The rarity of gold: Here’s an image of all of the world’s mined gold in history, in one cube with dimensions of 20.5m (65.6 feet). If it was all melted, it would fit within the confines of an Olympic Swimming Pool. All gold mined in history would weigh only 166,500 tons. Divided into four levels of percentage used (or held by governments), the greatest level is jewelry (50.5% of all gold), the 2nd level is private investment (18.7%), the third level is world governments (17.4%), and the lowest level is other uses for gold such as industry (13.4%). For the companies exploring for gold, a deposit that has more than one gram of gold for every ton of earth is an exciting prospect. In fact, in a 2013 report summarizing the world’s gold deposits, it was found that the average grade of gold deposits in the world is around that amount: about 1.01 gram per ton of earth. Think about that for a moment. One gram (0.035 oz) is equal to the mass of a small paper clip. This small amount of gold is usually not even in one place – it is dispersed through a ton of rock and dirt in smaller amounts, most of the time invisible to the naked eye. Gold is very rare. . . . . #themoreyouknow #tkp #tkpgold #goldisveryrare (at The Karat Patch - Big Spring, Texas) https://www.instagram.com/p/BnzF_RtjOP5/?utm_source=ig_tumblr_share&igshid=1vxslor9q51n6
