Have you ever wondered how much gold there is in the world? As of the beginning of 2012, the answer to this question is 165,000 metric tons, which amounts to a value of over 8.4 trillion dollars. Unfortunately, new discoveries of gold are becoming more and more rare because much of the earth's gold reserves have already been mined.
The good news, however, is that a few thousand metric tons of gold are still being mined each year. So the gold production industry is still alive and functioning. Of the world's countries, China produces the most gold, followed by the United States, Australia, and South Africa. Most gold is used to make jewelry but it is also used for holdings and investments as well as industrial use.
Speaking of investments, gold prices have increased dramatically over the past 10 years. Many financial experts believe that the price of gold will continue to increase, making gold a very attractive investment.
From: http://www.numbersleuth.org
The good news, however, is that a few thousand metric tons of gold are still being mined each year. So the gold production industry is still alive and functioning. Of the world's countries, China produces the most gold, followed by the United States, Australia, and South Africa. Most gold is used to make jewelry but it is also used for holdings and investments as well as industrial use.
 |
| An Infographics about the available gold in the world and how it is being utilized. |
Speaking of investments, gold prices have increased dramatically over the past 10 years. Many financial experts believe that the price of gold will continue to increase, making gold a very attractive investment.