Amount of gold in the world?

[RoughDog]

Is it anywhere near accurate?

According to wikipedia https://en.wikipedia.org/wiki/Gold_reserve there's not that much.

Apparently Australia has 280 metric tons. 280 x 32,150 troy ounces.

The Perth mint sells out of 30,000 one ounce lunars every year, not far of a metric ton in the one ounce variation of one coin.  Take all different variations of all their coins and 280 metric tons doesn't sound like much.

Thoughts?

[TonyS]

For a mint like Perth they will have raw gold coming in over the weighbridge. The amount of bullion going out would in a perfect world equal what’s coming in with a margin of profit. Gold in reserve is a buffer.

 

I’d hazard a guess that if every country demanded their gold back from the holding countries the commodities market would kiss it’s arse goodbye.

 

How much real gold is there in the world?

How much “paper” gold is there in the world?

Answers, on a postcard to PO Box 1955, C/O Planet Spongle.

[5huggy]

7 hours ago, RoughDog said:

Australia has 280 metric tons.

this is with the "CENTRAL BANK" - "perth Mint" is a seperate business and will have its OWN supply/store

By way of example - Canada has basically "SOLD OUT" of gold from the CENTRAL BANK Reserves - But Canadian Mint trade a shedload all the time!

[5huggy]

 The REALLY SCARY FIGURES ARE - - - >>

The total value of all gold ever mined would exceed US$7.5 trillion at that valuation and using WGC 2017 estimates.

AND

US debt alone = =$22,505,853,000,000 (22.5 Trillion) ( NOT INCLUDING - unfunded liabilities)  - check it out here - "VIEWER CAUTION" is advised as VERY SCARY!

This why the likes of Jim Rodgers, Jim Rickards, Maloney,Morgan et al - believe that if gold revalues against these numbers - their maths equates to $10,000 Gold

[MetalMandible]

[HighlandTiger]

On 14/08/2019 at 10:23, 5huggy said:

This why the likes of Jim Rodgers, Jim Rickards, Maloney,Morgan et al - believe that if gold revalues against these numbers - their maths equates to $10,000 Gold

I'd like them numbers, I could retire tomorrow.  

[5huggy]

4 minutes ago, HighlandTiger said:

I'd like them numbers, I could retire tomorrow.  

Too right @HighlandTiger  SO which island shall we buy between us  ?  or MAYBE a small country !! 😉😊

[5huggy]

I love this IDEA TOO!!

[HighlandTiger]

5 minutes ago, 5huggy said:

Too right @HighlandTiger  SO which island shall we buy between us  ?  or MAYBE a small country !! 😉😊

I've always had my eye on this one.

 https://en.wikipedia.org/wiki/Sanda_Island

But i doubt the current owner will sell.  

[5huggy]

18 minutes ago, HighlandTiger said:

I've always had my eye on this one.

 https://en.wikipedia.org/wiki/Sanda_Island

But i doubt the current owner will sell.  

ONLY up the road for me and bit cold and wet for me personally 

I was thinking "WE" could get this one between us and just live off the RENTAL INCOME 🤣

https://en.wikipedia.org/wiki/Cyprus

[LexaTrikru]

Just because I find it interesting: In Munich there is a precious metal seller "proaurum". They built the building in form of a gold bar with size of 42 by 23 by 8 meters which has a volume of all the gold above ground.

 

[5huggy]

25 minutes ago, LexaTrikru said:

Just because I find it interesting: In Munich there is a precious metal seller "proaurum". They built the building in form of a gold bar with size of 42 by 23 by 8 meters which has a volume of all the gold above ground.

 

Ich wünschte, das wäre real und wäre mein Haus - danke, mein Freund

[5huggy]

Entschuldigung Freund, ich bin nur ein dummer Engländer - aber dieser Beitrag ist fantastisch

[5huggy]

13 minutes ago, 5huggy said:

Entschuldigung Freund, ich bin nur ein dummer Engländer - aber dieser Beitrag ist fantastisch

Vielen Dank Kumpel

[5huggy]

59 minutes ago, LexaTrikru said:

Just because I find it interesting: In Munich there is a precious metal seller "proaurum". They built the building in form of a gold bar with size of 42 by 23 by 8 meters which has a volume of all the gold above ground.

 

OH SO COOL - - I WANT ONE!!!  in real AU 999999999999999999999999999999.9 

[RacerCool]

On 13/08/2019 at 20:04, TonyS said:

How much real gold is there in the world?

All I know is that I wouldn't mind if there was a little more to be found in my tiny corner of the world.