Gold Coins 24k
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US $29.99
With all the talk that is always raging about gold and the value or lack thereof in buying gold, I thought it would be interesting to look up some basic facts about gold.
We all know that gold is mined and doesn't grow on trees. Each year, new gold is mined and is added to the stock of gold. Of course, gold is held by a variety of people and institutions. Many people hold it in the form of coins and jewelry, but central banks and the International Monetary Fund also hold large amounts of gold, even though there are no countries on the gold standard at the present time.
According to estimates on the website of the World Gold Council, the total amount of gold ever produced is between 140,000 and 160,000 tonnes. They estimate that almost 2/3 of that total has been mined since 1950.
Each metric tonne weighs 1000 kilogram. That is equivalent to 32,150 ounces.
To put into a visual perspective, if all the gold ever produced in the world was in one place, it would fill a cube of approximately 62 feet on each side.
The United States has the largest amount of gold reserves in the world with an estimated 8,139 tonnes of gold in its possession. Germany and the IMF then follow in terms of estimated gold reserves.
China recently declared its intention of building up its gold reserves in the next 10 years hoping to build its reserves to over 10,000 tonnes in the next 10 years.
The Indian central bank, The Reserve Bank Of India, also recently bought 200 tonnes of gold from the IMF.
However, the amount of gold held worldwide by individuals exceeds the amount held by governments and institutions like the IMF. Of the 140,000 to 160,000 tonnes of gold ever produced, it is estimated that about 100,000 of these tonnes are held by individuals.
So, if we know how much gold has been produced in the world, how much of this precious metal still lies below the earth's surface waiting to be mined?
According to estimates from the Metals Economics Group, the major gold producers reported reserves of about 22,000 tonnes at the end of 2005. This would represent approximately 14 years of production at 2005 rates.
Ricardo Smith is a financial journalist with an interest in international economics and macro investment trends. He is particularly interested in the latest opinions of the world's most successful investors. Occasionally, he tries his hand at financial humor.
His latest website is http://www.goldbullionbarsite.com/ which has information on gold bullion bars and the Maple Leaf Gold Coin.
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Necklace with Gold Coins $8.97 Features a gold coins necklace. |
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Pirate Gold Coins $1.97 Includes twelve gold coins. |
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Gold Coins - Set of 30 $1.99 Gold Coins - Set of 30 |
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Pile of International Gold Coins $29.99 Pile of International Gold Coins - Photographic Print |
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Purse Spills Gold Coins $49.99 Purse Spills Gold Coins - Giclee Print |
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Stauer 24K Gold-Leaf Watch $395 Stauer 24K Gold-Leaf Watch |
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Gold Coins Pkg/144 $3.99 The Gold Coins are the perfect for your next pirate party or St Patrick's Day party. Each package of Gold Coins contains 144 plastic coins that measure 1 1/2 inches. Scatter the Gold Coins on your tables or use them as tokens for your next party! Not intended for use by children 12 and under. |
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Stethoscope Lying over Gold Coins $19.99 Stethoscope Lying over Gold Coins - Photographic Print |
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Gold Coins: 24LB $214.39 Assorted Gold Coins Foiled: 24LBS Small solid milk chocolate coins wrapped in foil that looks like a coin!. FLAVOR: Milk Chocolate |
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24K Gold Collection - Twilight Gold $43 Shimmer in the gilded opulence of the 24k Collection. The Twilight Gold bead fuses 24k gold and earth tones for natural drama. Dimensions: 8 in x in |
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24K $8.99 24K |
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Plastic Gold Coins $5.95 Find your Treasure with Pirate Gold Coins! Use fake gold coins for all your pirate party needs. The gold pirate coins are perfect for filling treasure chests and goody bags, or use these plastic coins to decorate your party tables. 144 coins per package. Gold coins are 1 1/2" long and wide. Made of plastic. Coin has head in center with "Gold D'Oro" written around the outside edge. Same design on both sides. The fake gold coins are a must have pirate party decoration. The pirate coins are perfect for pirate loot, stage props, pot of gold at the end of a rainbow, and anytime play money. Part of Favors, Toys, Gifts > Best Sellers |
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Gold Coins - 6 Lb Gold Coins: GR $51.2 Gold Coins are made from smooth and creamy chocolate. This sweet currency makes the perfect snack for themed parties and celebrations. Each case consists of six pounds. |
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Chocolate Foil Coins - Gold $59.7 Premium chocolate wrapped in gold foil. There are about 140 per pound!! Small tasty coins that you can eat. |
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Gold Coins On Bracelet $8.97 Jewelry & accessories for plus size costumes - An ideal accessory for your Greek Goddess Costume. This Gold Coins Bracelet features a gold coin charm bracelet... |
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Gold Coins On Thick Chain $195 Ben-Amun gold coins chain is unique. Eleven gold plated coins from all over the world are charming as they dangle 18 inches from this thick gold plated chain. A vivid display of replicas from currencies around the world make this design is stunning. Enliven any occasion with this stunning necklace. |
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Gold Coins in a Coin Collector's Store $79.99 Gold Coins in a Coin Collector's Store - Premium Photographic Print |
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Gold Coins - 24 Lb Gold Coins: GR $176.4 Gold Coins are made from smooth and creamy chocolate. This sweet currency makes the perfect snack for themed parties and celebrations. Each case consists of twenty four pounds. |
