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Gold Bullion Bars

Saturday, September 29, 2012

How much gold is there on the planet earth?

How much gold is there on the planet earth? Well according to most geological experts there is enough to fill two Olympic swimming pools or about 167,000 tones that equals 35273 ounces per ton, times 167,000 equals 5,890,591,000 or 5.9 billion ounces of gold which is not enough for one ounce for every child, woman and man on earth. About 89% of gold ever mined during the 5000 years of recorded human history happened from 1849 to 2012. In 1849 gold was discovered east ofSacramento along the American River at a famous location called Sutter's mill. Most geologists say there is no more surface gold that can be found. Peak gold production could happen in the next ten to 15 years as it becomes harder and more expensive to mine gold. In 25 years, there will be half as much gold left to mine but the expense to mine gold could quadruple.

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Posted by Richard Davey at 7:27 AM

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Richard Davey Consultants to the banking industry to supply gold bullion View my complete profile

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