Current Tons of Gold @ Current spot price per Kg
125 000 kilograms @ $56,993.63 per kilogram = $7 124 203 750
The U.S.’s reserve of gold equals 8,133 tonnes, worth more than $373 billion.
South Africa
125 tonnes = $6.8b
Portugal:
383 tons
21 057 807 260 USD
France
2436 tons
133 934 251 920 USD
I am from the Netherlands and live in Spain. I will take look at both of these countries’ gold reserves.
- The Netherlands holds 612 tonnes of gold, currently worth $30,653,269,500 (30+ billion USD).
- Spain holds 282 tonnes of gold, currently worth $14,124,545,750 (14+ billion USD).
Surprise! Spain, a country so much larger and with a population 2.5 the size of the Netherlands, has less than half the gold that the Netherlands has in reserves. I wonder why.
Activity Lesson 3:
United States: 8133 tonnes
1 ton = 32,000 ounces 8133 tonnes = 260,256,000 ounces
Gold price/ounce = 1,673.79 260,256,000 * $1,673.79 = $435,613,890,240
8133 tonnes = $435,613,890,240
Post the amount in tonnes and calculate the total current value in USD\
colombia 4.8 tonnes
USD : 257.895.564.96
130 tonnes = aprox $7,3 bi
8133 tonnes June 2022 reference point
Australia 132772.184 USD
21.37 tonnes
Valued at $1,047,354,385 for Nigeria
Switzerland: Total gold value usd amount: 1040 tonnes = 54.4 Billion
South Africa has 125tonnes
= $6,637,875,000 in gold reserves
Hungary has 94.5 tons of gold (as per reading assignment source).
At approximately 1700 $ per ounce, this would result in
5.14 billion USD in current value.
My country: MEXICO
Current price of gold as in november 09, 2022: $1,713.13 per Oz.
Total gold holdings in central bank reserves: 120 T (1.47% of USA holdings).
120 T = 4,332,880 T = $7,251,474,000 USD
The total monetary supply of Mexico as in August 2022 was $127,090,770,015 USD (source: banxico.org.mx. Currency exgange $19.61 pesos per usd as in november 09, 2022). The value of the money supply in Mexico in USD is 17.35 times more than the value of the gold reserves of the central bank. Only 5.71% of the money supply is backed with gold reserves.
The total monetary supply (bills) of the United States by the 31st of december 2020 was $2,040,700,000,000 USD source: uscurrency.gov. This is 4.15 times more than the value of the gold reserves of the Federal Reserve. Only 24.08% of the money supply (bills) is backed with gold reserves.
Crazy data… isn’t it?
Other way to see this after watching the government money section is that more US dollars in circulation are competing for a relatively stable supply of gold, that’s why the price of gold has increased over time, from 30 USD in 1933 to more than 1,700 USD today’s price.
I am a bit confused on how to get the answer but here it goes
us current gold tonnes is 8133 / 286883133 ounces
x the ounce price of $1711.00 = 49085e11
Not sure if I did this correctly, if anyone can let me know if this is right or what I did wrong it will be greatly appreciated.
Germany = 3355 tonnes = 191.151.125.000 USD
The USA states it holds 8133 tonnes of gold.
8133 * 1774 = $14,427,942.
Bulgaria 40.84 tons in dollars=71 686 452