Activity Lesson 3

8133 tonnes and total USD value $378.1845 Billion

8133 tonnes recently in U.S.

Canada 0

This was easy, and pretty eye opening.

United States 8133 x 1796.70 (07/06/2021) = [35273.96 (ounces per metric ton) x 8133 ] x 1796.70
286,883,116.68 ounces x 1796.70 = $515,442,895,738.956 or Approx. $515.4 Billion

Gold would have to be revalued at about $50,000/oz in order for there to be enough gold in the world’
to become a tradeable currency again in the markets.

USA gold reserves as of March 2021: 8133 tonnes
Current market value: 8133 tonnes x 35273.96 oz @~$1801.72/oz=$516,883,048,984.69

U.S. has 8133 metric tons of gold, 286,918.716 ounces of gold. 1,809.25 ounce price
286,918.716 x 1809.25 = 519,107,686.923 Dollars worth of gold.

34.68 Tonnes => 2012 Millions USD for Perú , and we are 6th in world in Gold Production :pensive:

In the Maldives we hold non

Slovenia 3.17 tonnes, that’s 167,460,870$

UK 310 tons

310x1000
310000 kg x 60713 usd price/kg
= 18,821,030,000 total amount in USD

Nigeria has 21.46 tonnes which equals 1,248,972,000 USD.

Argentina = 61.74 tons = 3,592,857,600 USD

USA 1 metric ton divided into ounces equals 32,150.7 ounces per metric ton.
32,150.7 ounces x todays gold price of $1,814.9 = $58,350,305.43 per metric ton X 8133 tons = $474,563,034,062.19 Total US gold reserves. Yeah right. No wonder the Fed has not done an audit in decades. There is probably 1 bar siting on a pallet left in the vault lol.

Lithuania 5.82 tonnes :slight_smile:

In USD it is $471,551,340,000

Belgium 227.000 kg x $ 58.145.75 = $ 13,199,085.2

Austria: 16.212.439.600 USD in Gold Reserve

South Africa : 125 Tones = 4 409 245 ounces = 4 409 245 USD @ 1 805 USD / ounce

Denmark: 66.55 tonnes = 350983 ounces X 1805 USD = 633.522.806 USD

Singapore with 127 tonnes should be around 13766.8 million USD