This statistic illustrates the world mine reserves of gold as of 2014, by country. In that year, the United States was estimated to have some three thousand metric tons of gold reserves in mines. Thus, the U.S. was within the top 6 countries based on mine reserves of gold.
The impact of gold
Australia and South Africa hold a large share of the world’s gold mine reserves, accounting for 9,900 metric tons and 6,000 metric tons, respectively. Worldwide, the production of gold reached 2,860 metric tons in 2014. China currently produces about 14 percent of the world’s gold.
Gold is known for its bright lustrous yellow color and was often used as a monetary standard in the past. It is a precious metal mostly used in jewelry, for investments, and in coinage. India manufactured a large share of the world’s gold jewelry, totaling 618 metric tons in 2012. In fact, jewelry accounted for most of the world’s gold, totaling 1,908 metric tons in 2012. The United States holds about 73.3 percent of its total monetary holdings as gold reserves; Switzerland holds about 8.9 percent of its holdings as gold. This transition metal is also valued for its ductile, malleable, and non-reactive characteristics. Thus, it is also used industrially, often as electrical connectors, infrared shielding and colored-glass protection. The price of gold can vary, it reached a recent low in the early 2000s at 279 U.S. dollars per troy ounce in 2000 and increased to 1,669 U.S. dollars per troy ounce in 2012.