Activity Lesson 3

Bitcoin Monetary Revolution
#1465

Australia holds 79.85 tonnes i.e. 79.85tonnes35274oz1730$ = $4,872,767,997

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#1466

USA has 8133 tonnes of gold currently (4/2/2021) valued at:

8133 tonn * (1000000g/tonne) * ($55.65/g) = $452,601,450,000 ~ $452.6 Billion

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#1467

USA has 8133 tons according to the website.

8133 tons = 260,256,000 ounces.
260,256,000 ounces @ $1734/ounce = $451,283,904,000

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#1468

Switzerland has 1040 tonnes of gold.

1’040’000 kg @ 55’639.76 USD per kg = 57’865’350’400 USD

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#1469

UK = 310 tonnes @ 1734.82 per oz (2021)
18,970,152,610

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#1470

Australia holds 79.85 tonnes of gold.
This is 79850kg x US$56052 (at time of posting)
=US$4,475,752,200 (US$4.475 billion)

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#1471

United States
8133 tonnes
Current price $55,421.46 per Kg
Total current gold reserve value $450,742,734,180

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#1472

8133 tonnes for the United States of America -

286,883,132.53 ounces at $1,737 per ounce

Equals = $498,316,001,221.98 Billion with a “B”!!!

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#1473

8133 tonnes priced at $1,733 per ounce = $453 billion

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#1474

Philippines: 188 metric tons = 6,631,512 ounces @ $1745.40 per ounce
–> $11,574,641,044.80 (~$11.57B)

                    @ 48Philippines pesos per $1
                --> Php 555,582,770,150.40 (~Php 0.5T)

I am surprised to know PH ranks 9th in Asia.

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#1475

US 8133 Tonnes x $1743/oz + $455 billion

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#1476

Mexico 120Tons --> about $6,650,378,400 USD

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#1477

Luxembourg : 2.27 tonnes, 55644.90 USD per kilo = 126.313,923 USD

3 Likes
#1478

Argentina: 61.74 T
Value in USD: $3.446.203.320

Almost 3 and a half billion dollars

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#1479

Latvia holds 6,66 tonnes, value in USD 373 519,44

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#1480

51.42 tons
Equivalent to 89,470,800 USD

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#1481

310tonnes–>17.325.900.000usd

#1482

Guinea-Bissau is not even in the list.

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#1483

I’m in Australia which seems to hold 79.85 million tonnes of gold.
At current rates (USD46.5 million per tonne) that would equal USD22,213 million.
Maths is not my strong suit but it seems to me that is only a small amount compared to the cash circulating in Oz.

1 Like
#1484

As of 04/08/2021 8:30 PM UTC 5, the central bank of my country, the United States, has a total of 8,133 tonnes in gold reserves. Converting to ounces, that equals 261,482,049.75 oz. The current price of one ounce of gold in USD is $1,753.70. 261,482,049.75 × $1,753.70 = $458,561,070,646.57