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Speaker 1: brain with today's question. If you took all of the
Speaker 1: gold in the world and put it in one place,
Speaker 1: how much would there be? It's amazing, but the total
Speaker 1: amount of gold in the world is a surprisingly small quantity.
Speaker 1: Here's how you can calculate the total amount that's available.
Speaker 1: If you look it up, you'll find that the annual
Speaker 1: worldwide production of gold is something like fifty million troy
Speaker 1: ounces per year. Gold as a specific gravity of nineteen
Speaker 1: point three, meaning that it's nineteen point three times heavier
Speaker 1: than water, So goldways nineteen point three kilograms per leader.
Speaker 1: A leader is a cube that measures ten centimeters about
Speaker 1: four inches on a side. There are thirty two point
Speaker 1: one five troy ounces in a kilogram. Therefore, the world
Speaker 1: produces a cube of gold that's about four point three
Speaker 1: meters or about fourteen feet on each side every year.
Speaker 1: In other words, all of the gold produced worldwide in
Speaker 1: one year could just about fit in the average person's
Speaker 1: living room. This cube weighs one million, five hundred thousand kilograms,
Speaker 1: or about three million pounds. It would be worth about
Speaker 1: thirty to forty billion dollars at today's prices. Figuring out
Speaker 1: the total amount of gold that's been produced by man
Speaker 1: in all of eternity is a little harder to get
Speaker 1: it some kind of estimate. Let's figure that the world
Speaker 1: has been producing gold at fifty million troy ounces a
Speaker 1: year for two hundred years. That number is probably a
Speaker 1: all high, but when you figure that the Aztecs and
Speaker 1: the Egyptians produced a fair amount of gold for a
Speaker 1: long time, it's probably not too far off. Fifty million
Speaker 1: ounces times two hundred years equals ten billion ounces. Ten
Speaker 1: billion ounces of gold would fit into a cube roughly
Speaker 1: twenty five meters or about eighty two feet on a side.
Speaker 1: Consider that the Washington Monument measures fifty five by fifty
Speaker 1: five ft at the base and is five hundred fifty
Speaker 1: five ft tall. That means that if you could somehow
Speaker 1: gather every scrap of gold that man is ever mined
Speaker 1: into one place, you could only build about one third
Speaker 1: of the Washington Monument with it. Platinum is even more
Speaker 1: scarce than gold. Only three point six million troy ounces
Speaker 1: are produced every year. It's specific gravity is twenty one
Speaker 1: point four five and it was discovered in the eighteenth century,
Speaker 1: not in three thousand BC. If you assume that the
Speaker 1: world has produced three point six million ounces per year
Speaker 1: for fifty years to estimate the total worldwide supply, all
Speaker 1: of the platinum in the world would fit into a
Speaker 1: cube about twenty meters on the side. In other words,
Speaker 1: all the platinum in the entire world would easily fit
Speaker 1: inside the average house. Do you have any ideas or
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