Activity Lesson 3

Bitcoin Monetary Revolution
#1545

The U.S. holds more gold than any other country with 8133 tonnes. That amount is currently worth more than $373 Billion. Definitely not backing up the dollar with that.

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#1546

USA has 8,133 tonnes of gold worth 462,927,757,440 USD

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#1547

Peru has 34.68 tons
= 1,199,314 ounces
x $1,745.40 per ounce

= $ 2,093,282,655 total value

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#1548

$19,393,881,480 :fearful: U.K. That’s terrifying!! Unless I have the math wrong!!

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#1549

For Chile it is 0.25 - 0.25 Jun/20 Tonnes

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#1550

Czech Republic 9.48 tons => 540,1M USD

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#1551

The country Netherlands has 612 tonnes of gold
a tonne of gold is a thousand kilos
a kilo is a thousand grams
1 Troy ounce is 31.103 grams
1779.64 $ is the current troy ounce price
=(((612 * 1000 * 1000)/31.103)*1779.64
=35017190624.6986 $

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#1552

Spain: 282 tonnes

Tonne price: https://www.dailymetalprice.com/metalprices.php?c=au&u=mt&d=10

56.72 million USD

Total amount: 282 * 56.720.000 = 15.995.040.000 USD

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#1553

54982 x20=1099640
0.02 tons of gold.
this is so much less than bitcoin holders

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#1554

Ireland 6 tons of gold roughly worth 308 mil USD

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#1555

Sweden 126 Tonnes = 7 ,132,527.36

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#1556

Romania: 104 Tones of gold as of December 2020 / Right now the price of gold is: 56.5 Dollars / Gram
That means the total supply of gold that Romania holds in his treasury is equal to: 5,883,318,048.780488 Dollars

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#1557

Germany

  • 3362 tonnes
  • Current Gold Price in USD (01.05.2021): $56887.89
  • price x weight x 1000 = 191,223,466,180
  • Total current value = $191.2 Billion
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#1558
  • The central bank of the Netherlands holds 612 tonnes of Gold.
  • The current price(1.05.2021) is $1.769,08/oz
  • 1 ton = 32.000 ounces, so 1 ton is (32.000 times 1.769,08) $56.610.560
  • So the total value is (56.610.560 times 612) $34.645.662.720
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#1559

France has 2436 tonnes of gold at 56871USD per kilo that is 185,5B USD in its reserves

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#1560
  1. Gold as money:
    Using the website https://tradingeconomics.com/country-list/gold-reserves, 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.
  • 280t / around 15,6 billion USD (May-2-2021)
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#1561

Per link tradineconomics.com the United States of America has 8133 Tons of gold in reserves and is worth $460,322,594,880 USD at the oz. price of $1768.73 USD.

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#1562

The United States has 8133 Tonnes of gold in reserves which is equal to 514,106,603,402 USD

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#1563

United States 8133 tonnes
$510,204,988,590.48

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#1564

Germany: 3362 tons
1 = 57.440.850 USD
3362 = 193 116 137 700 USD

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