Question: How Much Gold Is Still Undiscovered?

Who owns the most gold in world?

The U.S.The U.S.

owns the most gold of any country, according to an analysis of data from the International Monetary Fund, published on HowMuch.net.

The U.S.’s reserve of gold equals 8,133 tonnes, worth more than $373 billion.

Germany comes in second, with 3,369 tonnes, worth more than $154 billion..

How much gold is still in the earth?

How much mineable gold is left? The World Gold Council estimates that remaining reserves worldwide amount to just 30% of what’s been mined already — 54,000 metric tons of gold in sufficient concentrations, and buried at sufficiently accessible depths, to be mined at reasonable cost.

How much gold is still in Australia?

Australia is estimated to have the world’s largest gold reserves, with 9,500 tonnes or 17 per cent of the total world estimated gold reserves of 57,000 tonnes. Geoscience Australia estimates that 60 per cent of Australia’s gold reserves are in Western Australia.

Which country gold is cheapest?

The top 5 cheapest gold rates in country.Dubai, UAE.Bangkok, Thailand.Hong Kong, China.Cochin, India:Zurich, Switzerland.

Which country has the purest gold?

List of countries by gold production2018 RankCountryGold production (tonnes)1China4042Australia3193Russia2974United States22213 more rows

Which country has most gold?

Top 10 Countries with Largest Gold ReservesItaly. Tonnes: 2,451.8.France. Tonnes: 2,436.0. … Russia. Tonnes: 2,299.9. … China. Tonnes: 1,948.3. … Switzerland. Tonnes: 1,040.0. … Japan. Tonnes: 765.2. Percent of foreign reserves: 3.2 percent. … India. Tonnes: 657.7. Percent of foreign reserves: 7.5 percent. … Netherlands. Tonnes: 612.5. Percent of foreign reserves: 71.4 percent. … More items…•

What state has produced the most gold?

NevadaNevada is the leading gold-producing state in the nation, in 2018 producing 5,581,160 troy ounces (173.6 tonnes), representing 78% of US gold and 5.0% of the world’s production. Much of the gold in Nevada comes from large open pit mining and with heap leaching recovery.

Can all the gold in the world fit in a swimming pool?

A figure commonly thrown around is that the entire global supply of gold would be enough to fill two Olympic sized swimming pools. … Thus we get about 8.2 million liters of gold. If an Olympic-sized swimming pool has a volume of 2.5 million liters, then we divide and get our answer.

What does 1 oz of gold look like?

1 oz gold bars are made from investment grade gold bullion and each one weighs exactly 1 troy ounce, or 31.1034768 grams. 1 oz gold bars have a fineness, purity or gold content of at least 99.9%. 1 oz gold bars are usually rectangular. They are produced either as cast or minted bars.

Where is the best place to dig for gold?

The REAL Top 10 Places to Pan for GoldBlack Hills, South Dakota. … Northern Nevada. … The Klondike Region, Yukon, Canada. … Pike’s Peak, Colorado. … Rogue River, Oregon. … Dahlonega, Georgia. … Atlin, British Columbia. … Feather River, California. The Feather River drains some of the richest areas in northern California.More items…

How much gold is extracted each year worldwide?

Each year, approximately 2500 tons of gold were mined throughout the world. South Africa leads the world in gold mining, and the U.S., Russia, Canada, and Australia are also major producers.

How much gold is in the ocean?

According to the National Ocean Service, our oceans hold some 20 million pounds of gold, suspended in normal seawater.

What rocks is gold found in?

Veins and reefs of gold-bearing quartz can occur in many types of rock, for example around granites, in volcanic rocks or in regions of black slate, but in most cases these host rocks are not the immediate source of the gold. Gold deposits have formed at many different times during Earth’s history.

Will gold ever run out?

Based on known reserves, estimates suggest that gold mining could reach the point of being economically unsustainable by 2050, though new vein discoveries will likely push that date back somewhat. … Fortunately, gold hasn’t run out yet and is widely considered a wise investment option for any investor.