GOLD VIDEO:
What Does One Tonne of Gold look like and how is it used? A total of 197,576 tonnes of gold exists above ground, as of 2019. This is equal to a cube with each side measuring roughly 21.7 meters. The world consumption of new gold produced is about 50% in jewelry, 40% in investments, and 10% in industry. Gold’s high malleability, ductility, resistance to corrosion and most other chemical reactions, and conductivity of electricity have led to its continued use in corrosion resistant electrical connectors in all types of computerized devices (its chief industrial use). Gold is also used in infrared shielding, colored-glass production, gold leafing, and tooth restoration. Certain gold salts are still used as anti-inflammatories in medicine. As of 2017, the world’s largest gold producer by far was China with 440 tonnes per year.
Gold Production
The World Gold Council states that as of the end of 2017, “there were 187,200 tonnes of stocks in existence above ground”. This can be represented by a cube with an edge length of about 21 meters. At $1,349 per troy ounce, 187,200 metric tonnes of gold would have a value of $8.9 trillion. According to the United States Geological Survey in 2016, about 5,726,000,000 troy ounces (178,100 t) of gold has been produced since the beginning of civilization, of which 85% remains in use.
In 2017, the world’s largest gold producer by far was China with 440 tonnes. The second-largest producer, Australia, mined 300 tonnes in the same year, followed by Russia with 255 tonnes. The video above shows One Tonne of Gold on each shelf of gold storage in the Bank of England.
info courtesy of WikiPedia
