{"id":5181,"date":"2025-02-15T23:15:51","date_gmt":"2025-02-15T21:15:51","guid":{"rendered":"https:\/\/www.dhcab.com\/?p=5181"},"modified":"2025-02-15T23:15:51","modified_gmt":"2025-02-15T21:15:51","slug":"how-much-gold-exists-for-every-person-on-earth","status":"publish","type":"post","link":"https:\/\/www.dhcab.com\/?p=5181","title":{"rendered":"How Much Gold Exists For Every Person On Earth?"},"content":{"rendered":"<div class=\"postie-post\">\n<div>\n<div dir=\"auto\">How Much Gold Exists For Every Person On Earth?<\/p>\n<p>Desired for millennia\u00a0because of its shine and rarity,\u00a0gold is still the safe haven asset\u00a0(with fairly\u00a0decent returns) in times of uncertainty.<br \/>This chart,\u00a0via Visual Capitalist&#8217;s Pallavi Rao,\u00a0examines a hypothetical question of how much gold there is in the entire world for every person. It divides all known reserves by current global population.<br \/>\ufffc<br \/>Data for this graphic is sourced from the\u00a0U.S. Geological Survey\u00a0and from the UN\u2019s\u00a0World Population Prospects 2024.<\/p>\n<p>There\u2019s Not a Lot of Gold for 8 Billion People<\/p>\n<p>Turns out, there really isn\u2019t a lot of gold in the world.<br \/>To date, only 244,000 metric tons of gold have ever been discovered. This includes historical production and current known discoveries.<br \/>That works out to about 30 grams (about\u00a0one troy ounce), or six gold rings, for every single human being on the planet.<br \/>\ufffc<br \/>Jewelry isn\u2019t the only use of gold (though it does account for the largest share of\u00a0above-ground use).<br \/>Central banks have quite a bit in their reserves, with\u00a0the U.S.\u00a0holding the most at roughly 8,000 tonnes. At sixth place\u00a0China\u00a0(2,200 tonnes) has been steadily increasing its reserves in the past year, in a bid to diversify foreign exchange reserves away from the U.S. Treasury bonds.<\/p>\n<p>Largest Gold Producers<\/p>\n<p>And then there\u2019s all the gold beneath the ground, spread out in\u00a0massive mines\u00a0across the world. Of them,\u00a0Australia\u00a0is home to two in the top 10, and is also the second-largest producer.<br \/>Who\u2019s the largest producer? That\u2019s\u00a0China\u2014even though it doesn\u2019t have any large mines on the same scale as those found in the U.S. and Australia. Instead it has numerous smaller ones, and coupled with efficient smelting infrastructure, ends up producing more volume.<br \/>Finally, South Africa held the\u00a0top supplier spot\u00a0between 1900\u20131970. Its production peaked at about 1,000 metric tons annually, the most by any country in a single year.<br \/>Need even more gold graphics? Good thing we have a few. Check out:\u00a0Visualizing Gold Consumption vs. Domestic Supply\u00a0to see which countries use the most gold.<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>How Much Gold Exists For Every Person On Earth? Desired for millennia\u00a0because of its shine and rarity,\u00a0gold is still the safe haven asset\u00a0(with fairly\u00a0decent returns) in times of uncertainty.This chart,\u00a0via Visual Capitalist&#8217;s Pallavi Rao,\u00a0examines a hypothetical question of how much gold there is in the entire world for every person. It divides all known reserves [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5182,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-5181","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-issues"],"_links":{"self":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/5181","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5181"}],"version-history":[{"count":0,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/5181\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/media\/5182"}],"wp:attachment":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}