Gold Rarity and Value Shown In Stunning Gold Visualisations

by Jeff Desjardins of Visual Capitalist

Since Ancient times, gold has served a very unique function in society.

Gold is extremely rare, impossible to create out of “thin air”, easily identifiable, malleable, and it does not tarnish. By nature of these properties, gold has been highly valued throughout history for every tiny ounce of weight. That’s why it’s been used by people for centuries as a monetary metal, a symbol of wealth, and a store of value.

Visualizing Gold’s Value and Rarity

With all that value coming from such a small package, sometimes it is hard to put gold’s immense worth into context.

The following 11 images help to capture this about gold, putting things into better perspective.

1. The U.S. median income, as a gold cube, easily fits in the palm of your hand.

2. A gold cube worth $1 million, has sides that are 2/3 the length of a typical banknote.

3. All gold used for electrical connections in the Columbia Space Shuttle would be worth $1.6 million today.

4. Trump’s entire fortune of $3.7 billion as a gold cube would be shorter than Trump himself.

5. As a gold cube, the entire value of the Bitcoin market would fit in a hallway.

6. The fortune of the richest man on Earth, Bill Gates, would take up a single traffic lane.

7. The world’s entire annual production of gold is just a 5.5m sided (18 ft) cube.

8. Take the 147.3 million oz of gold out of Fort Knox, and it’s only slightly bigger.

9. All gold held by the Central Banks pales in comparison to the Brandenburg Gate.

10. All gold mined in human history is dwarfed by the Statue of Liberty.

11. To pay off $63 trillion of global sovereign debt, you’d need a gold cube the size of a building.

Courtesy of Visual Capitalist

 

 

Listen on SoundCloud , Blubrry & iTunesWatch on YouTube above

 

News and Commentary

Gold prices extend gains after dovish Fed stance (Reuters.com)

Nikkei, Kospi slide as automaker stocks tumble on new Trump tariff threat (MarketWatch.com)

Fed indicates it will let inflation run above 2 percent goal for ‘temporary period’ (CNBC.com)

Stock market stages rebound after Fed minutes hint at gradual rate hikes (MarketWatch.com)

U.S.-China trade deal ‘too hard to get done,’ Trump says (Reuters.com)


Source: Bloomberg.com

American Default – U.S. government’s devaluation of the dollar, repudiation of debt, and confiscation of monetary gold in 1933 (Part II) (Bloomberg.com)

Gold miner AngloGold Ashanti to cut South Africa jobs as costs rise (Fin24.com)

Spanish Galleon Laden with L13 billion in Gold Found at Bottom of Caribbean Sea, 300 Years after Sinking (Independent.co.uk)

Marshall Islands replaces U.S. dollar with its own cryptocurrency (TheVerge.com)

Blockchain Will Completely Revolutionize How We Mine Gold and Precious Metals (USFunds.com)

 

Listen on SoundCloud , Blubrry & iTunesWatch on YouTube below

Gold Prices (LBMA AM)

23 May: USD 1,294.00, GBP 967.91 & EUR 1,102.88 per ounce
22 May: USD 1,293.90, GBP 961.24 & EUR 1,095.29 per ounce
21 May: USD 1,285.85, GBP 959.24 & EUR 1,095.67 per ounce
18 May: USD 1,287.20, GBP 954.20 & EUR 1,091.16 per ounce
17 May: USD 1,288.85, GBP 952.07 & EUR 1,090.50 per ounce
16 May: USD 1,291.75, GBP 958.61 & EUR 1,093.60 per ounce
15 May: USD 1,310.05, GBP 966.42 & EUR 1,098.35 per ounce

Silver Prices (LBMA)

23 May: USD 16.53, GBP 12.38 & EUR 14.11 per ounce
22 May: USD 16.58, GBP 12.32 & EUR 14.04 per ounce
21 May: USD 16.34, GBP 12.19 & EUR 13.91 per ounce
18 May: USD 16.39, GBP 12.16 & EUR 13.92 per ounce
17 May: USD 16.39, GBP 12.14 & EUR 13.90 per ounce
16 May: USD 16.26, GBP 12.07 & EUR 13.79 per ounce
15 May: USD 16.41, GBP 12.12 & EUR 13.77 per ounce


Recent Market Updates

– Gold Looks A Better Investment Than UK Property
– Gold 2048: The Next 30 Years For Gold
– Beware “Snollygosters” and the Empty Promises of Pathological Politicians
– US 10-Year Surges, Emerging Markets Implode…Where Next for Gold?
– Welsh Gold Being Hyped Due To The Royal Wedding?
– Oil Price Is Going To Keep Rising And Inflation Is Coming
– Gold Price Manipulation – A Comprehensive Guide By James Rickards
– EU ‘Nightmare Scenario’ As Popular Anti-Euro and Anti-EU Government Takes Power In Italy
– “Oil price highest in 3 years, gold ready to follow”, by Daniel March
– Gold Mining Supply Globally Looks Set To Decline
– Gold Bullion Demand In Iran May Surge On Trump Sanctions
– “Money Is Gold — and Nothing Else”
– U.K. Home Prices Plunge 3.1% In April – Largest Monthly Drop Since Financial Crisis In 2011

Mark O'Byrne

Also on news-goldcore-com

Videos

Expect $2,500 – $3,000 Gold In Next 12 Months

The 5 Major Trends That Are Shaping Our Economic Future

Patrick Karim on gold, inflation and the next break out

Blog posts

When The Weight of Inflation Becomes Too Much 

In a comment to MarketWatch last week we said that traders this week would be most focused on the CPI report that came out yesterday. In that very report, Inflation came in hot, above expectations, and posted its biggest monthly increase in August this year. It’s up 3.7% from a year ago. However, markets didn’t […]

READ MORE

Expect $2,500 – $3,000 Gold In Next 12 Months

It’s that time of the month again when we bring in a top chart analyst to take us through what they’re seeing in the markets, right now. This month we have the brilliant Gareth Soloway. Gareth explains why he’s watching the US Dollar, what he means by “Good news is bad news” and when we […]

READ MORE

Should We Worry About The Strong US Dollar?

Over the August period, it’s easy for people to switch off and to some extent, it might feel like the precious metals have been doing the very same! However, if you look at the YTD performance of gold across key currencies in the World Gold Council table provided below then you will take some heart […]

READ MORE

Featured

The King and Queen will be Gold and Silver

READ MORE
Newsletter
Category
Archives
Popular

No posts available

Videos

Expect $2,500 – $3,000 Gold In Next 12 Months

The 5 Major Trends That Are Shaping Our Economic Future

Patrick Karim on gold, inflation and the next break out

Blog posts

When The Weight of Inflation Becomes Too Much 

In a comment to MarketWatch last week we said that traders this week would be most focused on the CPI report that came out yesterday. In that very report, Inflation came in hot, above expectations, and posted its biggest monthly increase in August this year. It’s up 3.7% from a year ago. However, markets didn’t […]

READ MORE

Expect $2,500 – $3,000 Gold In Next 12 Months

It’s that time of the month again when we bring in a top chart analyst to take us through what they’re seeing in the markets, right now. This month we have the brilliant Gareth Soloway. Gareth explains why he’s watching the US Dollar, what he means by “Good news is bad news” and when we […]

READ MORE

Should We Worry About The Strong US Dollar?

Over the August period, it’s easy for people to switch off and to some extent, it might feel like the precious metals have been doing the very same! However, if you look at the YTD performance of gold across key currencies in the World Gold Council table provided below then you will take some heart […]

READ MORE

Featured

The King and Queen will be Gold and Silver

READ MORE