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Saint
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I need to know that,
according to physics, we know the total mass of the earth,
so, how much gold , in kg, do we have ?
according to physics, we know the total mass of the earth,
so, how much gold , in kg, do we have ?
Originally posted by russ_watters
Sticky? Why? Google: http://www.bractwo.bbk.pl/strony/ang/ozlocie.htm
It says all the gold in the world would fit into a cube of 10m.
At a density of 19,300 kg/m^3, that's 19 million kg. In dollars, that's around $130 billion.
Sorry. I didn't feel like looking up the current price of gold. But with $370 / oz, I am still getting $251 BILLION, not trillion. Maybe my math is still wrong.Originally posted by Creator
Excuse ?, Russ. That $ figure seems quite low; I can almost assure you that the governments of the world already possesses over $130 billion worth of gold.
Using your total of 10 cu. meters, and a value of $370 per ounce, I get a figure of around 233 trillion dollars! as the total value. (;)
Creator
Originally posted by russ_watters
Sorry. I didn't feel like looking up the current price of gold. But with $370 / oz, I am still getting $251 BILLION, not trillion. Maybe my math is still wrong.
19 million kg * 2.2 lb/kg * 16 oz/lb * $370 / oz = $251 billion
Originally posted by russ_watters
Sticky? Why? Google: http://www.bractwo.bbk.pl/strony/ang/ozlocie.htm
It says all the gold in the world would fit into a cube of 10m.
At a density of 19,300 kg/m^3, that's 19 million kg. In dollars, that's around $130 billion.
Originally posted by ShawnD
10m^3 is only 3.3m x 3.3m x 3.3m, that's like 10 feet x 10 feet x 10 feet.
The estimated amount of gold in the earth's crust is approximately 11 billion tons. However, this is spread throughout the entire crust and is not easily accessible.
It is difficult to determine the exact amount of gold left to be mined, as it is constantly being discovered and extracted. However, experts estimate that approximately 54,000 tons of gold are still present in the earth's crust.
Gold is typically found at depths of 1,000 feet or less in the earth's crust. However, some deposits may be found at depths of up to 2 miles.
The top three countries with the largest gold reserves are the United States, Germany, and Italy. South Africa, Russia, and Australia also have significant gold reserves.
Based on current rates of production and consumption, it is estimated that the world's gold supply will last for another 20 years. However, new discoveries and advancements in technology may extend this timeline.