all the world's gold

8/3/2019 All the World's Gold

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SOURCE: http://goldratefortoday.org/world-gold-production-1900-2010.

Year World Production (inmetric tons)

Average Price Total Dollar Value by Year Troy Ounces per Year

1900 386 $ 18.96 $235,297,168.04 12,410,188.19

1901 395 $18.98 $241,037,362.33 12,699,544.91

1902 451 $18.97 $275,064,748.01 14,499,986.72

1903 496 $18.95 $302,191,297.44 15,946,770.31

1904 526 $18.96 $320,638,109.81 16,911,292.71

1905 575 $18.92 $349,767,972.26 18,486,679.30

1906 608 $18.90 $369,450,659.33 19,547,653.931907 623 $18.94 $379,366,592.60 20,029,915.13

1908 668 $18.95 $406,983,440.91 21,476,698.73

1909 687 $18.96 $418,780,192.85 22,087,562.91

1910 689 $18.92 $419,113,274.59 22,151,864.41

1911 699 $18.92 $425,196,195.84 22,473,371.87

1912 705 $18.93 $429,072,611.36 22,666,276.35

1913 694 $18.92 $422,154,735.22 22,312,618.14

1914 663 $18.99 $404,789,795.47 21,315,945.00

1915 704 $18.99 $429,822,045.27 22,634,125.61

1916 685 $18.99 $418,221,734.38 22,023,261.42

1917 631 $18.99 $385,252,429.78 20,287,121.10

1918 578 $18.99 $352,893,667.85 18,583,131.53

1919 550 $19.95 $352,774,067.07 17,682,910.63

1920 507 $20.68 $337,092,861.92 16,300,428.53

1921 498 $20.58 $329,507,857.78 16,011,071.81

1922 481 $20.66 $319,496,758.31 15,464,509.11

1923 554 $21.32 $379,741,470.30 17,811,513.62

1924 592 $20.69 $393,797,776.72 19,033,241.99

1925 591 $20.64 $392,182,523.21 19,001,091.24

1926 602 $20.63 $399,288,481.22 19,354,749.45

1927 597 $20.64 $396,164,071.66 19,193,995.72

1928 603 $20.66 $400,533,358.13 19,386,900.20

1929 609 $20.63 $403,931,370.54 19,579,804.68

1930 648 $20.65 $430,215,570.40 20,833,683.80

1931 695 $17.06 $381,201,757.21 22,344,768.89

1932 754 $20.69 $501,560,006.15 24,241,662.94

1933 793 $26.33 $671,297,622.28 25,495,542.05

1934 841 $34.69 $937,975,205.02 27,038,777.89

1935 924 $34.84 $ 1,035,001,978.67 29,707,289.86

1936 1,030 $34.87 $ 1,154,729,429.96 33,115,269.00

1937 1,100 $34.79 $ 1,230,376,921.64 35,365,821.26

1938 1,170 $34.85 $ 1,310,930,617.24 37,616,373.52

1939 1,230 $34.42 $ 1,361,153,298.51 39,545,418.32

1940 1,310 $33.85 $ 1,425,676,631.86 42,117,478.05

1941 1,080 $33.85 $ 1,175,366,994.20 34,722,806.33

1942 1,120 $33.85 $ 1,218,899,105.10 36,008,836.19

1943 896 $33.85 $975,119,284.08 28,807,068.95


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. , , . , , .

1945 762 $34.71 $850,355,739.84 24,498,868.91

1946 860 $34.71 $959,719,076.46 27,649,642.08

1947 900 $34.71 $ 1,004,357,173.04 28,935,671.94

1948 932 $34.71 $ 1,040,067,650.30 29,964,495.83

1949 964 $31.69 $982,178,302.00 30,993,319.72

1950 879 $34.72 $981,204,777.40 28,260,506.26

1951 883 $34.72 $985,669,873.08 28,389,109.25

1952 868 $34.60 $965,576,942.49 27,906,848.05

1953 864 $34.84 $967,794,057.97 27,778,245.06

1954 965 $35.04 $ 1,087,132,485.23 31,025,470.471955 947 $35.03 $ 1,066,549,898.77 30,446,757.03

