How Much Does $16,000 of Gold Weigh?

What is the weight of $16k in gold? Weight of 16,000 U.S. dollars worth of gold.

Value

Currency

Metal

$16,000 of Gold Weighs
6.709 troy ounces
7.361 ounces
208.7 grams

Market prices as of April 16, 2024

Is Gold a Good Store of Value?

For very long periods of time, yes, gold is an excellent store of value.

Before 1971, the U.S. was on the gold standard. This meant that the price of gold was fixed at $35 per troy ounce. Since that time however, the price of gold has increased by about 8% per year, more than twice the rate of inflation, and much more than bank interest rates.

This doesn't mean that there haven't been ups and downs. Between 1980–2000, the price of gold declined considerably.

However, with governments printing more and more money due to the Covid-19 and pension crises, it seems likely that gold will continue to hold its value well.

Value of All the Gold in the World

According to Wikipedia, there were 201,296 metric tons of gold above ground as of 2020.

With a current price of $2,385 per troy ounce, this means that all the gold in the world is worth $15.4 trillion.

Value of Gold Mined per Year

In the year 2022, the world mined about 3,300 metric tons of gold, adding about 1.6% to the world supply. At current prices, this gold would be worth $253 billion.

Nearby Results

USD Value	Troy Ounces
16,000	6.709
16,010	6.713
16,020	6.717
16,030	6.722
16,040	6.726
16,050	6.730
16,060	6.734
16,070	6.738
16,080	6.743
16,090	6.747
16,100	6.751
16,110	6.755
16,120	6.759
16,130	6.764
16,140	6.768
16,150	6.772
16,160	6.776
16,170	6.780
16,180	6.784
16,190	6.789
16,200	6.793
16,210	6.797
16,220	6.801
16,230	6.805
16,240	6.810
16,250	6.814
16,260	6.818
16,270	6.822
16,280	6.826
16,290	6.831
16,300	6.835
16,310	6.839
16,320	6.843
16,330	6.847

USD Value	Troy Ounces
16,340	6.852
16,350	6.856
16,360	6.860
16,370	6.864
16,380	6.868
16,390	6.873
16,400	6.877
16,410	6.881
16,420	6.885
16,430	6.889
16,440	6.894
16,450	6.898
16,460	6.902
16,470	6.906
16,480	6.910
16,490	6.914
16,500	6.919
16,510	6.923
16,520	6.927
16,530	6.931
16,540	6.935
16,550	6.940
16,560	6.944
16,570	6.948
16,580	6.952
16,590	6.956
16,600	6.961
16,610	6.965
16,620	6.969
16,630	6.973
16,640	6.977
16,650	6.982
16,660	6.986
16,670	6.990

USD Value	Troy Ounces
16,680	6.994
16,690	6.998
16,700	7.003
16,710	7.007
16,720	7.011
16,730	7.015
16,740	7.019
16,750	7.024
16,760	7.028
16,770	7.032
16,780	7.036
16,790	7.040
16,800	7.044
16,810	7.049
16,820	7.053
16,830	7.057
16,840	7.061
16,850	7.065
16,860	7.070
16,870	7.074
16,880	7.078
16,890	7.082
16,900	7.086
16,910	7.091
16,920	7.095
16,930	7.099
16,940	7.103
16,950	7.107
16,960	7.112
16,970	7.116
16,980	7.120
16,990	7.124

How Much Does $16,000 of Gold Weigh?

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