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/
