Gold: How Much is There?

July 6th, 2012
in econ_news, syndication

Econintersect:  With everybody watching the remarkable rise in the price of gold over the past ten years, how many know that much about the metal as a Gold-nuggetcommodity?  How much is there?  How much has already been mined?  Who in the world is using the metal and why?

One example of surprising information is that the U.S., the wealthiest country in the world by far, was only third ranked in consumption in 2010.  India, with not quite four times the population of the U.S., consumed almost six time as much gold in 2010 as did the USA.  China also consumes more gold than the U.S., but not more on a per capita basis in spite of the fact that China is the world's largest gold producer.  More than 50% of the world's gold is used in jewelry.

Another fact derived from U.S. Geological survey data is that more than half of all the gold mined in the history of the world has been extracted in the last 50 years and 85% since 1900.  An info graphic follows Read more...

Follow up:

The following info graphic from Number Sleuth reviews data concerning the amounts and usages of gold and how those are distributed around the world.

Click on info graphic for larger image.

From: Number Sleuth

John Lounsbury


All the World's Gold (Number

Gold Statistics (U.S. Geological Survey, 2 November 2010)


Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.



Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved