Divide this figure by a world population of 6.88 billion and you get 0.75 ounces per capita. But 0.75 ounces per person means little. Obviously, a lot of people don't own any gold. For those looking to invest in gold, the best place for Gold IRA is a great option.
How much gold does the average American consume?From the family? It's a deceptively simple question that has a very complicated answer. For one thing, there are no reliable statistics on private gold ownership in the U.S. UU. And certainly people aren't going to volunteer this very personal information either.
However, I believe that this issue will become increasingly important as our global monetary system is inevitably reordered in the coming decades. Before trying to answer this question about U.S. private ownership of gold, let's talk for a moment about official U.S. ownership.
The U.S. Department of the Treasury currently holds more than 8,133 metric tons, or 261,498,926 troy ounces, of fine gold in secure facilities across the country. More than 50% of this stash, approximately 4,583 metric tons, is stored in the world-famous United States ingot depot in Fort Knox (Kentucky), where it is guarded by an active U.S. vessel,.
In any case, these aren't really the numbers we're looking for. Instead, we want the average private ownership of gold by the U.S. . Domestic gold is undoubtedly preserved in the form of solid carat gold jewelry.
Most solid carat gold jewelry ranges from 9-carat gold (37.5% fine) to 18-carat gold (75% fine). However, most people own far less solid carat gold jewelry than they think. It's much more common to find jewelry in the U.S. Home, which I loosely define as gold-plated and gold-plated jewelry.
Gold-filled jewelry has a thick layer of carat gold that is mechanically fused with a copper alloy base. In contrast, gold-plated jewelry is made by electroplating a very thin layer of gold directly onto the base metal. Gold-filled jewelry can often be economically recycled because of its gold content, provided that it is judiciously mixed with solid karat gold jewelry before being sent to the refinery. However, the fine gold content of gold-plated jewelry by weight ranges from 2.1% to 7.5%, substantially lower even than that of the lowest solid carat gold alloys.
Because it's so diluted, it takes a lot of gold-filled jewelry to accumulate a significant amount of pure gold. Of course, the only problem is that electronic devices don't contain much gold. Since the price of gold has risen steadily over the past 15 years, hardware manufacturers have done their best to reduce the amount of gold used in electronics. This makes recovering gold from computer scrap very difficult.
Despite this, there is a booming market for electronic scrap on platforms such as eBay. The household has, in total, only a few hundredths of a gram of gold stored in electronic equipment and computers. There are some conclusions that we can draw from our estimate of the US average. First of all, it's safe to assume that these private gold holds don't represent a significant addition to most people's net worth.
Second, we can deduce that the silver stocks of most American households are also proportionately low; applying a traditional multiplier of 15 times to gold holds probably gives a reasonable estimate of household silver stocks. Third, we can assume that the median U, S. The family value of all other tangible assets, such as gemstones, antiques and works of art, is also quite small. A huge dislocation is taking place in the paper asset markets, where most Americans currently have most of their net worth (not real estate).
Solid assets, such as precious metals, gemstones, works of art and antiques, can serve as a buffer during this future period of financial chaos. But it doesn't work if you don't have any. Read more articles on thought-provoking ancient sage materials here. Read the detailed investment guides on Antique Sage here.
The AntiqueSage website does not offer investment advice. All comments on this site are only an expression of opinion and in no way constitute a recommendation to buy, sell or trade stocks, bonds, commodities, collectibles, antiques, works of art or any other financial instrument. It reports the largest gold reserves in all countries. With almost an ounce for every American citizen, the country has more than 8,100 tons in its vaults.
However, even this number is a bit of a mystery, as many believe that the world's most famous gold deposit, Fort Knox, may not contain as much gold as reported. A new survey highlights what the average American thinks about the ownership of precious metals. In the midst of economic uncertainties, precious metals such as gold and silver can be a good hedge for a diversified portfolio. For example, central banks use their gold holdings to guarantee foreign governments their economic stability and credit solvency.
In addition, the fact that more Americans own silver instead of gold is intriguing, said Amine Rahal, executive director of the Gold IRA Guide. Gold IRA Guide, a consolidated publication that provides investors and retirees with all the relevant information about investing in precious metals, released the survey. For investors who want to, precious metals such as gold and silver can be a good addition to a diversified portfolio. Gold reserves were evenly distributed among the approximately 125.8 million U.S.
households, totaling about 2.08 troy ounces (64.7 grams) of gold per household. .