Tuesday 25th July 2017

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Visual Capitalist: Eleven stunning visualizations of gold show its value and rarity

by Jeff Desjardins | posted with permission of Visual Capitalist

The Money Project is an ongoing collaboration between Visual Capitalist and Texas Precious Metals that seeks to use intuitive visualizations to explore the origins, nature and use of money.

Since ancient times, gold has served a very unique function in society. Gold is extremely rare, impossible to create out of “thin air,” easily identifiable, malleable and does not tarnish. By nature of these properties, gold has been highly valued throughout history for every tiny ounce of weight. That’s why it’s been used by people for centuries as a monetary metal, a symbol of wealth and a store of value.

Visualizing gold’s value and rarity

With all that value coming from such a small package, sometimes it is hard to put gold’s immense worth into context. These 11 images help put things in better perspective.

1. The U.S. median income, as a gold cube, easily fits in the palm of your hand

11 stunning visualizations of gold show its value and rarity

 

2. A gold cube worth $1 million has sides that are two-thirds the length of a typical banknote

11 stunning visualizations of gold show its value and rarity

 

3. All the gold used for electrical connections in Space Shuttle Columbia would be worth $1.6 million today

11 stunning visualizations of gold show its value and rarity

 

4. Trump’s entire fortune of $3.7 billion, as a gold cube, would be shorter than Trump himself

11 stunning visualizations of gold show its value and rarity

 

5. As a gold cube, the entire value of the bitcoin market would fit in a hallway

11 stunning visualizations of gold show its value and rarity

 

6. The fortune of the richest man on earth, Bill Gates, would take up a single traffic lane

11 stunning visualizations of gold show its value and rarity

 

7. The world’s entire annual production of gold is just a 5.5-metre-sided cube

11 stunning visualizations of gold show its value and rarity

 

8. Take the 147.3 million ounces of gold out of Fort Knox, and it’s only slightly bigger

11 stunning visualizations of gold show its value and rarity

 

9. All gold held by the central banks pales in comparison to the Brandenburg Gate

11 stunning visualizations of gold show its value and rarity

 

10. All gold mined in human history is dwarfed by the Statue of Liberty

11 stunning visualizations of gold show its value and rarity

 

11. To pay off $63 trillion of global sovereign debt, you’d need a gold cube the size of a building

11 stunning visualizations of gold show its value and rarity

Liked these visualizations of gold cubes? Check out this motion graphic video that shows how much money has been created by humans.

The Money Project is an ongoing collaboration between Visual Capitalist and Texas Precious Metals that seeks to use intuitive visualizations to explore the origins, nature and use of money.

Posted with permission of Visual Capitalist.

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