How much gold does the average u, s. citizen own?

However, they are also known to underestimate or exaggerate their possessions for specific political or financial reasons. It reports the largest gold reserves in all countries. With almost an ounce for every American citizen, the country has more than 8,100 tons in its vaults. How much gold does the average American consume?.

From the family? It's a deceptively simple question that has a very complicated answer. For one thing, there are no reliable statistics on private gold ownership in the U.S. UU. And certainly people aren't going to volunteer this very personal information either.

However, I believe that this issue will become increasingly important as our global monetary system is inevitably reordered in the coming decades. Before trying to answer this question about U.S. private ownership of gold, let's talk for a moment about official U.S. ownership.

The U.S. Department of the Treasury currently holds more than 8,133 metric tons, or 261,498,926 troy ounces, of fine gold in secure facilities across the country. More than 50% of this stash, approximately 4,583 metric tons, is stored in the world-famous United States ingot depot in Fort Knox (Kentucky), where it is guarded by an active U.S. vessel,.

In any case, these aren't really the numbers we're looking for. Instead, we want the average private ownership of gold by the U.S. Or, more specifically, we want the average level of gold ownership per U.S. Domestic gold is undoubtedly preserved in the form of solid carat gold jewelry.

Most solid carat gold jewelry ranges from 9-carat gold (37.5% fine) to 18-carat gold (75% fine). However, most people own far less solid carat gold jewelry than they think. It's much more common to find jewelry in the U.S. Home, which I loosely define as gold-plated and gold-plated jewelry.

Gold-filled jewelry has a thick layer of carat gold that is mechanically fused with a copper alloy base. In contrast, gold-plated jewelry is made by electroplating a very thin layer of gold directly onto the base metal. Gold-filled jewelry can often be economically recycled because of its gold content, provided that it is judiciously mixed with solid karat gold jewelry before being sent to the refinery. However, the fine gold content of gold-plated jewelry by weight ranges from 2.1% to 7.5%, substantially lower even than that of the lowest solid carat gold alloys.

Because it's so diluted, it takes a lot of gold-filled jewelry to accumulate a significant amount of pure gold. Of course, the only problem is that electronic devices don't contain much gold. . This makes recovering gold from computer scrap very difficult.

Despite this, there is a booming market for electronic scrap on platforms such as eBay. The household has, in total, only a few hundredths of a gram of gold stored in electronic equipment and computers. There are some conclusions that we can draw from our estimate of the US average. First of all, it's safe to assume that these private gold holds don't represent a significant addition to most people's net worth.

Second, we can deduce that the silver stocks of most American households are also proportionately low; applying a traditional multiplier of 15 times to gold holds probably gives a reasonable estimate of household silver stocks. Third, we can assume that the median U, S. The family value of all other tangible assets, such as gemstones, antiques and works of art, is also quite small. A huge dislocation is taking place in the paper asset markets, where most Americans currently have most of their net worth (not real estate).

But it doesn't work if you don't have any. Read more articles on thought-provoking ancient sage materials here. Read the detailed investment guides on Antique Sage here. The AntiqueSage website does not offer investment advice.

All comments on this site are only an expression of opinion and in no way constitute a recommendation to buy, sell or trade stocks, bonds, commodities, collectibles, antiques, works of art or any other financial instrument. Gold reserves were evenly distributed among the approximately 125.8 million U.S. households, totaling about 2.08 troy ounces (64.7 grams) of gold per household. Several bankers and economists concluded that this gold was smuggled out of the country or was permanently accumulated, but no one will ever know for sure how much was actually there.

Some people can buy large amounts of coins and there's no easy way to track the secondary currency markets or the number of non-American people buying gold in the United States. That represents a new supply each year of hundreds of thousands of coins, and some Americans also buy gold bars and coins from other countries. The World Gold Council, which gathers and disseminates mountains of statistics on gold, says it cannot provide an estimate of the number of Americans who own gold as an investment. These conjectures suggest that between 2.5 and 25 million Americans own gold as an investment, a range so wide that any concrete analysis is impossible.

Interestingly, the higher an American's household income, the less likely they are to choose gold as the best long-term investment and the more likely they are to choose real estate or stocks and mutual funds. .

Eric Rizvi
Eric Rizvi

Devoted pizza fan. Wannabe web expert. Incurable zombie guru. Devoted bacon geek. Freelance music ninja.

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