Having a pumper in government hahahhha, I guess someone has to pay for the private gold mines the official get kick backs from.
Source: US Geological Survey Report - http://minerals.usgs.gov/minerals/pubs/country/2013/myb3-2013-kg.pdf Source: Prezi - http://prezi.com/6qwuvs0qxu2n/natural-resources-of-kyrgyzstan-that-will-surprise-you/ I'm guessing someone in Bishkek doesn't want all the gold just leaving the country as soon as it's out of the ground. China, another major gold producer, has been promoting private gold ownership in recent years for similar reasons. Stupidly fast growth in GDP per capita Source: UN Data - http://data.un.org/CountryProfile.aspx?crName=Kyrgyzstan
For Korea, amassing gold has been a time honoured tradition. I'm Korean and even now giving 24k gold rings to babies 1st birthday and other milestone dates is still very big in Korea. Just how much gold is there in the world that is not accounted for, I would say 100,000s of tons. Bearing in mind 227 tonnes of gold bullion were donated by the public to help the government pay off its debts. I remember reading in Korean news how astounded IMF was, that Korean had so much unaccounted gold, considering not everyone gave and those that did not everyone gave everything.
There is approximately 170 thousand tons of above ground gold, give or take several thousand. I highly doubt there are "100,000s of tons" more above ground and not accounted for. You are very good at pulling figures out of your arse
Lol did you read what I wrote, also what credence do you give 170,000 ton figure? Look at world gold council figures and that is just made up, ie maybe few hundred mines in the world even report their figures plus how much gold was dug during the gold rushes? If you were in a gold rush town do you think that prospector reported to officials that they got 50 ounces?
A prospector with 50 ounces of gold is going to sell it eventually. Admit it, you are pulling numbers out of your arse and are now squirming.
of course they are going to sell the gold. A prospector is there to make money not die of old age with it. The point is no one ever recorded. Yes it's a desirable metal but rare really anyone who wants it can get it. Why would I be squirming? It's an opinion on the numbers that are reported by a marketing organisation like gold council. Ie it's an expression saying there is shit loads gold more than what is reported. Do you believe what Debeers say about diamonds do you think they are rare?
Do you understand the difference in rarity? Diamonds: made from the 6th most common element in the universe and readily manufactured for industrial use. Gold: produced in supernova nucleosynthesis from the collision of neutron stars.
