The abundance of gold in the Earth's crust is estimated to be about 0.005 parts per million. That makes it one of the ten rarest elements in the Earth's crust. Gold is thought to be much more common in the oceans. Some people believe as much as 70 million tons of gold are dissolved in seawater. They also think there may be another 10 billion tons on the bottom of the oceans. So far, however, no one has found a way to mine this gold.