1956 978 $34.99 $ 1,100,205,621.82 31,443,430.17

1957 1,020 $34.95 $ 1,146,141,965.54 32,793,761.53

1958 1,050 $35.10 $ 1,184,915,765.94 33,758,283.93

1959 1,130 $35.10 $ 1,275,195,062.40 36,330,343.66

1960 1,190 $35.27 $ 1,349,408,630.77 38,259,388.45

1961 1,230 $35.25 $ 1,393,975,995.71 39,545,418.32

1962 1,290 $35.23 $ 1,461,145,335.51 41,474,463.11

1963 1,340 $35.09 $ 1,511,747,395.58 43,082,000.44

1964 1,390 $35.10 $ 1,568,602,775.87 44,689,537.77

1965 1,440 $35.12 $ 1,625,953,277.65 46,297,075.10

1966 1,450 $35.13 $ 1,637,710,805.68 46,618,582.57

1967 1,420 $34.95 $ 1,595,609,403.01 45,654,060.17

1968 1,440 $39.31 $ 1,819,938,022.34 46,297,075.101969 1,450 $41.28 $ 1,924,415,088.49 46,618,582.57

1970 1,480 $36.02 $ 1,713,943,440.95 47,583,104.97

1971 1,450 $40.62 $ 1,893,646,823.99 46,618,582.57

1972 1,390 $58.42 $ 2,610,762,796.76 44,689,537.77

1973 1,350 $97.39 $ 4,227,067,635.35 43,403,507.91

1974 1,250 $ 154.00 $ 6,189,018,720.50 40,188,433.25

1975 1,200 $ 160.86 $ 6,206,122,917.69 38,580,895.92

1976 1,210 $ 124.74 $ 4,852,685,798.37 38,902,403.39

1977 1,210 $ 147.84 $ 5,751,331,316.59 38,902,403.39

1978 1,210 $ 193.40 $ 7,523,724,814.85 38,902,403.39

1979 1,210 $ 306.00 $ 11,904,135,436.12 38,902,403.39

1980 1,220 $ 615.00 $ 24,122,705,173.98 39,223,910.85

1981 1,280 $ 460.00 $ 18,930,359,598.08 41,152,955.65

1982 1,340 $ 376.00 $ 16,198,832,166.94 43,082,000.441983 1,400 $ 424.00 $ 19,084,683,181.76 45,011,045.24

1984 1,460 $ 361.00 $ 16,945,372,503.00 46,940,090.04

1985 1,530 $ 317.00 $ 15,593,433,608.47 49,190,642.30

1986 1,610 $ 368.00 $ 19,048,674,345.57 51,762,702.03

1987 1,660 $ 447.00 $ 23,856,496,992.13 53,370,239.36

1988 1,870 $ 437.00 $ 26,273,268,614.05 60,121,896.14

1989 2,010 $ 381.00 $ 24,621,363,253.75 64,623,000.67

1990 2,180 $ 383.51 $ 26,879,689,566.27 70,088,627.59

1991 2,160 $ 362.11 $ 25,146,950,798.86 69,445,612.66

1992 2,260 $ 343.82 $ 24,982,197,512.99 72,660,687.32

1993 2,280 $ 359.77 $ 26,372,472,957.76 73,303,702.25

1994 2,260 $ 384.00 $ 27,901,703,929.34 72,660,687.32

1995 2,230 $ 383.79 $ 27,516,271,133.88 71,696,164.92

1996 2,290 $ 387.81 $ 28,552,592,579.19 73,625,209.71

1997 2,450 $ 331.02 $ 26,074,223,341.85 78,769,329.17

1998 2,500 $ 294.24 $ 23,650,089,198.96 80,376,866.50

1999 2,570 $ 278.98 $ 23,051,397,286.22 82,627,418.76

2000 2,590 $ 279.11 $ 23,241,610,748.33 83,270,433.69

2001 2,600 $ 271.04 $ 22,656,759,732.01 83,591,941.16

2002 2,550 $ 309.73 $ 25,393,029,398.27 81,984,403.83

2003 2,540 $ 363.38 $ 29,674,663,280.75 81,662,896.36

2004 2,420 $ 409.72 $ 31,878,185,430.62 77,804,806.77

2005 2,470 $ 444.74 $ 35,317,845,915.92 79,412,344.10

2006 2,370 $ 603.46 $ 45,982,004,217.47 76,197,269.44


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2007 2,360 $ 695.39 $ 52,763,246,120.49 75,875,761.98

