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The World Gold Council estimates that miners have historically extracted a total of 201,296 tonnes of gold, leaving another 53,000 tonnes left in identified underground reserves.
If all of the above-ground gold were stacked beside each other, the resulting cube would only measure 22 meters on each side, which is a testament to the metal’s rarity. But where exactly is all of this mined gold?
Nearly half of all the gold ever mined is held in the form of jewelry. India and China have been the largest markets for gold jewelry consumption, combining for more than 50% of global jewelry demand in 2020.
| Jewelry | 93,253 | 46% | $5.8T |
| Private investment | 44,384 | 22% | $2.8T |
| Official holdings/Central banks | 34,211 | 17% | $2.1T |
| Other | 29,448 | 15% | $1.8T |
*Dollar values are based on gold’s price of $1756.66/oz as of close on Sept. 30, 2021.
vollständig:
https://www.visualcapitalist.c…uch-gold-is-in-the-world/
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