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24K Gold Collection - Copper Gold $43 Shimmer in the gilded opulence of the 24k Collection. The Copper Gold bead blends firey tones and natural drama with 24k gold, adding a touch of rich beauty. Dimensions: 8 in x in |
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24K Gold Collection - Marine Gold $43 Shimmer in the gilded opulence of the 24k Collection. The Marine Gold bead is a swirling blend of deep blues and 24k gold, and sparkles with the luster of moonlit waters. Dimensions: 8 in x in |
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Bellwether 24k Gold Plate Six-Light Pendant $465 Bellwether 24k Gold Plate Six-Light Pendant |
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Nxg 24k Gold Crimp On Banana Plgs2pr/Pk $2.99 NXG 24K GOLD CRIMP ON BANANA PLGS2PR/PK |
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Nxg 24k Gold Dual Banana Plug Red $2.99 NXG 24K GOLD DUAL BANANA PLUG RED |
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Beaded Top with Coins $79.99 Beaded tip with dangling metal coins. Detailed beadwork, halter style. Gold Coins. |
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State of Israel Coins 2010 FIFA World Cup Gold Coin $2514.56 The next FIFA World Cup will take place from June 11 to July 11 2010 for the first time on African soil and the excitement is already beginning. Billions of television viewers all around the globe and about 3 million visitors to South Africa will be joining in the fun of the games waiting in suspense to see who will win the ultimate prize in football the FIFA World Cup Trophy. Over 200 countries from 5 continents will be enthusiastically participating in the preliminary rounds to be one of the 32 best teams and secure a place in the 2010 FIFA World Cup South Africa. The team spirit and fair play rules in Football encourage harmony and collective achievement among people and nations. Thus Football in itself contributes to improving society promoting peace and making the world better. Football has been popular in Israel for about a hundred years. In 1929 the National Federation was accepted as a member of FIFA. The Israel National Team has participated in international activities since 1934 and first took part in a FIFA World Cup march in 1970. The 2010 FIFA World Cup South Africa Commemorative Coin will capture the excitement of this outstanding event. The Israel Coin will be part of the World Collection of Coins from about 50 different countries. Obverse:. On the Face Value side the image of a football player leaps after the ball in the Southern Hemisphere. Reverse:. The theme side of the coin expresses power dynamics and celebration. The movement line of the ball zooms from the horizon level upwards and round to encompass the globe evoking the international importance of this event. Edge:. B.U. coin: Smooth. Silver and gold proof coins: Milled. Mint Marks:. B.U. coin Star of David. Silver and gold proof coins Hebrew letter mem below the face value. Designer:. Osnat Eshel. Details: 31878270 Gold/999 24k Proof NIS 5 27.0 Diameter mm. 7.77 Weight gm. |
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Realistic Coins $3.95 Gold Coins All Around! Plastic money is a simple and easy accessory that is sure to make any party or event a hit! Fill a treasure chest or goody bag for instant ooohs and ahhs! 144 coins per package. Realistic Coins are sold in assorted sizes (same as that of a penny, nickle, dime and quarter). Made of plastic. Assorted silver and copper coloring with shiny finish. A must have party accessory. Perfect for pirate loot, stage props, gold at the end of a rainbow, and anytime play money. An all around accessory that no party or event should be without! Part of Favors, Toys, Gifts > Play Money |
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Presidential Gold Coins $4.95 Gold Coins All Around! Plastic money is a simple and easy accessory that is sure to make any party or event a hit! Fill a treasure chest or goody bag for instant ooohs and ahhs! 144 coins per package. Presidential Gold Coins are 1 1/4" long and wide. Made of plastic. Twelve assorted president faces. A must have party accessory. Perfect for pirate loot, stage props, gold at the end of a rainbow, and anytime play money. An all around accessory that no party or event should be without! Part of Favors, Toys, Gifts > Play Money |
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Assorted Gold Coins: 10 LBS $163.34 Assorted Gold Coins: 10 LBSCan't choose what size you want? Assorted gold coins are here for you! All three different sizes in one product!FLAVOR: Chocolate |
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Large Gold Coins: 5 LBS $75.45 Large Gold Coins: 5 LBSWant to feel like you found a treasure? Spread these gold coins around your room! You can have a bite if you feel hungry!Approximately 340 coins per order.FLAVOR: Chocolate |
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Star Dust 24K Kit - # Gold $40.99 Women's 3pcs . Star Dust 24K Kit - # Gold 1x Dust 24K - # Gold ( 9.9g/0.35oz ) 1x Gloss - # Star Struck ( 4.4ml/0.15oz ) 1x Duster Brush Ideal both for personal use & as a gift |
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The Mystery of the Gold Coins (Unabridged) $2.69 Cam is a spunky young heroine that kids have loved for over two decades. Here, the mystery revolves around some valuable coins.... |
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Coins of Gold $29.24 No Synopsis Available |
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24K Gold Plated Sterling Silver Branch Earrings $93.5 24K Gold Plated Sterling Silver Branch Earrings Branch out in style with these nature-inspired 24K gold plated sterling silver earrings. Specifications: .925 Sterling Silver, 24K Gold Plated, 49 x 15mm |
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Large Mint Black Gold Coins: 10 LBS $154.86 Large Mint Blank Gold Coins: 10 LBSLove gold? Try these large mint flavored with gold coloring coins!FLAVOR: Mint, chocolate |
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Portobello Road 24K Satin Gold 6.5-Inch Pull $62 Portobello Road 24K Satin Gold 6.5-Inch Pull - Made in the USA. |
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Happy New Year, Elves with Gold Coins $49.99 Happy New Year, Elves with Gold Coins - Giclee Print |
