QUIZ - How much do you know about gold?
How much do you know about gold?
Choose the correct answer:
1/ What do "black gold" and "liquid gold" mean?
a) earth and sun
b) expensive and cheap gold
c) oil and water
2/ How much gold exists in the world?
a) about 20 tonnes
b) about 200,000 tonnes
c) about 2,000,000 tonnes
3/ How much gold do we mine now per year?
a) about 200 tonnes
b) about 2,000 tonnes
c) about 20,000 tonnes
4/ What percentage of the world's gold is now kept in the Federal Reserve in Manhattan?
a) about 5%
b) about 25%
c) about 50%
5/ When was the US dollar separated from the value of gold?
a) 1971
b) 1981
c) 1991
6/ People first used gold as money in (what is now) Turkey in:
a) 600 BC
b) 100 BC
c) 100 AD
7/ How much does one ounce of gold cost now?
a) $1,000
b) $5,000
c) $10,000
8/ How much gold do mining companies in South Africa say they lose to illegal miners?
a) 1%
b) 5%
c) 10%
Now read this to check your answers: