Thursday, August 11, 2011

Value of all the gold ever mined

If Wikipedia is to be believed: 'At the end of 2009, it was estimated that all the gold ever mined totaled 165,000 tonnes'. From
Let us extrapolate the figure to a optimistic maximum of 200,000 tonnes up till 2011. Then, going by the current rate of gold, the total value of all the gold ever mined comes to around 11 trillion dollars.

Now, although the two figures have nothing to do with each other, I found it rather surprising/shocking, that total value of all of the gold in the world is appreciably less, than the amount of debt the US government owes! (~14 trillion dollars)

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1 comment:

Vinit said...

US govt ne saglyana yeda 14 trillion dollars cha karja gheun baslet...tyana mhanav jara pakistan la madat kami kara...aani tya aaivaji karja feda