonne of gold = $63.4m)

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:face_with_monocle:
3.17t = 101440 ounces x 1834.00$ = 186.040.960.00$

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Poland
229 tonnes
13 511 000 000 usd value

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229T
current price: $59,027.40 per 1kg
=$13517183000

The United States has 8,133 tons of gold reserved. Gold is priced at $1863.72 per oz, which is about $485 Billion

8133 tonnes is the US - current value $485,784,090,000

125 tonnes in South Africa = 250,000kgs worth US$8 billion ONLY and the country is borrowing at $150 Million per day so at this rate it is bankrupt in 53 days.

Russia has 2299 MT of the gold. Its value is US$ 148 839 944 939 based on today’s market price

UK - 310 tonnes
Current market price of gold per kilo in USD = $59,072 x 310,000
18.3 Billion Dollars

Germany: 3362 tonnes
but not sure if it is stored there or just confiscated by the Allies and actually stored in their central banks / gold vaults :sweat_smile:
3362 tonnes = 108,090,810 oz = 198,195,309,149 USD

0 because that’s how Canada operates xd. We own the miners, but I guess we just don’t like gold.

It really has to do with Canada’s reserves going to 0 in 2020 because due to corona we slashed interest rates to 0, so the central banks can loan your currency out to other banks and don’t need any fractional reserves.

Venezuela , 161 TONNES(5,152,000 Oz) * 1,792 = $ 9,232,384,000 USD

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Nigeria: 21.37tons of Gold valued $1,246,606,158.62

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