This seems easy to figure out via web searches.
this post was submitted on 11 Feb 2025
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While a lot of questions can be figured out by web searches, most can lead to discussion. I just don't see how this one could. The amount of money 1kg of gold is worth is not subjective, nor is where that places you in world wealth.
It's like asking what 2+2 is. Yea, someone can answer for you. Or you can use a calculator and figure it out yourself.
On the plus side, at least they didn't post this to ~~asklemmy2~~ nostupidquestions!
A lot wealthier, but that's in significant part because most of the world is very poor relative to most people reading this. Some guy in Sudan isn't gonna be reading your post.
https://en.wikipedia.org/wiki/List_of_countries_by_wealth_per_adult
Median global wealth per adult (2023):
North America: $108,918
Europe: $28,611
China: $27,273
World: $8,654
Latin America: $6,341
Asia-Pacific (excluding China and India): $5,176
India: $3,755
Africa: $1,242
I think that you're going to have a hard time getting fine-grained data globally, though, because lots of countries just don't gather data and those that do often don't measure it in the same way. I really wish that the UK had stayed in Eurostat when leaving the EU, because now getting comparable data for the UK and EU isn't doable.
If it's the US (in 2021 dollars), on a per-household basis:
https://www.census.gov/content/dam/Census/library/publications/2023/demo/p70br-183.pdf
Median Wealth by Household Characteristics: 2021
Typically someone tends to build up assets during their working life, and spend them in retirement, so age is gonna be a factor.
Age of Householder
| Age | Wealth ($) |
|---|---|
| Under 35 | 30,500 |
| 35 to 44 | 126,900 |
| 45 to 54 | 186,000 |
| 55 to 64 | 276,000 |
| 65 to 69 | 341,400 |
| 70 to 74 | 373,900 |
| 75 and older | 315,900 |
Highest Level of Educational Attainment in Household
| Education | Wealth ($) |
|---|---|
| No high school diploma | 8,460 |
| High school graduate | 55,030 |
| Some college, no degree | 90,810 |
| Associate degree | 139,000 |
| Bachelor's degree | 266,600 |
| Graduate or professional degree | 555,900 |
Annual Household Income
| Quintile | Wealth ($) |
|---|---|
| First | 12,000 |
| Second | 61,260 |
| Third | 145,200 |
| Fourth | 269,100 |
| Fifth | 805,400 |
Also, just for good measure, since I suppose that "gold" would fall into "other asset holdings", you'd be pretty high relative to the norm in that category:
Composition of Wealth by Asset Type
| Category | Percent |
|---|---|
| Retirement accounts | 34.1% |
| Equity in own home | 28.5% |
| Stocks and mutual funds | 11.9% |
| Assets at financial institutions | 8.1% |
| Other asset holdings | 4.6% |
| Rental properties | 4.3% |
| Business assets | 3.9% |
| Other real estate | 3.6% |
| Vehicles | 3.2% |
| Bonds | 0.7% |
| Student loan and education-related expenses | -1.5% |
| Credit card and store bills | -0.5% |
| Medical debts | -0.5% |
| Other unsecured debts | -0.4% |
At current gold prices (Canada 11/02/25) that would be $133,537.92.
Where that stacks up against the rest of the world 🤷🏻♂️
Going by @[email protected]'s post, that'd put you a bit above the median American (or double you, if you're already a median American), or about a hundred Africans.
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.
Why surprised?
If you do the same as everybody does, then it is the exact definition of average.
If you were already average, it could double your wealth - which could translate to something like a bigger house, investments, or a lump sum that's huge compared to your normal available cash.
So I think it'd still be a pretty big deal unless you're rich. But I agree, less than I might have expected.
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%.
Yea the value is more like a nice car, not a house.
So it's not that much.
It's a lot and would change the life of most people on the planet especially if used smartly, but it's not a huge sum.
No, but surely it would be fun to calculate the weight, and how big must that yacht be that is able to carry it, if Massa Musk turns all his money into gold.
If he turns all his money into gold, how is he going to pay for the yacht?
Only the poor need to pay for everything that they buy.
That's a car and a pretty good steak dinner in my neck of the woods. Unsure what that would get you in other areas of the world.
What if you're a bicycle-loving vegan? Maybe an e-bike battery and a good herbal tea? I'd hope a kg of gold can get you at least two herbal teas