The Total Value of All Gold in the World: A Comprehensive Breakdown

According to recent global assessments and market analyses, the total value of all the gold in the world is estimated to be approximately 13.7 trillion USD. This intriguing figure is based on the ongoing production, historical mining data, and current market prices. Let's delve deeper into the valuation and supply of gold to gain a comprehensive understanding of its global worth.

Estimating the Total Gold Value

In the latest assessment, it is estimated that there are around 197.576 metric tons of gold ever mined as of the end of 2019. By multiplying this historical figure with the current market price of gold, we can arrive at an approximate valuation. As of the time of this writing, the spot price of gold is around 1800 USD per troy ounce. Consequently, the estimated total value of all the gold in the world can be calculated as:

197,576 metric tons x 32.15074656 troy ounces per metric ton 6,352,168.4 troy ounces

6,352,168.4 troy ounces x 1800 USD per troy ounce 11.43 trillion USD

Global Gold Production and Supply

The World Gold Council provides valuable insights into the historical production of gold. Data shows that approximately 189,000 metric tons of gold were produced from 1900 to 2016. This substantial quantity is distributed across various sources, with current estimates suggesting that around 57,000 metric tons of gold remain recoverable from the ground. Therefore, the total recoverable gold supply can be estimated as follows:

190,040 metric tons (as of 2019) 57,000 metric tons (recoverable but not yet mined) 247,040 metric tons

The estimated total value of this recoverable gold is calculated as:

247,040 metric tons x 32.15074656 troy ounces per metric ton 7,957,055.4 troy ounces

7,957,055.4 troy ounces x 1800 USD per troy ounce 14.32 trillion USD

Considering the Current Market Valuation

While the historical mining figures provide a comprehensive overview, current market conditions and spot prices are crucial for an accurate valuation. According to recent data, the spot price of gold is approximately 1800 USD per troy ounce, and the total gold bullion circulating globally is estimated to be around 2.5 billion troy ounces. However, a significant amount of gold, approximately 2 billion troy ounces of silver bullion, is also available. Combining these figures, we can arrive at a more accurate estimate of the total gold value:

2.5 billion troy ounces of gold bullion x 1800 USD per troy ounce 4.5 trillion USD

2 billion troy ounces of silver bullion x 20 USD per troy ounce (as of current market prices) 40 billion USD

Total gold value (gold bullion) 4.5 trillion USD 40 billion USD 4.54 trillion USD

However, when combined with historic gold supply, the overall value could be closer to:

11.43 trillion USD (historical value) 4.54 trillion USD (current value) 15.97 trillion USD

Comparing with Other Financial Metrics

It is essential to place the value of all the gold in the world in perspective. While the total amount is significant, it is dwarfed by the global debt levels. As of June 2022, the total global debt was estimated to be around 300 trillion USD. Therefore, the value of gold represents a small fraction of this massive financial figure.

Conclusion

In conclusion, the total value of all the gold in the world is estimated to be around 13.7 trillion USD, based on historical production, current market prices, and recent global assessments. This value reflects the ongoing demand, historical significance, and current market dynamics of gold. Understanding these factors helps in appreciating the role of gold in the global economy and its potential role in the future.

References

How Much Is All The Gold In The World Worth

How Much is All the Gold in the World Worth in 2023

How much Silver and Gold is there in the World

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Value Of All The Gold In The World