Visualizing The World's Total Supply Of Gold

Gold prices have risen significantly, experiencing a gain of 50% despite some recent pullbacks from record highs. This price surge is fueled by geopolitical instability, a weaker dollar, and persistent inflation. Central banks and investors are significantly increasing their gold purchases, as evidenced by increased ETF inflows. The total above-ground gold stock reached 216,265 tonnes by the end of 2024, valued at $29 trillion. Including the estimated underground gold, the total reaches 348,375 tonnes, the combined value of all gold surpassing $47 trillion. This entire gold supply, if melded into a sphere, would be about the height of the White House. The amount of gold still underground forms the resources and the reserves. Roughly, 38% of the known gold supply remains unmined. At the rate of production, the current underground gold could be extracted in approximately four decades. The finite nature of gold, coupled with increasing demand, contributes to its high value for investors.