All the World's Gold

Discussion in 'Gold' started by Aurora et luna, Feb 1, 2012.

  1. Aurora et luna

    Aurora et luna Well-Known Member Silver Stacker

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    Aurora et luna, Feb 1, 2012
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  2. Naphthalene Man

    Naphthalene Man Active Member Silver Stacker

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    Some interesting info there Aurora, thanks for sharing.
     
    Naphthalene Man, Feb 1, 2012
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  3. rbaggio

    rbaggio Active Member Silver Stacker

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    Yup interesting stuff, thanks for sharing.

    Averages out to 0.76oz gold for every person on the planet.
     
    rbaggio, Feb 1, 2012
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  4. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    A good summary of a wide range of stats. Would make a good school project. Just copy and paste :lol:

    Edit to add: kind of a good feeling knowing you may have more than the 5 rings per person quota
     
    mmm....shiney!, Feb 1, 2012
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  5. fishball

    fishball New Member Silver Stacker

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    lol Australia is 3rd largest producer and barely a 'consumer', sad.

    Also what's with the 2% unaccounted for in Gold, do miners smuggle the nuggets or something :lol:
     
    fishball, Feb 1, 2012
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  6. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Go and have a look in your nearest "Cash Converters" ;)
     
    mmm....shiney!, Feb 1, 2012
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  7. null

    null Member

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    What Fishball said...

    Had we not sold off 67% of our gold for peanuts, we would look half decent now. Arhhh, those "Great economic managers"
     
    null, Feb 1, 2012
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  8. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    If they know that it is 2% unaccounted, then it must be accounted, or they don't know and it is just a random number chosen to fill the statistical gap. More like 5% or higher unaccounted, or even 0.3% or lower.

    You can only account for something if it has been tracked from the cradle (mine) to the stable (storage). How much has been mined or prospected and not recorded?
     
    mmm....shiney!, Feb 1, 2012
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  9. systematic

    systematic Well-Known Member

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    Taking into account human nature i would say probably a trillion dollars worth .......
     
    systematic, Feb 1, 2012
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