As of 2022, United States, owns no less than 200 million troy oz of 24k gold valued at roughly over 9 billion dollars.   Worldwide, there is roughly 244,000 metric tons of gold in circulation, which if put in one place, is actually surprisingly small by volume.   Equally surprising is the educated guess that 50% is circulated as jewelry, 20% in kept in private investment, 20% in government currency backing currency and 10% is used in industry. Gold has and always will have a place as long term value.

Due to its readily accepted value and portability, gold can be traded anywhere, though top dollar is always given for .9999 bullion.  We have seen .9999 purity gold sold without issue in Mexico, South America, South Asia, Asia, Middle East, Europe and of course America.  In our experience, .9999 bullion gold will always qualify as 24k, sell without issue within a couple points of an international or national spot price, like the Comex spot price, while all other karats of gold are subject to significant negotiation and guesswork.

The unarguable value of a piece of un-corrodible elemental gold 24k (.9999 fine) can be easily tested anywhere in the world by the touchstone method, x-ray fluorescence method, or at the minting stage, with the gold fire assay method.