It has been estimated that all the gold mined by the end of 2011 totalled 171,300 tonnes. At a price of US$1,500 per troy ounce, reached on 12 April 2013, one tonne of gold has a value of approximately US$48.2 million. The total value of all gold ever mined would exceed US$8.2 trillion at that valuation.
However, there are varying estimates of the total amount of gold mined to date, mainly because gold has been mined for thousands of years around the world. Another reason is that some countries are not particularly open about how much gold they are mining. In addition, it is difficult to account for gold output in illegal mining activities.
Gold Reserves - Wartime Relevance (Example from World War II)
The outdoor ceremony was presided over by Todd Heyne, Employer Support of the Guard and Reserve (ESGR) volunteer, ALLO director and retired Navy captain ... Supportive managers and supervisors, like Sexton and Pierce, are critical to maintaining the strength and readiness of the nation’s Guard and Reserve units.”.
Spot gold was up 0.2% to $1,773.06/oz at 3.03am GMT, having earlier fallen to its lowest since February 19 at $1,764.90/oz ...The USFederalReserve’s comment that it is not concerned with rising bond yields has added to gold’s misery, PhillipFutures said in a note, adding that the $1,760/oz level continued to be a major support for the metal.
Gold bars are pictured on display at Korea Gold Exchange in Seoul ... gold futures fell 0.6% to $1,765.70 on Friday ...FederalReserve's comment that it is not concerned with rising bond yields has added to gold's misery, PhillipFutures said in a note, adding that the $1,760 level continued to be a major support for the metal.
RESERVES NOT A 'GOLD MOUNTAIN'. Mr Heng also warned that the reserves should not be treated like a "gold mountain", in responding to Non-Constituency MP Leong Mun Wai's suggestion to use 100 per cent of the returns from investing the reserves ... as a "gold mountain", said Mr Heng.
Mastercard’s decision to exclude Bitcoin from its payment servicers giant is understandable as Bitcoin has grown more popular as a digital gold store of value asset. Institutions like Microstrategy and Tesla are using it as a treasury reserve asset ... of its gold holdings.
An illegal gold mine on Indonesia’s Sulawesi island collapsed on nearly two dozen people who were working inside, killing six and leaving one worker missing, officials said Thursday. ... Much of the processing of gold ore involves the use of highly toxic mercury and cyanide by workers using little or no protection.
JAKARTA, Indonesia -- An illegal gold mine on Indonesia's Sulawesi island collapsed on nearly two dozen people who were working inside, killing six and leaving one worker missing, officials said Thursday ... Much of the processing of gold ore involves the use of highly toxic mercury and cyanide by workers using little or no protection.
Mumbai, Feb 26 (PTI) The country's foreign exchange reserves increased by USD 169 million to USD 583.865 billion in the week ended February 19, RBI data showed ... reserves ... The gold reserves declined by USD 977 million to USD 35.25 billion in the week, the RBI data showed.
Bengaluru — Gold eased on Thursday as US treasury yields hovered near a one-year peak, tarnishing bullion’s appeal, though a softer dollar and FederalReserve chair JeromePowell’s commitment to an accommodative policy limited its fall. Spot gold fell 0.5% to $1,794.67/oz by 3.24am GMT. US gold futures eased 0.1% to $1,795.80.