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Snippet from Wikipedia: Gold reserve

A gold reserve was the gold held by a national central bank, intended mainly as a guarantee to redeem promises to pay depositors, note holders (e.g. paper money), or trading peers, during the eras of the gold standard, and also as a store of value, or to support the value of the national currency.

The World Gold Council estimates that all the gold ever mined totaled 190,040 metric tons in 2019 but other independent estimates vary by as much as 20%. At a price of US$1,250 per troy ounce ($40 per gram), reached on 16 August 2017, one metric ton of gold has a value of approximately $40 million. The total value of all gold ever mined would exceed $7.5 trillion at that valuation and using WGC 2017 estimates.

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Gold Reserve Inc. (

,

) is a gold mining company with operations and mining property in Bolivar State, Venezuela.

Founded in 1956, Gold Reserve Inc. is now headquartered in Spokane, Washington. The company has about ten employees at its Washington office and about 55 in Venezuela. Of these 55, approximately 33 are located at the Brisas project site near the small community of Las Claritas.

See also

References

gold_reserve.txt · Last modified: 2020/03/12 18:34 (external edit)