GOLD i.e. gold is one of the most precious metals present on earth. Its demand is so high that prices are touching the sky. At some point or the other, the question might have come to your mind that how much gold is present on earth? When will this end? Is there more gold or silver on earth? The same question was asked on the online platform Quora. Users gave answers according to their knowledge. But upon further investigation, many interesting information came to light. Let us know.
If we talk about the prices of gold and silver, there is a lot of difference between the two. While you will have to pay more than Rs 60 thousand to buy 10 grams of gold, you will also get 10 grams of silver for Rs 1000. But the most important question is, what is more valuable on earth, silver or gold. According to geologists, there is about 19 times more silver in the earth’s crust than gold. Every year 8 times more silver is being extracted from the earth than gold. According to a USGS report, 57,000 tons of gold is still buried under the ground. The largest reserves are in China, South Africa and Australia. America is at fourth place in this matter.
How much gold and silver was extracted from the earth
USGS report shows that till now 2.55 lakh metric tonnes of gold has been extracted from the earth and out of this, 1.87 lakh metric tonnes has been used only in making jewellery. At the same time, the total silver in the entire earth’s crust is about 7.5 trillion kilograms. About 1.4 billion kilograms of silver has been mined so far. Since silver corrodes, half of it has already corroded and is no longer present in the form of metal.
… so only 20 years of gold left
American investment bank Goldman Sachs had recently estimated that if the rate at which gold is being mined continues, then gold will be completely exhausted in the next 20 years. If only 50 thousand tonnes of gold is present under the earth, then it is only enough to fit in two cargo ships. Gold mines are becoming empty in many countries of the world. New mines are also not being found.
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FIRST PUBLISHED: December 21, 2023, 15:29
