A gold reserve is the gold held by a national central bank, intended as a
store of value and as a guarantee to redeem promises to pay depositors,
note holders, or trading peers, or to secure a currency.
It has
been estimated that all the gold mined by the end of 2011 totalled
171,300 tonnes. At a price of US$1,500 per troy ounce, reached on 12
April 2013, one tonne of gold has a value of approximately US$48.2
million. The total value of all gold ever mined would exceed US$8.2
trillion at that valuation
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