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A gold reserve is the gold held by a national central bank, intended mainly as a guarantee to redeem promises to pay depositors, note holders (e.g. paper money ), or trading peers, during the eras of the gold standard, and also as a store of value, or to support the value of the national currency . The World Gold Council estimates that all the ...
For example, according to the World Gold Council, a typical cell phone may contain 50 mg of gold, worth about 2 dollars 82 cents. But since nearly one billion cell phones are produced each year, a gold value of US$2.82 in each phone adds to US$2.82 billion in gold from just this application. [186] (Prices updated to November 2022)
List of countries by GDP (nominal) Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. [ 2] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates.
Gold has outperformed the broader U.S. stock market this year, and Wall Street is turning more bullish on the precious metal. Wall Street sees gold nearing $3,000 after soaring more than 20% this year
Graphite flakes can cost around US$0.9/kg carbon. [20] Price of synthetic industrial diamond for grinding and polishing can range from 1200 to 13 300 USD/kg, while cost per weight of large synthetic diamonds for industrial applications can be on the order of million dollars per kilogram. [21] 7: N: Nitrogen: 0.0012506: 19 (5.263 × 10 17 kg) 0. ...
China has the world's sixth largest gold reserve, with over 2,000 tonnes of gold. [48] It spends around 2.43% of GDP on advance research and development across various sectors of the economy. [49] [50] With 791 million workers, the Chinese labor force was the world's largest as of 2021, according to The World Factbook.
The Digital Rupee (e₹) [ 39] or eINR or E-Rupee is a tokenised digital version of the Indian Rupee, issued by the Reserve Bank of India (RBI) as a central bank digital currency (CBDC). [ 40] The Digital Rupee was proposed in January 2017 and launched on 1 December 2022. [ 41]
The federal debt at the end of the 2018/19 fiscal year (ended September 30, 2019) was $22.7 trillion (~$27.1 trillion in 2023). The portion that is held by the public was $16.8 trillion. Neither figure includes approximately $2.5 trillion owed to the government. [ 83] Interest on the debt was $404 billion.