Written By Basilio Chen

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This is an update to the status of Gold.

There is around 35,000 Tons of gold available for investment in the form of coins or bars (nearly 20%).  The majority is in the form of jewelry (49%).  With a total gold on unearthed to be 171,000 Tons with another 52,000 Tons not yet mined giving a total hypothetical figure of 223,000 Tons of available gold on earth.

World gold holdings (2011)
(Source: United States Geological Survey)
Location Gold holdings Share of total
(in tonnes) world gold holdings
Total 171,300 100%
Jewelry 84,300 49.20%
Investment (bars, coins) 33,000 19.26%
Central banks 29,500 17.20%
Industrial 20,800 12.14%
Unaccounted 3,700 2.20%

 

World Gold Holding

As at June 2014 (Top 40 based on World Gold Council data)

Rank Country/Organization Gold holdings
(in tonnes)
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United States

8,133.50
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Germany

3,384.20
3
     
 

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International Monetary Fund

2,814.00
4 Italy 2,451.80
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France

2,435.40
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Russia

1,094.70
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China

1,054.10
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  Switzerland

1,040.00
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Japan

765.2
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Netherlands

612.5
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India

557.7
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Turkey

512.9
13

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European Central Bank

503.2
14 clip_image028
Taiwan

423.6
15 clip_image030
Portugal

382.5
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Venezuela

367.6
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Saudi Arabia

322.9
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United Kingdom

310.3
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Lebanon

286.8
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Spain

281.6
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Austria

280
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Belgium

227.4
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Philippines

194.3

 

From 1960 until 2000, South Africa was the largest producer of Gold to be surpassed now by China which is producing approximately 400 tons per year.

The world total available gold is estimated to be around 170,000 Tons.  Gold is considered a rare precious mineral given that is finite in nature.  Having been unearthed and produced for thousands of years, by 1500, the available gold unearth was around 13,000 Ton.

Top 40 Mines in the World

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Top 40 Undeveloped Mines in the World

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Top 40 Mines in the World by Quality

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Top 25 Largest Mines & Deposits in Asia/Oceania

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Top 12 Countries with Most Gold Mining

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Top Countries by Quality of Gold

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Recent Weakness of Gold

Gold prices have dropped significantly from its high in 2011 and reaching a low of 1,200 per ounce as of this writing in Oct 19, 2014.

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One of the Major Reasons

As long as the US Dollar is in uptrend, the Gold prices will tend to be on a downtrend.

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