2008 2,290 $ 871.96 $ 64,198,237,862.22 73,625,209.71

2009 2,450 $ 972.35 $ 76,591,357,218.45 78,769,329.17

2010 2,500 $ 1,224.53 $ 98,423,884,335.25 80,376,866.50

2011 2,500* $1,560.85** $ 125,456,232,076.53 80,376,866.50

*Estimated value for 2011.

**Cumulative average thru November 22, 2011, http://www.kitco.com/scripts/hist_charts/yearly_graphs.plx.

SOURCE: This table thru 2009 appears here: http://minerals.usgs.gov/ds/2005/140/gold.pdf.

3. But didnt the Spanish get lots and lots of gold from the New World, especially from the AztecsIncas?

In fact, the Spanish got much more silver than gold from the New World. In the 16th century, when production was in full swing, the Spanish only got 154tons of gold, whereas they got 7440 metric tons of silver. Gold production in the new world for the entire the 16thcentury was thus less than half of what itworldwide in 1900. Here is a comparison, decade by decade, of Spanish gold and silver production in the New World in the 16th century:

Year value in millions of pesos gold (in metric tons) silver (in metric tons)

1503-1510 1.18 5 0

1511-1520 2.18 9.2 0

1521-1530 1.17 4.9 0

1531-1540 5.58 14.5 86

1541-1550 10.46 25 178

1551-1560 17.86 42.6 303

1561-1570 25.34 11.5 943

1571-1580 29.15 9.4 1119

1581-1590 53.2 12.1 2103

1591-1600 69.6 19.5 2708

SOURCE: http://mygeologypage.ucdavis.edu/cowen/~GEL115/115ch8.html

4. How much gold, really, is 165,000 metric tons (the total mined throughout human history) and metric tons (the total thats currently mined annually)?

An Olympic swimming pool is 50 by 25 by 2 meters. It therefore contains 2,500 cubic meters of water. Each cubic meter of water is one metric ton. Gold itimes as dense as water. Therefore an Olympic swimming pool would contain 48,250 metric tons of gold. It follows that 3.42 Olympic-sized swimming pocontain all the gold thats ever been mined. Another way to imagine this is to think of all the gold in the world ever mined as a single cube. That would be with each side just over 20 meters, or 67 feet, in length. Given that about 2,500 metric tons of gold is mined each year, this annual production of gold woulcube whose sides were 5 meters, or 16.6 feet, in length. All the production of gold in the world for a given year would thus fit in a 20 by 30 foot room withceiling.

5. Given 165,000 metric tons as an upper bound on available gold, how much does that leave to eahuman on the planet?

Humanity has just hit the 7 billion mark. That leaves just under 24 grams of gold to each person on planet earth, or .76 troy ounces or .83 ordinary ounces pperson. In an ordinary male gold wedding band at 18-karat purity, there are about 5 grams of pure gold. That means every person on planet earth could owgold rings. At the current price of $1,750.00 per troy ounce of gold, that leaves $1,326.00 in gold for each person on planet earth. Gold production has inca factor of 2.1 from 1959 to 2010. At the same time, the world population has been multiplied by a factor 2.2. Thus we produced more or less the same amogold per inhabitant as in 1959. [QUOTE SOURCE: http://news.goldseek.com/Dani/1309290922.php)

6. How does the gold thats mined get used?


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, , ,industrial uses, leaving 2 percent unaccounted for.

