10 Enormous Gold Reserves

[freespirit]

Total gold demand in dollar terms increased in 2012 (http://www.businessinsider.com/japanese-american-chinese-automarket-2012-10), but declined in tonnage. This is according to the World Gold Council.The world's central banks were among the biggest customers, buying 534.6 metric tons of gold last year.
And the buying has continued into this year.
The World Gold Council (http://www.gold.org/media/publications/) reports that official gold holdings increased to 31,597 tons in February, up from 31,575.1 tons a month ago (http://www.businessinsider.com/countries-by-gold-reserves-january-2013-2013-1).
We pulled the numbers on the 10 biggest official reserves.
Note: CBGA refers to the Central Bank Gold Agreements. The first Agreement (CBGA 1) ran from September 27, 1999 to September 26, 2004. The second Agreement (CBGA 2) ran from September 27, 2004 to September 26, 2009. The third Agreement (CBGA 3) will run for five years from September 2009.


Read more: http://www.businessinsider.com/10-biggest-official-gold-reserves-2013-2?op=1#ixzz2Le75iUCB

full list and pics @link...

[mick silver]

just how many oz are in a ton

[freespirit]

that depends i guess... 1 long ton (UK) = 35,840 US oz.

i short ton (US) = 32,000 US oz.

1 metric ton = 35,273.962 US oz.

[gunDriller]

they didn't mention 2 enormous possible sources -
* that which is in the ocean.
* Gold in asteroids, other planets, other planets' moons, etc.

although the concentration of gold in seawater is very low, it's still tempting.

you just have to be a total whiz @
A/ Chemistry,
B/ Marine engineering,
C/ Power Engineering (getting cheap electricity for the operation), and
D/ Avoiding boating accidents.


not getting seasick helps too i guess.

[freespirit]

It's interesting to note that the dollar value of official gold holdings is a VERY large number.

$1,756,980,683,959.20 to be precise.