Gold is one of the most valuable currencies since ancient times, and it remains one of the most stable currencies today.
In commercial centers in major cities, there are numerous gold shops selling a variety of gold accessories. Although they are not cheap, many people still purchase them. Especially during weddings nowadays, it is basically expected that you prepare several taels of gold. Gold is a necessity, which puts a lot of pressure on many families.
Gold jewelry.
Everyone knows that rare items are precious, and the reason gold is expensive is due to its relative scarcity. But is that really the case?
According to related data, some scientists have estimated based on the elemental ratios of Earth that the gold content on Earth is approximately one part per trillion of the planet. Therefore, the total gold content on Earth is about 60 trillion tons, and with a global population of over 7 billion people, this means there is about 7,000 tons of gold available for each person.
Gold mining site.
It is not that we do not want to mine more gold, but rather gold is extremely difficult to extract. Most of it lies deep underground, making mining very challenging and costly. Currently, the deepest well on Earth is 12,262 meters deep, and at depths over 9,000 meters, the gold content standard is much higher than the usual mining threshold, exceeding 80 grams per ton. (Stories about miners finding gold nuggets in riverbeds are purely fictional, a product of human imagination and desire).
Even though Earth has abundant gold reserves, large-scale mining is still not feasible.
However, the key factor is that if you want to mine gold at a depth of 10,000 meters, the cost and difficulty of extraction are too high to make it viable.
Thus, based on current technological capabilities and practical circumstances, while it is known that Earth has ample gold reserves, it cannot be mined in large quantities. Gold will continue to hold significant value for a long time.
