Visualizing Gold’s Value And Rarity

Gold's Value in Black SandSince Ancient times, Visual Capitalist’s Jeff Desjardins explains, gold has served a very unique function in society.

Gold is extremely rare, impossible to create out of “thin air”, easily identifiable, malleable, and it does not tarnish. By nature of these properties, gold has been highly valued throughout history for every tiny ounce of weight. That’s why it’s been used by people for centuries as a monetary metal, a symbol of wealth, and a store of value.

Visualizing Gold’s Value and Rarity

With all that value coming from such a small package, sometimes it is hard to put gold’s immense worth into context.

The following 11 images help to capture this about gold, putting things into better perspective.

1. The U.S. median income, as a gold cube, easily fits in the palm of your hand.

Gold cubes for Visualizing Gold's Value And Rarity - Monopoly

2. A gold cube worth $1 million, has sides that are 2/3 the length of a typical banknote.

Gold cubes for Visualizing Gold's Value And Rarity - One Million Dollars

3. All gold used for electrical connections in the Columbia Space Shuttle would be worth $1.6 million today.

Gold cubes for Visualizing Gold's Value And Rarity - Space Shuttle

4. Trump’s entire fortune of $3.7 billion as a gold cube would be shorter than Trump himself.

Gold cubes for Visualizing Gold's Value And Rarity - Donald Trump's Net Worth

5. As a gold cube, the entire value of the Bitcoin market would fit in a hallway.

Gold cubes for Visualizing Gold's Value And Rarity - Bitcoin Market

6. The fortune of the richest man on Earth, Bill Gates, would take up a single traffic lane.

Gold cubes for Visualizing Gold's Value And Rarity - Bill Gates' Net Worth

7. The world’s entire annual production of gold is just a 5.5m sided (18 ft) cube.

Gold cubes for Visualizing Gold's Value And Rarity - Global Annual Gold Production

8. Take the 147.3 million oz of gold out of Fort Knox, and it’s only slightly bigger.

Gold cubes for Visualizing Gold's Value And Rarity - Gold Reserves held by Fort Knox

9. All gold held by the Central Banks pales in comparison to the Brandenburg Gate.

Gold cubes for Visualizing Gold's Value And Rarity - All Gold held by Central Banks

10. All gold mined in human history is dwarfed by the Statue of Liberty.

Gold cubes for Visualizing Gold's Value And Rarity - All Gold Mined in Human History

11. To pay off $63 trillion of global sovereign debt, you’d need a gold cube the size of a building.

Gold cubes for Visualizing Gold's Value And Rarity - All Global Sovereign Debt

Liked our visualizations of gold cubes? Check out this motion graphic video that shows how much money has been created by humans.

The Money Project is an ongoing collaboration between Visual Capitalist and Texas Precious Metals that seeks to use intuitive visualizations to explore the origins, nature, and use of money.

Source: ZeroHedge.com

Photo credit: shutterbusterbob via Visualhunt.com / CC BY-NC-SA


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