If you heard about Gold any person’s eyes light up. At the present cost of gold, the complete value of all the mined gold on the globe is still less than the US national debts. Gold generally measured in troy ounces. The total dollar value of the world’s gold is 1,65,000 metric tons at $1,600 per troy ounce. The best gauge at the end of 2011 is that around 1,65,000 metric tons have been mined in all of human history. National geographic Brook Larmer says that more than half of all humanity’s gold has been extracted in the past 50 years.
Approximately, 7 billion people are leaving just under 24 grams of gold to each person on the planet. In an ordinary male gold wedding band at 18 carat purity, there are about 5 grams of pure gold. That means every person on the earth could own about 5 gold rings.
The gold production in 1900 was about 400 metric tons per year and has systematically gone up over the years. In 2001 all time high was achieved with 2600 metric tons of gold production in world wide. The total 1,41,000 metric tons of gold mined from 1900 to the present. 52% of mined gold is used for jewellery making, 18% comprise official holdings as in central banks of nations, 16% is used in investments and 12% are used in industries and 2% are unexplained.
Lets see which country consume the gold most. India is the biggest consumer of gold. And China and United States are in second and third number respectively. Now lets discuss about the top countries for gold production. In this China is the top country which produces Gold and in second and third number United States and Australia respectively.
Nowadays, the price of gold is moving up rapidly. The trend since 1900 has been increasing gold prices with periodic sharp movements. In the last 10 years the price of gold has grown higher and mostly in last 12 months price of gold touching the sky. India, Taiwan and Portugal are the largest countries which reserves largest gold.
Approximately, 7 billion people are leaving just under 24 grams of gold to each person on the planet. In an ordinary male gold wedding band at 18 carat purity, there are about 5 grams of pure gold. That means every person on the earth could own about 5 gold rings.
The gold production in 1900 was about 400 metric tons per year and has systematically gone up over the years. In 2001 all time high was achieved with 2600 metric tons of gold production in world wide. The total 1,41,000 metric tons of gold mined from 1900 to the present. 52% of mined gold is used for jewellery making, 18% comprise official holdings as in central banks of nations, 16% is used in investments and 12% are used in industries and 2% are unexplained.
Lets see which country consume the gold most. India is the biggest consumer of gold. And China and United States are in second and third number respectively. Now lets discuss about the top countries for gold production. In this China is the top country which produces Gold and in second and third number United States and Australia respectively.
Nowadays, the price of gold is moving up rapidly. The trend since 1900 has been increasing gold prices with periodic sharp movements. In the last 10 years the price of gold has grown higher and mostly in last 12 months price of gold touching the sky. India, Taiwan and Portugal are the largest countries which reserves largest gold.
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