SOURCE: http://dollardaze.org/blog/?post_id=00479&cat_id=20

7. Which nations consume the most gold?

Since jewelry is the most common use of gold, gold consumption worldwide is most easily gauged by gold jewelry consumption. India is in this respect faraway the biggest consumer of gold. Here are the data for 2009 and 2010 of gold jewelry consumption by country in metric tons:

Country 2010 2009 % Change

India 745.7 442.37 69

Greater China 428 376.96 14

United States 128.61 150.28 -14

Turkey 74.07 75.16 -1

Saudi Arabia 72.95 77.75 -6

Russia 67.5 60.12 12

United Arab Emirates 63.37 67.6 -6

Egypt 53.43 56.68 -6

Indonesia 32.75 41 -20

United Kingdom 27.35 31.75 -14

Other Gulf Countries 21.97 24.1 -10

Japan 18.5 21.85 -15

South Korea 15.87 18.83 -16

Vietnam 14.36 15.08 -5

Thailand 6.28 7.33 -14

Total 1805.6 1508.7 20

Other Countries 254 251.6 1

World Total 2059.6 1760.3 17

SOURCE: See Full Year 2010 Gold Demand Trends Report availableat http://www.gold.org/media/press_releases/archive/2011/02/global_gold_demand_in_2010_reached_a_10_year_high_in_tonnage_and_all_time_high_inwell as http://www.forexyard.com/en/news/Gold-jewellery-consumption-by-country-2011-02-28T130619Z-FACTBOX.

8. Where does the worlds gold get produced?

Here is the breakdown of 100 top gold-producing nations in the world for 2009. China sits at the top, with the United States the runner up:

2009 Production by Country 2009 (in kilograms)

1 China 320,000

2 United States 223,000

3 Australia 222,000

4 South Africa 197,698


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5 Russian Federation 190,693

6 Peru 182,391

7 Indonesia 130,000

8 Canada 97,367

9 Uzbekistan 90,000

10 Ghana 86,000

11 Papua New Guinea 66,000

12 Brazil 60,000

13 Mexico 51,393

14 Colombia 47,837

15 Argentina 47,000

16 Mali 42,000

17 Chile 40,834

18 Tanzania, United Republic Of 40,000

19 Philippines 37,047

20 Kazakhstan 22,000

21 Guinea 18,083

22 Kyrgyzstan 16,950

23 Burkina Faso 13,500

24 New Zealand 13,442

25 Suriname 12,193

26 Turkey 12,000

27 Venezuela 10,500

28 Mongolia 9,80329 Guatemala 8,485

30 Guyana 8,183

31 Mauritania 8,000

32 Japan 7,000

33 Finland 7,000

34 Bolivia 7,000

35 Cte D'ivoire 6,573

36 Senegal 5,600

37 Saudi Arabia 5,500

38 Sweden 5,000

39 Lao People's Democratic Republic 5,000

40 Zimbabwe 4,200

41 Bulgaria 4,200

42 Spain 3,45043 Nicaragua 3,400

44 Ethiopia 3,400

45 Viet Nam 3,000

46 Thailand 3,000

47 India 2,800

48 Malaysia 2,794

49 Uruguay 2,180

50 Honduras 2,127

51 Ecuador 2,092

52 Namibia 2,022

53 Congo, The Democratic Republic Of The 2,000

54 Korea, Democratic People's Republic Of 2,000

55 French Guiana 2,000

56 Niger 2,00057 Georgia 2,000

58 Botswana 2,000

59 Sudan 1,922

60 Cameroon 1,600

61 Uganda 1,600

62 Zambia 1,500

63 France 1,500

64 Tajikistan 1,361

65 Morocco 1,200

66 Denmark 1,117


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67 Fiji 1,040

68 Algeria 1,010

69 Armenia 944

70 Poland 814

71 Panama 800

72 Burundi 750

73 Liberia 600

74 Mozambique 511

75 Serbia 500

76 Costa Rica 500

77 Greece 50078 Italy 450

79 Iran, Islamic Republic Of 400

80 Romania 400

81 Azerbaijan 353

82 Gabon 300

83 Kenya 300

84 Nigeria 200

85 Sierra Leone 200

86 Equatorial Guinea 200

87 Slovakia 200

88 United Kingdom 185

89 Korea, Republic Of 175

90 Dominican Republic 173

91 Myanmar 100

92 Chad 100

93 Congo 100

94 Madagascar 70

95 Eritrea 30

96 Oman 28

97 Rwanda 20

98 Benin 20

99 Central African Republic 10

100 Belize 5

SOURCES: http://www.indexmundi.com/minerals/?product=gold&graph=productionand http://www.indexmundi.com/en/commodities/minerals/gold/gold_t8.html. Seealso http://www.dani2989.com/gold/goldproduction2011gb.html.

