Humans will do almost anything for gold.
In fact, they will even suspend themselves 2.5 miles into the Earth – braving extreme temperatures, armed thieves, and constant seismic activity – just to mine a 30-inch gold reef.
Welcome to another day at Mponeng, the world’s deepest gold mine.
The Money Project is an ongoing collaboration between Visual Capitalist and Texas Precious Metals that seeks to use intuitive visualizations to explore the origins, nature, and use of money.
The day before the 2016 US Presidential Election, most pollsters and statistical models had pegged Hillary Clinton’s chances of winning at greater than 90%.
However, as we noted yesterday, the consensus view is not to be trusted in a post-Brexit world.
Here’s what went wrong:
With one of the world’s largest economies and a growing financial sector, China continues to rise as a global power.
The country’s currency, the Chinese yuan (officially the Renminbi), is also starting to mature. The most recent evidence of this? The IMF’s decision to include the yuan as a part of its SDR international reserve asset, a basket of major world currencies:
The dollar amounts are so staggering, that simply telling you how much money humans have created probably wouldn’t convey the magnitude.
However, by using data visualization in this video, we can relate numbers in the millions, billions, and trillions to create the context to make it more understandable.
When numbers get into the billions or trillions, they start to lose context.
The U.S. national debt is one of those numbers. It currently sits at $19.5 trillion, which is actually such a large number that it is truly difficult for the average person to comprehend.
In this motion-graphic video, we break down the full story behind Donald Trump’s wealth.
Not only do we examine his major business successes and failures, but we even look back at real estate’s prominent role in the history of the Trump family. To conclude, the video breaks down Trump’s net worth and financial history, while highlighting some of the help he has gotten along the way in building his fortune.
Extreme shortages of food and power continue to ravage the country of Venezuela, and ordinary people have been paying the price.
With triple-digit inflation, that “price” is expected to continue to soar even higher. The International Monetary Fund (IMF), in its most recent set April forecasts, expects inflation in Venezuela to hit 481% by the end of 2016.
Even scarier is the estimated pace of acceleration – by 2017, the IMF expects Venezuelan hyperinflation to climb to a whopping 1,642%.
Our brains have trouble computing numbers of this magnitude, so we created today’s infographic to put things in perspective. We look at it from two angles, including a historical comparison as well as a more tangible example.
Every year, the Cato Institute publishes a list of the world’s most “miserable countries” by using a simple economic formula to calculate the scores. Described as a Misery Index, the tally for each country can be found by adding the unemployment rate, inflation, and lending rate together, and then subtracting the change in real GDP per capita.
Bill Gates. Warren Buffett. Mark Zuckerberg. George Soros. Charles and David Koch.
On an individual level, the people that make the definitive list of the Top 50 Wealthiest Billionaires are interesting, divisive, and envied around the globe. Together, they are a real force to be reckoned with: their combined fortunes tally to $1.46 trillion, which is more money than the GDP of entire countries such as Australia or Spain.
Today’s data visualization, using the latest information from Wealth-X, takes an in-depth look at the world’s wealthiest billionaires by breaking down important data on age, location, and the source of their fortunes.