eli5: how is there only enough gold in the world to fit a cube under the Eiffel tower, when countries have gold reserves, gold jewellery is common and gold is frequently used in industrial appliances?

Question

eli5: how is there only enough gold in the world to fit a cube under the Eiffel tower, when countries have gold reserves, gold jewellery is common and gold is frequently used in industrial appliances?

In: 18

Answer 1

https://www.visualcapitalist.com/chart-how-much-gold-is-in-the-world/

Most countries don’t have much in the way of gold deposits.

Industry uses very little gold.

We’re still mining it, but they think we’ll run out of gold to mine in 18 years or something, if we don’t find new sources.