9. Whats happening with gold prices?

The trend since 1900 has been rising gold prices with occasional sharp volatility. See the table in question 2 for the history of gold prices from 1900 to the Here is a graph of gold prices over the last fifty years, which includes also gold prices adjusted for inflation:


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SOURCES: http://en.wikipedia.org/wiki/File:Gold_price_in_USD.pngand http://minerals.usgs.gov/ds/2005/140/gold.pdf.

Heres whats happened with gold prices in the last decade:

SOURCE: http://www.kitco.com.

Heres whats happened with gold in the last year (2011):

SOURCE: http://www.kitco.com.

10. Whos got the gold thats used for monetary and investment purposes and how much of this ty

gold is out there?

In 2011, about 2,100 metric tons of gold appeared in what are known as exchange-traded funds (ETFs). The lions share was in one fund: 1,240 metric tonSPDR Gold Shares (http://www.spdrgoldshares.com). As of 2009, the International Monetary Fund (IMF) held 3,217 metric tons of gold. In 2010, the centof nations held a total of 28,398 metric tons of gold. Here is the breakdown:

Gold Reserves in CentralBanks

metric tons % of forexreserves

value @ $1750 pertroy oz.

1 United States USA8,133.50

74.70% $457,621,670,574.43

2 Germany3,401.00

71.70% $191,353,206,076.55

3 Italy2,451.80

71.40% $137,947,600,899.29

4 France2,435.40

66.10% $137,024,874,471.87

5 China 1.70% $59,307,678,484.36


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1,054.10

6 Switzerland1,040.10

16.40% $58,519,985,192.66

7 Qatar950.30

7.10% $53,467,495,364.47

8 Russia775.20

6.70% $43,615,702,837.56

9 Japan765.20

3.00% $43,053,064,772.06

10 Netherlands615.50

59.40% $34,630,372,931.53

11 India614.80

8.10% $34,590,988,266.94

12 Republic of China (Taiwan)466.90

4.60% $26,269,571,278.20

13 Portugal421.60

81.10% $23,720,820,841.48

14 Venezuela401.10

52.40% $22,567,412,807.21

15 Saudi Arabia322.90

3.00% $18,167,583,135.00

16 Iran -- Islamic Republic of Iran320.00

0.00% $18,004,418,096.00

17 United Kingdom310.30

16.80% $17,458,659,172.47

18 Lebanon

300.00

27.60% $16,879,141,965.00

19 Spain281.60

38.60% $15,843,887,924.48

20 Austria280.00

56.20% $15,753,865,834.00

21 Belgium227.50

36.80% $12,800,015,990.13

22 Pakistan184.40

19.20% $10,375,045,927.82

23 Philippines175.90

14.00% $9,896,803,572.15

24 Algeria173.60

4.50% $9,767,396,817.08

25 Libya143.80

5.60% $8,090,735,381.89

26 Singapore127.40

2.50% $7,168,008,954.47

27 Sweden125.70

11.10% $7,072,360,483.34

28 South Africa124.90

12.20% $7,027,349,438.10

29 Turkey116.10

6.00% $6,532,227,940.46

30 Greece111.70

78.70% $6,284,667,191.64

31 Romania103.70

9.10% $5,834,556,739.24

32 Poland102.90

4.50% $5,789,545,694.00

33 Mexico

100.10

3.80% $5,632,007,035.66

34 Thailand99.50

2.50% $5,598,248,751.73

35 Australia79.90

8.10% $4,495,478,143.35

36 Kuwait79.00

13.50% $4,444,840,717.45

37 Egypt75.60

8.70% $4,253,543,775.18

38 Indonesia73.10

3.60% $4,112,884,258.81


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67.30

. , , , .

