Currently, the price of gold is about 40 percent higher than the previous peak, adjusted for inflation in 1980. This indicator indicates that it is perceived by investors as a reliable means of preserving value.
According to the new infographic, by the end of 2024, the world's gold reserves looked like this: the largest part is jewelry, the total volume of which amounted to 97,149 tons. India became the largest buyer of gold for jewelry last year, receiving 560 tons. China took second place, purchasing 510 tons of gold. In these countries, gold is usually considered one of the important elements of everyday life and closely connected with rituals.
Also, the total volume of investment funds traded on the exchange, backed by ingots, coins, and gold, amounted to 48,634 tons, which is significantly higher than the reserves of central banks (37,755 tons). By the end of 2024, the central banks of the USA, Germany, and Italy had the largest gold reserves.
Gold also plays a significant role in industry. 32,727 tons of gold are used in electronics, dentistry, and other technologies. This gold is used as semiconductor chips and connecting wires due to its high conductivity properties.
This data further reminded us of the important role of gold in the economic and industrial spheres and showed its importance as a means of filling gaps and preserving value.
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