3 D comparison : Gold reserves by country, Gold Reserves in the world

A gold reserve is the gold held by a national central bank, intended mainly as a guarantee to redeem promises to pay depositors, note holders paper money), or trading peers, during the eras of the gold standard, and also as a store of value, or to support the value of the national currency. The World Gold Council estimates that all the gold ever mined, and that is accounted for, totaled 190, 040 metric tons 1 but other independent estimates vary by as much as At a price of US1, 250 per troy ounce (40 per gram), one metric ton of gold has a value of approximately 64. 3 million. The total value of all gold ever mined, and that is accounted for, would exceed 7. 5 trillion at that valuation. Copyrights Data world studio , gold, goldreserve, flags, flag, comparison