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How much gold has been extracted from earth since inception?

Why gold is so rare and valuable?

Shrinivas

3/18/20261 min read

Gold is often seen as abundant because it has been used for thousands of years, but the reality is quite the opposite. Since the beginning of human history, only about 22 crore kilograms (roughly 220,000 tonnes) of gold has ever been mined. This entire quantity is so limited that it could fit into a cube measuring just about 22 meters on each side.

What makes this even more fascinating is when we divide this total gold by the world’s population. The result is surprisingly small—just a few grams per person. That’s less than the weight of a small coin. This simple perspective highlights how incredibly scarce gold truly is.

Unlike paper currency or digital assets, gold cannot be created at will. Its supply grows very slowly, requiring immense effort, time, and cost to extract from the earth. This rarity is the core reason why gold has held its value across centuries and continues to be trusted as a store of wealth.

In a world where most things can be produced endlessly, gold stands apart—finite, tangible, and genuinely rare.