How much gold is there in the World
The amount of gold in the world is finite and it is said that a total of 161,000 tonnes of gold have been mined in human history, as of 2009. Much of this is believed to be still in existence.
Gold Facts (& interesting information)
If all the gold ever produced in the world was formed into a single block its is said that it would form a cube with edges measuring 19 meters long.
- 75 % would be made up of all the privately held gold coins, bars and jewellery in the world.
- The other 25% being the World's monetary gold reserve, of which America’s gold reserve makes up one quarter. Fort Knox hides only a modest amount in comparison.
It is estimated that approximately 50,000 tonnes (about a third of what is already out) remains un-mined and would cost in excess of $300 an ounce to extract. The mining industry consensus is that large mineral deposit discoveries are now a thing of the past.
Recycling Gold: Recycling old gold reduces the pressure to continue mining and there reduces the impact on the environment.
Biting Gold: There is an age-old tradition of biting gold in order to test its authenticity. Although this is certainly not a professional way of examining gold, the bite test should score the gold because gold is a soft metal, as indicated by its score on the Mohs' scale of mineral hardness. The purer the gold the easier it should be to mark it.
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