Title: Countries with the largest gold reserves
Post by: DKG on February 14, 2025, 08:21:46 AM
Post by: DKG on February 14, 2025, 08:21:46 AM
1 United States of America
2 Germany
3 Italy
4 France
5 China
6 Switzerland
7 India
8 Japan
9 Taiwan
10 Poland
Title: Re: Countries with the largest gold reserves
Post by: JOE on February 14, 2025, 08:36:02 AM
Post by: JOE on February 14, 2025, 08:36:02 AM
The largest raw Gold DEPOSITS (not finished product) for the purposes of mining can be found in Australia:
https://www.nsenergybusiness.com/analysis/largest-gold-reserves/?cf-view
Top five countries with the largest gold mine reserves in the world
1. Australia – 10,000 tonnes
Australia is way out in front as the country with the largest gold mine reserves in the world at 10,000 tonnes.
The nation was the second-largest gold producer behind China in 2019, after ramping up its production levels to 330 tonnes from 315 tonnes in 2018.
It is home to some of the biggest gold deposits in the world, with Newcrest's Cadia Valley mine in New South Wales the largest facility of its type in the country.
BHP, the biggest mining firm in the world, is headquartered in Melbourne, while the second-largest company Rio Tinto has a number of mines across Australia.
https://www.nsenergybusiness.com/analysis/largest-gold-reserves/?cf-view
Top five countries with the largest gold mine reserves in the world
1. Australia – 10,000 tonnes
Australia is way out in front as the country with the largest gold mine reserves in the world at 10,000 tonnes.
The nation was the second-largest gold producer behind China in 2019, after ramping up its production levels to 330 tonnes from 315 tonnes in 2018.
It is home to some of the biggest gold deposits in the world, with Newcrest's Cadia Valley mine in New South Wales the largest facility of its type in the country.
BHP, the biggest mining firm in the world, is headquartered in Melbourne, while the second-largest company Rio Tinto has a number of mines across Australia.
Title: Re: Countries with the largest gold reserves
Post by: formosan on February 14, 2025, 09:49:45 AM
Post by: formosan on February 14, 2025, 09:49:45 AM
Quote from: DKG on February 14, 2025, 08:21:46 AM1 United States of AmericaVery interesting Seoul..
2 Germany
3 Italy
4 France
5 China
6 Switzerland
7 India
8 Japan
9 Taiwan
10 Poland
I just checked and it appears the USA has two thirds of the world's gold reserves..
China would be higher except for Chiang Kai Shek taking China's gold when the KMT fled to Taiwan in 1949..
Russia has a lot of gold, I assume it's minable, but is not top ten when in deposit holdings.
Title: Re: Countries with the largest gold reserves
Post by: Oliver the Second on February 14, 2025, 09:54:56 AM
Post by: Oliver the Second on February 14, 2025, 09:54:56 AM
Quote from: DKG on February 14, 2025, 08:21:46 AM1 United States of America
2 Germany
3 Italy
4 France
5 China
6 Switzerland
7 India
8 Japan
9 Taiwan
10 Poland
11 Rappers
(https://i.imgur.com/98NRSTwm.png)
Title: Re: Countries with the largest gold reserves
Post by: Thiel on February 14, 2025, 01:54:19 PM
Post by: Thiel on February 14, 2025, 01:54:19 PM
Quote from: JOE on February 14, 2025, 08:36:02 AMThe largest raw Gold DEPOSITS (not finished product) for the purposes of mining can be found in Australia:Jo Jo Sweetie remember I explained to you after we had sex last night that gold deposits, proven or not don't mean much.
https://www.nsenergybusiness.com/analysis/largest-gold-reserves/?cf-view
Top five countries with the largest gold mine reserves in the world
1. Australia – 10,000 tonnes
Australia is way out in front as the country with the largest gold mine reserves in the world at 10,000 tonnes.
The nation was the second-largest gold producer behind China in 2019, after ramping up its production levels to 330 tonnes from 315 tonnes in 2018.
It is home to some of the biggest gold deposits in the world, with Newcrest's Cadia Valley mine in New South Wales the largest facility of its type in the country.
BHP, the biggest mining firm in the world, is headquartered in Melbourne, while the second-largest company Rio Tinto has a number of mines across Australia.
Those deposits will never be mined. That would devalue the commodity.
Title: Re: Countries with the largest gold reserves
Post by: caskur on March 07, 2025, 08:28:30 AM
Post by: caskur on March 07, 2025, 08:28:30 AM
Quote from: DKG on February 14, 2025, 08:21:46 AM1 United States of America
2 Germany
3 Italy
4 France
5 China
6 Switzerland
7 India
8 Japan
9 Taiwan
10 Poland
That isn't the world... that is just the Northern Hemisphere.
Australia has the most Gold. And Western Australia in particular.
Kalgoorlie mine has been going for over 100 years. The super pit is the biggest open cut mine in the world
Title: Re: Countries with the largest gold reserves
Post by: caskur on March 07, 2025, 08:33:35 AM
Post by: caskur on March 07, 2025, 08:33:35 AM
Why can't Canada earn money from their gas?
Because stupid Australia gives away gas for free...
In view of this, many Australians might be surprised to learn that a large amount of the country's gas reserves are essentially being given away for free. Australia has ten facilities that export gas as liquified natural gas (LNG).6 Aug 2024
https://apo.org.au
Australia's great gas giveaway - Analysis & Policy Observatory
Because stupid Australia gives away gas for free...
