Tuesday , January 26 2021

How much gold is on the ground?



For thousands of years, gold has been interesting and specially considered. I bought, traded and stored as a wealth for generations around the world. Over history, around 190,000 tonnes of gold have been exploited. To make an imagination exercise, that would mean a cube with a side of 21.4 meters.

In addition, research shows that there are still around 54,000 tonnes of underground gold reserve that are waiting to be exploited.

It is considered that this metal is so valuable, unlike other goods, almost all gold mining is available on the ground in the possession of a man.

Of total gold stock, over 90,000 tonnes, almost half of the total, are used in the jewelry sector. There are private investments where 40,000 tonnes are used, and governments have a total of 32,000 tonnes of gold.

Most of the gold is really used to make jewelery, but there are many industries that use more or less of this precious metal. We are talking about 27,000 tonnes here, most of us going to the IT industry. Electronic factories sometimes use up to 12% tons are removed annually.

It's happening, however, that most gold used for gadgets will reach the demolition of rubbish. 7% of the total gold that has been removed over time is now landfill. It was thrown away with electronic products that contain precious metals. And the amount of gold and waste could increase proportionally with telephone and table sales.

According to World Gold Council, by the year 2025 there will be two million tonnes of electronics in landfill worldwide, all with smaller or more amounts of gold and other valuable and rare materials.

Returning to gold reserves around the world, in addition to the unfinished 54,000 tonnes, it is estimated that at least 20 millions of tons of gold would have been abolished at sea. The huge amount that technology is not removed yet. Whoever will devise it will be the last alkaline.


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