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

How big is this cube? It is estimated that there are about 250,000 tonnes of known gold in the world (of which 200,000 tonne have been mined). That could fit into a cube if that cube is large enough.