28 October 2022

205,000

During the conference organized by the jeweler L’Or du Monde (pioneers in the use of recycled gold), the Systext association painted an apocalyptic picture of gold extraction. The World Gold Council (the leading official body in the sector) estimates that 205,000 tons of the precious metal have been mined from ancient times until now. Systext said these 205,000 tons would fit into a cube measuring only 22 meters on each side! Recycled, this gold would more than meet the needs of the various industries. Remember that jewelry still uses 55% of the gold mined each year, with 25% being reserved for investments and 12% for central bank reserves. Jewelry also uses 17% of the silver and 22% of the platinum mined.

 

Image @ Systext

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