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All the World's Gold

by Steve Patterson on Monday, May 07, 2012 11:40 AM

Did you know that all of the gold in the world has a value of 8.5 trillion dollars? This precious metal is one of the most sought after in the entire world, but there are some 165,000 metric tons of it available on this planet.

With about 7 billion people on the planet, there is less than one ounce of gold per person available. That being said, gold production has increased by 210% from 1959 to 2010. In that same period of time human population increased by 220%. Thus, we are just barely outpacing the amount of gold available, and this means that the less than one ounce figure remains true.

Nearly 52% of the gold in the world is used in jewelry while 34% remains in holdings and investments. Only 12% gets used for industrial purposes. We obviously value wearing and trading gold far more than we value actually using it.

From: Number Sleuth

gold_450

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2 comment(s) so far...

Anonymous 5/11/2012

Gold consumption pattern shows a surge in recent years. It's considered one of the best investment option by many people as there is no big price fluctuation and demand is always on the upside.

 
Anonymous 5/17/2012

The rates of American dollar increases day by day so it affect the rates of gold and almost all the sector in economy. So its usually to raise the rates of gold.

   
  
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