40 Denmark66.50

3.30% $3,741,543,135.58

41 Argentina54.70

4.50% $3,077,630,218.29

42 Finland49.10

20.60% $2,762,552,901.61

43 Bulgaria39.90

9.90% $2,244,925,881.35

44 Malaysia

36.40

1.50% $2,048,002,558.42

45 Peru34.70

3.60% $1,952,354,087.29

46 Belarus32.00

24.50% $1,800,441,809.60

47 Brazil33.60

0.50% $1,890,463,900.08

48 Slovakia31.80

65.40% $1,789,189,048.29

49 Bolivia28.30

13.40% $1,592,265,725.37

50 Ukraine27.20

3.50% $1,530,375,538.16

51 Ecuador26.30

31.00% $1,479,738,112.27

52 Syria25.80

0.00% $1,451,606,208.99

53 Morocco22.00

4.20% $1,237,803,744.10

54 Nigeria21.40

0.00% $1,204,045,460.17

55 Sri Lanka Sri Lanka17.50

11.90% $984,616,614.63

56 South Korea South Korea14.40

0.20% $810,198,814.32

57 Cyprus13.90

50.80% $782,066,911.05

58 Bangladesh13.50

5.20% $759,561,388.43

59 Serbia13.10

4.20% $737,055,865.81

60 Netherlands Antilles13.10

36.30% $737,055,865.81

61 Jordan12.80

4.30% $720,176,723.84

62 Czech Republic12.70

1.20% $714,550,343.19

63 Cambodia12.40

14.40% $697,671,201.22

64 Laos8.80

36.50% $495,121,497.64

65 Latvia7.70

4.00% $433,231,310.44

66 El Salvador7.30

10.60% $410,725,787.82

67 Guatemala 6.90 5.30% $388,220,265.20

68 Colombia6.90

1.10% $388,220,265.20

69 Republic of Macedonia,Former Yugoslav Republic ofMacedonia

6.80

12.70% $382,593,884.54

70 Tunisia6.80

0.00% $382,593,884.54

71 Ireland6.00

11.80% $337,582,839.30

72 Lithuania 3.80% $326,330,077.99


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.

73 Bahrain4.70

0.00% $264,439,890.79

74 Mauritius3.90

6.80% $219,428,845.55

75 Canada3.40

0.20% $191,296,942.27

76 Tajikistan3.30

0.00% $185,670,561.62

77 Slovenia3.20

13.40% $180,044,180.96

78 Aruba3.10

17.70% $174,417,800.31

79 Hungary3.10

0.30% $174,417,800.31

80 Kyrgyzstan2.60

6.50% $146,285,897.03

81 Luxembourg2.20

11.70% $123,780,374.41

82 Hong Kong2.10

0.00% $118,153,993.76

83 Suriname2.00

11.40% $112,527,613.10

84 Iceland2.00

1.60% $112,527,613.10

85 Papua New Guinea2.00

2.90% $112,527,613.10

86 Trinidad and Tobago1.90

0.80% $106,901,232.45

87 Albania1.60

2.80% $90,022,090.48

88 Yemen1.60

1.10% $90,022,090.48

89 Cameroon0.90

1.20% $50,637,425.90

90 Mongolia0.90

2.40% $50,637,425.90

91 Honduras0.70

0.00% $39,384,664.59

92 Paraguay0.70

0.70% $39,384,664.59

93 Dominican Republic

0.60

1.00% $33,758,283.93

94 Gabon0.40

0.80% $22,505,522.62

95 Malawi0.40

6.20% $22,505,522.62

96 Central African Republic0.30

8.40% $16,879,141.97

97 Chad0.30

2.40% $16,879,141.97

98 Republic of the Congo0.30

0.40% $16,879,141.97

99 Uruguay0.30

0.10% $16,879,141.97

100 Fiji0.20

0.00% $11,252,761.31

SOURCES: http://www.gold.org/investment/statistics/reserve_asset_statistics and http://af.reuters.com/article/southAfricaNews/idAFLDE7551YW20110

================

ADDITIONAL SOURCES:

http://money.howstuffworks.com/question213.htm[neat article on the worlds gold, titled All the Gold in the World, provides some background for thisinfographic]

http://www.forbes.com/sites/afontevecchia/2010/11/19/how-many-olympic-sized-swimming-pools-can-we-fill-with-billionaire-gold [describes how worldfills 3.27 Olympic-sized swimming pools with gold, at 157,000 metric tons of above-ground gold in 2007 these numbers have since increased, as reflecte


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all the world's gold

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