According to the internet Wikipedia (Encyclopedia): Gold is a chemical element with the symbol Au and atomic number 79, making it one of the higher atomic number elements that occur naturally. In its purest form, it is a bright, slightly reddish yellow, dense, soft, malleable, and ductile metal. Chemically, gold is a transition metal and a group 11 element
Estimates for all the gold in the world mined to date hover around 165,000 metric tons. Some estimates go as high as 1 million tons but most experts would agree that under 200,000 is accurate. World gold supplies are difficult to quantify. That is because gold reserves are not always reported accurately
So how much gold is left on Earth? It is typically stashed away in a vault or worn as jewellery. Estimates for all the gold in the world mined to date hover around 165,000 metric tons. Some estimates go as high as 1 million tons but most experts would agree that under 200,000 is accurate.
What will be the price of gold in the future? : Results from a certain research has predicted that the price of gold will surge by at least 260% at $5,000 an ounce by the year 2020. The prediction is quite bold and only three big catalysts can actually help gold hit a price of $5,000 an ounce in just three years and six months (2020)
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