The amount of gold produced in the world throughout the ages (to the end of 1994) stands at about 3.7 billion oz., says CPM Group of New York.
According to the research and consulting company, some 86% of that total was mined since the turn of this century.
It is estimated that jewelry has accounted for 1.3 billion oz. Another 1.2 billion oz. resides in government coffers, including the vaults of the Commonwealth of Independent States and China.
(The following chart shows the cumulative world production and distribution of gold: (1) “Official stocks” include the holdings of the International Monetary Fund (IMF), the European Monetary Co-operation Fund (EMCF) and the Bank for International Settlements (BIS); (2) the totals are subject to rounding and other discrepancies in the historical data; and (3) it is assumed that most of the 202 million oz. recovered from scrap since 1977 has been from jewelry and decorative objects, and the metal thus recovered largely was used in the manufacture of new jewelry.)
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