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Seriously?!?!
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Last post: May 13, 2024, 10:23:35 PM
Re: Seriously?!?! by Lokmar

avatar_DKG

Countries with the largest gold reserves

Started by DKG, February 14, 2025, 08:21:46 AM

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DKG


1 United States of America
2 Germany
3 Italy
4 France
5 China
6 Switzerland
7 India
8 Japan
9 Taiwan
10 Poland
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JOE

#1
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.

formosan

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
Very interesting Seoul..

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.
too old to be a fashionista

Oliver the Second

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

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Thiel

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:

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.
Jo 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.
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gay, conservative and proud

caskur

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
"I think having land and not ruining it is the most beautiful art that anybody could ever want."
- Andy Warhol

caskur

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
"I think having land and not ruining it is the most beautiful art that anybody could ever want."
- Andy Warhol

caskur

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
"I think having land and not ruining it is the most beautiful art that anybody could ever want."
- Andy Warhol

JOE

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 avatar_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?

Thiel

Quote from: JOE on March 07, 2025, 11:37:24 AMActually what is the significance of size of Gold Reserves avatar_DKG DKG? Or anyone else here care to weigh in? ...Lokmar?
You are barking up the wrong tree Honeybuch. DKG and Lokmar are not our orientation.
gay, conservative and proud

DKG

Quote from: caskur on March 07, 2025, 08:28:30 AMThat 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
No, 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.

caskur

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
"I think having land and not ruining it is the most beautiful art that anybody could ever want."
- Andy Warhol

DKG

Quote from: caskur on March 08, 2025, 10:17:56 AMA 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
That is not gold reserves.

caskur

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.

"I think having land and not ruining it is the most beautiful art that anybody could ever want."
- Andy Warhol

DKG

#14
Quote from: caskur on March 08, 2025, 11:07:08 AMYes it is...

We have 11 of the world's largest gold mines in my state...

You have no idea about Australia.

JOE DOES.


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.

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?