Activity Lesson 3

Using the website below, find out how much gold your country’s central bank currently holds in its reserves.

https://tradingeconomics.com/country-list/gold-reserves

Post the amount in tonnes and calculate the total current value in USD.

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Uk 535 680 000 gold value amount.

8134 tonnes
&
$523,016,200,000 for the USA

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South Africa = 125 tonnes = $7.7 Bn

U.S has 8134 metric tons

286,918,716 ounces of gold
x
$1745.40 / ounce price
= $500,187,926,906.40 total value of gold

Germany: 3364 tonnes (equal to 118.661.607,9984 oz), which have a value of about $205.284.581.840

In the US current posted reserves are 8134 tonnes at over $523 billion current value.

7.8 tonnes
in fiat, about 500 mil USD

Current price of Gold gives the US’s 8134 tons a street value of $488,908,383,237.

Portugal - 382 ton
google prices:
1 kg = 32.15 oz Spot price 54,983.48 1 kg = 32.15 oz Buy price 56,632.98

382000 kg => $21,003,689,360 spot price , or, buy price of $21,633,798,360

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united states has 8134 metric tons of gold
286,918,716 ounces of gold
x
$1745.40 / ounce price
= $500,187,926,906.40 total value of gold

Today I learned Norway isn’t holding any gold, interesting…

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Netherlands 612 tonnes of gold.
One ounce of gold at the moment is 1700$, times 32000 ounces = 54.400.000 per ton.
54.400.000 x 612 tonnes = 33292800000 dollars worth of gold.

$1734.85 - Current Price of an ounce of gold.
x 35274 = $61,195,098.9 (one ton)
UK has 310 tons
x 310 = $18,970,480,659

PortugaI 382t, I got 20.628 billions at the time of writing :slight_smile:

Wow Canada is hosed:
0 tonnes!?

Can that really be right?

According to the article above Canada had 77 oz in gold coin reserves in 2016:

77oz gold x $1708 USD/oz at current prices:
$131,516 USD

This is madness! This is actually rather worrying to me.

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31.5 Tonnes
around $1,732,500,000

Singapore: 127 tonne. aka USD$7,001,031,210.00

Poland 229t = USD$ 12.61 Bn
Switzerland 1040t = USD$ 57.28 Bn

US: 8134 Tonnes, @ $1709.00, roughly 406 Billion USD