Friday , October 22 2021

How much gold is on the ground?


For thousands of years, gold was desirable and considered exceptional. It has been bought, sold and stored as wealth for generations around the world. About 190,000 tons of gold were exploited throughout history. Making the imagination would mean a cube with a side of 21.4 meters.

In addition, research shows that there are still some 54 000 tonnes of underground gold that is waiting to be used.

This metal is considered so valuable that, unlike other goods, almost every ounce of gold available on Earth is in man's possession.

Of the total gold stocks, over 90,000 tons, or almost half of the total, are used in the jewelry sector. There are private investments that use 40,000 tons, and governments around the world have a total reserve of 32,000 tons of gold.

It is true that most of the gold is used to make jewelry, but there are many industries that use more or less of this precious metal. We are talking about 27,000 tons, and the majority goes to the IT industry. In electronic factories, up to 12% of the tonnage mined is consumed annually.

It happens, however, that most of the gold used for gadgets will reach the garbage can. 7% of all gold mined in time is currently in landfills. Was thrown with electronic products containing precious metals. The amount of wasted gold may increase in proportion to sales by phone and tablet.

According to the World Gold Council, by 2025, two million tons of electronics will be stored in the world, all with smaller or larger amounts of gold and other valuable and rare materials.

Returning to gold reserves around the world, in addition to the unused 54.000 tons, it is estimated that at least 20 MILLION gold will be created in the sea. A huge amount for which there is no technology to extract. Whoever comes up with it will be the ultimate alchemist.

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