KnowledgeCash - Infolope

Gold global value

It has been estimated that all the gold mined up to 2006 totaled 158,000 tonnes. At a price of US$1000/oz., exceeded in 2008 and 2009, one tonne of gold has a value of approx. US$32.15 million. The total value of all gold ever mined would exceed US$5 trillion at that valuation.

At the end of 2004, central banks and investment funds held 19% of all above-ground gold as bank reserve assets.

About one percent of all above-ground gold (370 metric tonnes) was mined in the first five years of the California Gold Rush

The The Swiss National Bank (SNB) is the central bank of Switzerland.

SNB manages the official gold reserves of Switzerland, which as of 2008 amount to 1145 tonnes and are valued at 30.5 billion

In 1945, Switzerland joined the Bretton Woods system and pegged the franc to the U.S. dollar at a rate of $1 = 4.30521 francs (equivalent to 1 franc = 0.206418 grams of gold). This was changed to $1 = 4.375 francs (1 franc = 0.203125 grams of gold) in 1949.

Between mid-2003 and mid-2006, the franc's exchange rate with the euro had been stable at a value of about 1.55 CHF per euro, so that the Swiss franc has risen and fallen in tandem with the euro against the U.S. dollar and other currencies. In March 2008 the Swiss franc traded above one U.S. dollar for the first time.

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