Gold and Silver Reserve: The history of gold and silver is very old. Apart from purchasing it in the form of jewellery, people also invest in it as a safe asset. Not only the common man, governments also focus on increasing gold reserves to strengthen their economy. People turn to gold and silver during economic fluctuations or political instability because unlike paper currency, their value remains the same or increases.

This is why gold is everyone’s favorite

Britain’s coin manufacturing company ‘Royal Mint’ says that gold is at the top as a safe asset. Along with providing stability, it protects from inflation and also provides mental peace during financial crisis. Along with gold, silver is also considered better for investment. Amidst all this, people often wonder which is the country where the earth spits out gold. Today we are going to clear this doubt of yours through this news.

Which country has the most gold?

The largest gold reserves in the world are in Russia and Australia. According to the report of US Geological Survey, gold mining is done on a large scale in Siberia of Russia and Western Australia of Australia. Russia’s gold production in 2024 was about 310 metric tons annually.

Australia is estimated to have about 12,000 metric tons of gold reserves, with an annual gold production of about 320-330 metric tons. This is followed by Canada and China, whose estimated reserves are about 3,200 metric tons and 3,100 metric tons respectively. America also has large reserves of gold, about 3,000 metric tons.

Where is there most silver?

The largest amount of silver in the world is found in Peru, Africa. There are estimated to be around 140,000 metric tons of silver reserves here. From here, silver is supplied to the rest of the world on a large scale. Peru’s Antamina mine has contributed the most to this. Russia is in second place with about 92,000 metric tons of silver reserves, which has continued its mining work despite geopolitical challenges. China ranks third with about 70,000 MT, while Poland has significant silver reserves of about 61,000 MT, making it the ‘Silver Powerhouse’ of Europe. Mexico has reserves of about 37,000 metric tons of silver.

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The treasure is hidden in the oceans of the world. According to scientists, about 200 million tonnes of gold is dissolved in sea water. One gram of gold is found in every 10 million metric tons of seawater. Because of this, the amount of gold is very subtle, but when it is seen globally, its value is judged in trillion dollars. According to estimates, the price of gold present in the sea can be around $ 2000 billion, but the question is, if so much gold, why can’t we remove it?

Gold in the oceans is presented due to natural causes. Rains and rivers rub the rocks and the gold present in them reaches the sea. On sea level, hydrothermal vents release minerals and warm water, which dissolves in water. Sea volcanic activities also contribute to it. This process has been going on for thousands of years.

Efforts to remove gold

Scientists have many times used to extract gold from the sea. In 1941, an electric-regional method was suggested, but its cost was several times more than the price of gold. In 2018, a new technology was described in which a particular substance absorbs gold, but it is not possible to apply it on a large scale.

Technical and economic challenges

One liter of seawater is only less than 1 nanogram. It is very difficult and expensive to separate such a subtle amount from billions of liters of water. This is the reason that this mining is not beneficial in today’s situation.

Will it be possible to remove gold from the sea in future?

Despite the development of technology, extracting gold from sea water is not economically practical. If there are revolutionary changes in nano-technology and chemical engineering in future, then this process can be easier. Then this mining will have a profound impact on the global supply and pricing of gold, but right now it is only a matter of scientific imagination and research.

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