In view of this, many Australians might be surprised to learn that a large amount of the country's gas reserves are essentially being given away for free. Australia has ten facilities that export gas as liquified natural gas (LNG).6 Aug 2024
https://apo.org.au
Australia's great gas giveaway - Analysis & Policy Observatory
Title: Re: Countries with the largest gold reserves
Post by: caskur on March 07, 2025, 08:43:00 AM
Post by: caskur on March 07, 2025, 08:43:00 AM
Quote from: Thiel on February 14, 2025, 01:54:19 PMJo Jo Sweetie remember I explained to you after we had sex last night that gold deposits, proven or not don't mean much.
Those deposits will never be mined. That would devalue the commodity.
You have been misled then...
Gold mining in Western Australia
Main article: Mining in Western Australia
Gold mining in Western Australia is the third largest commodity sector in Western Australia (WA), behind iron ore and LNG, with a value of A$17 billion in 2021–22. The 6.9 million troy ounces (214 tonnes) sold during this time period was the highest amount in 20 years and accounted for almost 70 percent of all gold sold in Australia.
From Wiki
Title: Re: Countries with the largest gold reserves
Post by: JOE on March 07, 2025, 11:37:24 AM
Post by: JOE on March 07, 2025, 11:37:24 AM
Quote from: DKG on February 14, 2025, 08:21:46 AM1 United States of America
2 Germany
3 Italy
4 France
5 China
6 Switzerland
7 India
8 Japan
9 Taiwan
10 Poland
Actually what is the significance of size of Gold Reserves DKG
DKG? Or anyone else here care to weigh in? ...Lokmar?If we're no longer on a Gold Standard why do nations especially the USA stack so much Gold?
Is it used as collateral?
Is the US planning to revalue Gold?
Why all of a sudden this interest in Gold & Fort Knox?
Will the Trump administration use Gold as backing for their Strategic Cryptocurrency Reserve or proposed Sovereign Wealth Fund?
Title: Re: Countries with the largest gold reserves
Post by: Thiel on March 07, 2025, 01:22:38 PM
Post by: Thiel on March 07, 2025, 01:22:38 PM
Quote from: JOE on March 07, 2025, 11:37:24 AMActually what is the significance of size of Gold Reserves DKGYou are barking up the wrong tree Honeybuch. DKG and Lokmar are not our orientation.
Title: Re: Countries with the largest gold reserves
Post by: DKG on March 08, 2025, 09:55:14 AM
Post by: DKG on March 08, 2025, 09:55:14 AM
Quote from: caskur on March 07, 2025, 08:28:30 AMThat isn't the world... that is just the Northern Hemisphere.No, that wasn't only the Northern hemisphere, it's the entire world.
Australia has the most Gold. And Western Australia in particular.
Kalgoorlie mine has been going for over 100 years. The super pit is the biggest open cut mine in the world
The United States has the world's larges gold reserves. By a country mile too.
Title: Re: Countries with the largest gold reserves
Post by: caskur on March 08, 2025, 10:17:56 AM
Post by: caskur on March 08, 2025, 10:17:56 AM
Quote from: DKG on March 08, 2025, 09:55:14 AMNo, that wasn't only the Northern hemisphere, it's the entire world.
The United States has the world's larges gold reserves. By a country mile too.
A look at Western Australia
There are currently 66 operating gold mines in Australia including 14 of the world's largest, 11 of which are in Western Australia making it the country's major gold producer, accounting for almost 70 per cent of Australia's total gold production.
https://www.dmp.wa.gov.au
Gold - Department of Mines and Petroleum
Title: Re: Countries with the largest gold reserves
Post by: DKG on March 08, 2025, 10:19:24 AM
Post by: DKG on March 08, 2025, 10:19:24 AM
Quote from: caskur on March 08, 2025, 10:17:56 AMA look at Western AustraliaThat is not gold reserves.
There are currently 66 operating gold mines in Australia including 14 of the world's largest, 11 of which are in Western Australia making it the country's major gold producer, accounting for almost 70 per cent of Australia's total gold production.
https://www.dmp.wa.gov.au
Gold - Department of Mines and Petroleum
Title: Re: Countries with the largest gold reserves
Post by: caskur on March 08, 2025, 11:07:08 AM
Post by: caskur on March 08, 2025, 11:07:08 AM
Quote from: DKG on March 08, 2025, 10:19:24 AMThat is not gold reserves.
Yes it is...
We have 11 of the world's largest gold mines in my state...
You have no idea about Australia.
JOE DOES.
Title: Re: Countries with the largest gold reserves
Post by: DKG on March 09, 2025, 10:50:07 AM
Post by: DKG on March 09, 2025, 10:50:07 AM
Quote from: caskur on March 08, 2025, 11:07:08 AMYes it is...I am not talking about Australia or gold mines/resources. Gold reserves are not mines/resources in the ground not owned by a nation's central bank.
We have 11 of the world's largest gold mines in my state...
You have no idea about Australia.
JOE DOES.
A gold reserve is the gold held by a national central bank, intended mainly as a guarantee to redeem promises to pay depositors, note holders(paper money).
Do you understand the difference now caskur or do you require further explanation?
Title: Re: Countries with the largest gold reserves
Post by: Thiel on March 09, 2025, 01:59:10 PM
Post by: Thiel on March 09, 2025, 01:59:10 PM
QuoteA gold reserve is the gold held by a national central bank, intended mainly as a guarantee to redeem promises to pay depositors, note holders(paper money).Fort Knox, Indiana is where America's gold reserves are held. Not in any mine.