Did you know gold is more plentiful than lead when you analyze the bulk composition of the Earth?
You’re probably thinking, ‘Wait a minute, I thought gold was rare!’
deposits. Combining the results of this study with existing studies ultimately improves our understanding of how gold deposits form and can have a positive impact on exploration.”
According to the World Gold Council, an estimated 212,582 tonnes of gold have been mined throughout history. If every ounce of this gold was melted into a cube, it would only measure around 22 meters on each side.
The US Geological Survey estimates there are about 50,000 tonnes of minable gold in the ground.
So, while gold is plentiful in the earth, it is extremely rare at ground level. That scarcity is one of the characteristics that makes gold so valuable.
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