page_title: Gold holdings
hierarchical_section_title: Gold holdings
caption_attribution_description: English: Official U.S. gold reserve since 1900
context_page_description: Gold holdings are the quantities of gold held by individuals, private corporations, or public entities as a store of value, an investment vehicle, or perceived as protection against hyperinflation and against financial and/or political upheavals.
  During the 19th and early 20th Century eras of the gold standard, national governments undertook an obligation to redeem the national currency for a certain amount of gold. In such times, the nation's central bank used its reserves to meet that obligation, backing some or all of the currency in issue with the metal it held.
  The World Gold Council estimates that all the gold ever mined totals 187,200 tonnes, as of 2017 but other independent estimates vary by as much as 20%. At a price of US$1,250 per troy ounce, marked on 16 August 2017, one tonne of gold has a value of approximately US$40.2 million. The total value of all gold ever mined would exceed US$7.5 trillion at that valuation, using WGC's 2017 estimates.
context_section_description: Gold holdings are the quantities of gold held by individuals, private corporations, or public entities as a store of value, an investment vehicle, or perceived as protection against hyperinflation and against financial and/or political upheavals.
  During the 19th and early 20th Century eras of the gold standard, national governments undertook an obligation to redeem the national currency for a certain amount of gold. In such times, the nation's central bank used its reserves to meet that obligation, backing some or all of the currency in issue with the metal it held.
  The World Gold Council estimates that all the gold ever mined totals 187,200 tonnes, as of 2017 but other independent estimates vary by as much as 20%.  At a price of US$1,250 per troy ounce, marked on 16 August 2017, one tonne of gold has a value of approximately US$40.2 million. The total value of all gold ever mined would exceed US$7.5 trillion at that valuation, using WGC's 2017 estimates.
caption: Official U.S. gold holdings since 1900
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