Tuesday , January 31 2023

How much gold is on earth?


For thousands of years, gold has been coveted and considered special. It has been purchased, traded and stored as a property for generations throughout the world. Historically, about 190,000 tons of gold has been developed. To show your imagination, you mean a 21.4 meter cube.

According to the survey, about 54,000 tons of gold reserves are still waiting to be exploited.

This metal is deemed to be very valuable in that it is man-owned by virtually every ounce of gold that can be obtained from the earth unlike any other product.

More than 90% of the total gold reserves are used in the jewelery sector. There are private investments in which 40,000 tons are used, and the world government has a total gold reserves of 32,000 tons.

Most of the gold is used to make jewelry, but there are many industries that use this precious metal to some extent. We are talking about 27,000 tons here, and most are going to the IT industry. Electronic factories sometimes use up to 12% of the tonnage extracted each year.

However, most of the gold used in the gadget will reach the garbage pile. Over time, 7% of the extracted gold is landfilled. It was left as an electronic product containing precious metals. Wastes can be wasted in proportion to cell phone and tablet sales.

According to the World Gold Council, there will be 2 million tons of electronics in landfills worldwide by 2025, all of which have small quantities of gold or other valuable rare substances.

In addition to the untapped 54,000 tonnes, it is estimated that at least 20 million tons of gold will be dissolved in the sea when returning to gold reserves around the world. An enormous amount that does not yet have the technology to extract. Anyone will be the ultimate alchemist to invent it.

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