Saturday , June 10 2023

How much gold is on the ground?


Thousands of gold has been crafted and considered to be special. It is bought, traded and stored as a wealth for generations around the world. In the course of history, around 190,000 tons of gold have been used. To use the imagination, it would mean a cube with 21.4 meters.

In addition, research shows that there are still some 54,000 tonnes of gold reserves in the underground, waiting to be exploited.

This metal is considered so precious that, unlike other goods, almost every golden ounce on Earth is humanly owned.

Of the total amount of gold in the jewelery sector, more than 90,000 tons are used, which is almost half of the total. There are private investments with 40,000 tons and global governments have a total of 32,000 tons of gold reserves.

It is true that most gold is used to make jewelery, but there are many industries that more or less use this precious metal. Here we are talking about 27 000 tonnes, and most of them are in the IT industry. Electronic factories are sometimes used annually up to 12%.

However, it happens that most gadgets will reach the garbage dump for gold gadgets. 7% of all gold produced over time is in landfills. It was thrown away with electronic products containing precious metals. And the amount of gold spent could increase proportionally in terms of sales of phones and tablets.

According to the World Gold Council, there will be two million tonnes of electronics worldwide by 2025, all of which contain less or more quantities of gold and other precious and rare materials.

Returning to gold reserves around the world, an additional 54,000 tonnes of unused quantities, it is estimated that at least 20 million tonnes of gold will be released in the sea. A huge amount for which no technology has yet been obtained. Whoever will invent it will be the main alchemist.

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