Read on to discover why gold reserves are important.Ī gold reserve is the stock of physical gold held by a national central bank. In addition, we’ll go over the other global nations holding a significant amount of physical gold. We’re also going to explain why it is that so many different countries have a gold reserve, and how vital these stores are to the economy. In this article, we’ll break down exactly how much of the global gold supply is sitting in underground vaults beneath US soil. The United States government holds a large reserve of solid gold, like many other nations around the world. Another 53 thousand is unrecovered underground reserves of gold, which leaves approximately 78 thousand tons of gold unaccounted for. But where is all this gold? Around half of all gold in use by humans today exists in the form of jewelry, but this only accounts for around 93 thousand tons. There are an estimated 244 thousand metric tons of gold in the world, which if gathered together would total a giant cube measuring 28 meters on each side. Gold has been hoarded by governments and individuals for longer than history remembers because the precious metal is so valuable.
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