Activity Lesson 3

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.

Zero zip

1 Like

8,133 tonnes, worth more than $373 billion.

1 Like

USA is my birth country so I will go with that
8133 tonnes
$456,373,063,686.00 USD

1 Like

:laughing:
feeling this reply

1 Like

Sweden: 125 tonnes, USD: $7.8 Bn

1 Like

In the us about 400 billion dollars or 8134 metric tons

Belgium: 12.737.651.000
Greece: 6.340.769.000

Live in USA, 8133 value: ~$378B

US 8133 tonnes
$454,228,050,000

Mexico - 120 tonnes
120 = 4232875 ounces = $151,396,393,550 USD

Canada does not hold any gold in its reserves, according to the website’s listing. So I went ahead and did the math with Australia instead :

Australia holds 79.85 tonnes of gold. At the time of typing this post, an ounce of gold is worth 1740$USD. There are 32,000 oz of gold in a tonne. Therefore, a tonne of gold currently is worth 55,680,000$USD.

Australia’s gold reserves is worth = 55,680,000 x 79.85 = 4,446,048,000$USD

1 Like

|Country|Last|Previous|Reference|Unit|

|United States|8133|8133|Dec/20|Tonnes|

1 Like

Saudi Arabia has 323 tonnes = ~$16.35 billion

1 Like

8133 Tons of Gold
Value at $1750 per ounce is approximately $455 Billion. A tiny number considering how much money has been created this past year by the fed

1 Like

The Netherlands 162 tons = 9.055.422.540 USD

1 Like

Switzerland:
1040 tones = USD 46,5 bil.

1 Like

Im from New Zealand and it wasn’t listed on there lol. Don’t know what’s going on there.

1 Like

Australia: 79.85 tonnes, $4.5B USD

1 Like

Japan: 765tonnes, 43billion USD

1 Like

my country (israel) hold’s 0 amaunt of gold in its reserves.

1 Like