How Many Years Will the World’s Gold Reserves Have Been Announced

Gold has taken its place in our lives as a mineral that has been used since 4000 BC. in various fields continues to carry on. Gold, which was initially used in the production of decorative items, later began to be used as jewelry. After a while trades was made with gold. About 2500 years ago gold coins was being produced.

What made gold such a valuable metal was not its brilliance and color. Limited number of reserves it was. known reserves. four out of 5 removed, only one-fifth remained. According to the analysis based on data from the World Gold Council, total deposits from mines throughout history 201 thousand 296 tons gold is mined, the remaining gold in reserves 53 thousand tons. percent of gold A portion of 80 was consumed.

So What Happened To The Tons Of Gold Extracted So Far?

• Almost all of the gold half jewel shaped being held. Global jewelery demand owns more than 50 percent India and China are among the countries with the largest markets for gold jewelry production.
• gold especially investment tool is also used a lot. In gold-backed mutual funds More than 44 thousand tons of gold is held.
• Apart from investors central banks they have gold. The reason central banks hold gold is to diversify their assets and to protect against changes in the exchange rate. Of course, while doing this, the gold on earth almost one in five owners and gold in their hands 35 thousand tons exceeds.
• Gold, which has a high use in fields such as electronic instruments, dentistry and space studies, is approximately 30 tons also in these areas.

18 Years Will Be Enough…

Size of gold reserves as of 2020 53 thousand tons declared as. The leaders of the reserves are Australia, Russia, USA, China and Peru. These countries are known to be the world’s largest gold producers. Calculations show that if no new investments are made and no new gold reserves are found, it will only take 18 years for the remaining gold to run out. This period is before the investments made. as 16 years was calculated. Gold producers have a big role in this. If gold is invested and discoveries and new reserves are found can increase the amount of gold.

As reserves begin to run out recycling activities will accelerate and The gold supply will decrease. Data from the Australian Government’s Department of Industry, Science and Resources (DISER) also predicts that the global gold supply will gradually decline. Obviously, we will have to strive to prolong the life of gold.

What do you think we will wear at weddings when the gold reserves are depleted? So what do you think about this subject?