Wednesday , June 23 2021

How much gold is on earth?



For thousands of years, gold has been rewarded and considered as special. Purchased, traded and stored as a wealth for generations around the world. In the past, about 190,000 tons of gold were used. To perform the imagination, this would mean a 21.4-meter dice.

In addition, research shows that there are still about 54,000 tons of golden underground reserves waiting for exploitation.

This metal is considered so valuable that, unlike other products, almost every ounce of gold mining available on earth is owned by man.

Of the total gold reserves, over 90,000 tons are used in the jewelry sector, almost half of all. There are private investments where 40,000 tons are spent, while the world's governments have a total of 32,000 tons of gold.

It is true that most gold is used to make jewelry, but there are many industries that more or less use this precious metal. We are talking about 27,000 tonnes here, most of them in the IT industry. Electronic factories sometimes consume up to 12% of tonnes obtained annually.

However, it happens that most of the gold used for gadgets reaches the trash repository. 7% of all gold, which was eventually acquired, is now at landfills. It was deposited with electronic products containing precious metals. The amount of lost gold may be increased proportionally to the sale of your phone and tablet.

According to the World Gold Council, by 2020, two million tons of electronics will be dumped at landfills worldwide, all of which have smaller or larger amounts of gold and other valuable and rare materials.

Returning to gold reserves around the world, in addition to 54,000 tonnes of unused, it is estimated that more than 20 million tons of gold will be spent in the sea. A huge amount for which there is not yet a technology to be pulled out. Anyone who invents them will be the ultimate alchemist.


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