At almost one ounce for every U.S. citizen, the country has more than 8,100 tons in its vaults. However, even this number has a bit of mystery, as many believe that the world's most famous gold deposit, Fort Knox, may not contain as much gold as reported. How much gold does the US average consume? For those looking to invest in gold, the best option is to invest in a Best Gold IRA.UU.?.
Own family member? It's a deceptively simple question that has a very complicated answer. On the one hand, there are no reliable statistics on private gold ownership in the U.S. UU. And 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 inevitably reorders itself in the coming decades. Before we try to answer this question about private gold ownership in the United States, 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 cache, 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 American. In any case, these aren't really the numbers we're looking for. Instead, we want the average private ownership of gold per U.S.
Or, more specifically, we want the average level of gold ownership by the U.S. Domestic gold, without a doubt, remains in the form of solid carat gold jewelry. Most solid gold jewelry ranges from 9-carat gold (37.5% fine) to 18-carat gold (75% fine). However, most people own far less solid gold jewelry than you think.
It's much more common to find jewelry in the US average. Home, which I vaguely define as gold-filled and gold-plated jewelry. Gold-filled jewelry has a thick layer of karat gold that is mechanically fused with a copper alloy base. By contrast, gold-plated jewelry is made by depositing a very thin layer of gold directly onto the base metal.
Gold-filled jewelry can often be recycled economically because of its gold content, as long as it is judiciously mixed with solid carat gold jewelry before being sent to the refinery. However, the fine gold content of gold-filled jewelry by weight ranges from 2.1% to 7.5%, considerably lower than even the lowest solid gold alloys in carats. Because it is 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 electronics don't contain much gold.
As the price of gold has steadily increased over the past 15 years, hardware manufacturers have done everything possible to reduce the amount of gold used in electronics. This makes it very difficult to recover gold from computer scrap. Despite this, there is a thriving electronic scrap market on platforms such as eBay. The household has, together, only a few hundredths of a gram of gold stored in electronic equipment and computers.
There are a few conclusions we can draw from our estimate of the US average. First of all, it's safe to assume that these private gold holdings don't represent a significant addition to most people's net worth. Second, we can infer that most American households' silver holdings are also proportionately low; applying a traditional 15-fold multiplier to gold holds is likely to give a reasonable estimate of household silver holdings. Third, we can assume that the median of EE,.
The family value of all other tangible assets, such as gemstones, antiques and works of art, is also quite small. A huge dislocation is looming in the paper asset markets, where most Americans currently hold most of their net worth (not real estate). Hard 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.
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This lack of data on the audit of US gold reserves. Speculation is increasing and doubts increase as to whether the official figures of the United States Gold Reserve are actually accurate. Since its creation, investors and gold collectors from around the world have purchased more than 20,000,000 ounces of American Eagle gold coins. Gold reserves were evenly distributed among approximately 125.8 million American households, totaling approximately 2.08 troy ounces (64.7 grams) of gold per household.
Many believe that U.S. gold reserves have been lost or are hampered by gold leasing programs that intensified in the 1990s (i. None of the above facts and points change the truth that American Gold Eagle coins from the United States Mint are still the first choice for buyers of gold ingot coins in the U.S. and all over the world (according to sales data from the mint.
The World Gold Council, which compiles and disseminates mountains of statistics on gold, says it cannot provide an estimate of the number of Americans who own gold as an investment. . .