Sep 29, 2018

Facts about the scarcity of gold

Facts about the scarcity of gold Small traces of gold have been found in the leaves of Eucalyptus trees. 

Gold is valuable because it is scarce. Probably more scarce than you think.

For example, did you know?

  • The world pours more steel in an hour than it has poured gold since the beginning of recorded history, and
  • three Olympic swimming pools can hold all the gold ever mined in the world.
  • Nearly all of the gold on Earth came from meteorites that bombarded the planet over 200 million years after it formed.
  • Nearly half the gold ever mined has come from one place: Witwatersrand, South Africa.
  • After Switzerland, the world’s largest per capita gold reserves are held by Lebanon.
  • A ton of iPhones yield 300 times more gold than a ton of gold ore.
  • Still with iPhones and Apple recovered 2,204 pounds of gold from broken iPhones in 2015. That’s worth about US$40 million.
  • The world pours more steel in an hour than it has poured gold since the beginning of recorded history, and
  • three Olympic swimming pools can hold all the gold ever mined in the world.

There are reserves but they have very little potential, including:

  • There is enough gold in Earth’s core to coat its entire surface to a depth of 1.5 feet.
  • Six ten-billionths of the Sun is gold.
  • The world’s oceans contain nearly 20 million tons of gold.
  • NASA estimates that the near-Earth asteroid, Eros, contains 20 billion tons of gold.
  • And as an aside:
    • Small traces of gold have been found in the leaves of Eucalyptus trees.
    • Your hair contains traces of gold.
    • Over 6 milligrams of gold are lost every year from a Wedding Ring just by wearing it.

Courtesy https://www.factslides.com/

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