US$87,000 Gold. Is this a new record prediction?

Discussion in 'Gold' started by GoldenEye, Jul 11, 2019.

  1. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    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?
     
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  2. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    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

    1. Jewellery: 90,718 tonnes, 47.7%
    2. Private investment: 40,035 tonnes, 21.1%
    3. Official sector: 32,575 tonnes, 17.1%
    4. Other: 26,711 tonnes, 14.1%
    5. 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
     
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  3. GoldenEye

    GoldenEye Well-Known Member Silver Stacker

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    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?
     
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  4. Peter

    Peter Well-Known Member

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    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.
     
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  5. maverick

    maverick Active Member Silver Stacker

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    Well that sums up the story in a nutshell, this is where we are at, unfortunately!
     
  6. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    The BIG BOYS are fighting for the all poor stackers so they can buy gold at affordable prices.
    Bless their hearts and charity
     
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  7. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Must stop thinking...too many jokes makes head hurt.
     
  8. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    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.
     
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  9. maverick

    maverick Active Member Silver Stacker

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    lol
     
  10. Davros10

    Davros10 Active Member Silver Stacker

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    The White House?
     
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  11. shinymetal

    shinymetal Well-Known Member

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    images (2).jpeg
     
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  12. shinymetal

    shinymetal Well-Known Member

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    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.
     
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