If you became an owner of 1KG of gold. How rich does that make you compared to the rest of the world?
If you became an owner of 1KG of gold. How rich does that make you compared to the rest of the world?
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The current value for a kg of gold is just over 93,000 USD which is comparable to the median wealth of people living in the Republic of Ireland (median wealth of $95,872). It essentially puts you in the top 25 wealthiest nations in the world as far as I can tell
Wait a second, so if anyone found a 1KG of gold he is still pretty average?
I am surprised.
Average in the context of wealthy industrialized nations, but globally not even close to median. I went with median over average as well because there are far more impoverished people globally than there are wealthy, and on the other end the wealthy are often wealth hoarding at an insane rate. Median values help minimize the impact of extreme outliers
It just goes to show you how ridiculously wealthy the top couple of percent are.
If you got rid of the top 1% $90,000 in free cash would make you well off.
Depends on what you mean by average. Existing in a developed country puts you in the top 50% of wealth globally. Owning a home is probably top 25%.