Rare metal "Gold"

It is said that the amount of gold mined since the beginning of history is 180,000 tons. This is less than the annual production of silver in 10 years. It is also less than the amount of four official Olympic swimming pools, which shows how rare gold is.

If we subtract from this the approximately 30,000 tons held by governments and the amount that has been lost or disappeared, we find that there is less than 150,000 tons of gold currently remaining on Earth.

The world population in 2021 is approaching 7.9 billion. If we calculate the amount of gold that each individual in the world (regardless of year) can own, we find that if everyone in the world owned gold equally, even if the maximum of 150,000 tons remained, it would amount to just under 20 grams.

To give you an idea of ​​how much 20 grams would weigh in typical gold coins, it is roughly the same amount as two British Sovereign gold coins or one 20 franc gold coin issued by France during the gold standard era.

If you owned one 1 ounce gold bullion coin, you would own about 1.5 times the total private ownership in the world. If you owned 10 1 ounce gold coins, you would feel like a rich person.

When we look around the world, there are income disparities, and we also have to take into account the age at which people actually own gold, but even though production has increased slightly compared to before, it is understandable that gold has maintained a high price due to its rarity.