Has anyone done a comparison of published gold holdings vs assumed historical total gold production? I wonder how they would compare. When I was studying divinity, there were an accredited 12 foreskins of Jesus scattered throughout the European churches. (What a guy!) Similarly, with all the gold stockpiles quoted, would this exceed total gold production?
https://www.gold.org/about-gold/gold-supply/gold-mining/how-much-gold Total above ground stocks (end-2017) Total above ground stocks: 190,040 tonnes Jewellery: 90,718 tonnes, 47.7% Private investment: 40,035 tonnes, 21.1% Official sector: 32,575 tonnes, 17.1% Other: 26,711 tonnes, 14.1% Below ground reserves: 54,000 tonnes Source: Metals Focus; GFMS, Thomson Reuters, US Geological Survey, World Gold Council https://www.businessinsider.com.au/gold-countries-that-hold-largest-reserves-2019-4?r=US&IR=T 10. India Official gold holdings: 608.7 tonnes 9. Netherlands Official gold holdings: 612.5 tonnes 8. Japan Official gold holdings: 765.2 tonnes 7. Switzerland Official gold holdings: 1,040 tonnes 6. China Official gold holdings: 1,874.3 tonnes 5. Russia Official gold holdings: 2,150.5 tonnes 4. France Official gold holdings: 2,436 tonnes 3. Italy Official gold holdings: 2,451.8 tonnes 2. Germany Official gold holdings: 3,369.7 tonnes 1. The United States Official gold holdings: 8,133.5 tonnes Total, 23,442.2 tonnes
I expect that a lot of the numbers tossed around are mostly wrong. Would the Rothschild family tell us how many tons of gold they had? Also, would the USA tell us they had none because it was nicked and swapped for gold clad tungsten, or maybe they've got 100,000 tons that they've swiped from those countries they've invaded?
The big boys who contribute nothing and produce nothing but grow Rich manipulating currencies will fight to the death to stop Gold. Expect a slow gain,not straight up. Its a war between value and theft.
The BIG BOYS are fighting for the all poor stackers so they can buy gold at affordable prices. Bless their hearts and charity
I once new a guy that claimed to have 6 foreskins but he also pooped in his own hand and had imaginary friends. Wonder where that crazy hobo is these days.
I heard of a man who was a builder, was a man of the people, had a plan to change the world for the better and for this was hated by the establishment.