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All the World's Gold

May 07 2012

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

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