With gold prices skyrocketing by 400% over the past 10 years, do you ever find yourself wondering how much gold the world has produced so far? The best estimate as of 2011 would put the current amount of gold at a staggering 165,000 metric tons!
More than half of the world’s entire gold reserve has been mined in the last 50 years! If all the gold were to be dispersed to every human on the planet, each person would receive 5 gold rings, or $1,230.00.
This day and age, the gold that gets mined each year goes mostly to jewelry making and the world’s central banks.
About 50% in the making of jewelry and around 18% goes to official holdings for the central banking system. With India leading the world in gold consumption at over 700 metric tons, the United States weighs in at just over 400 metric tons.
From: Number Sleuth