Around 1/1000 worth of all printed currency in the world. Ppl complain about bitcoin, but fiat is the same.
As of 49 years ago; what does gold have to do with printed currency?
How much gold has been found in the world?
21–30 of 77 posts
Re: How much gold has been found in the world?
#22In more everyday terms: > If it were brought together, all the gold deposits ever mined would fill just a little over three Olympic-sized swimming pools. Another analogy is that all global gold ever mined would be only one metre high if spread across a football pitch. https://www.bullionbypost.co.uk/index/gold/how-much-gold-has...
Warren Buffet had this to say in a past letter to shareholders of Berkshire Hathaway:
"Today the world’s gold stock is about 170,000 metric tons. If all of this gold were melded together, it would form a cube of about 68 feet per side. (Picture it fitting comfortably within a baseball infield.) At $1,750 per ounce – gold’s price as I write this – its value would be $9.6 trillion."
Re: How much gold has been found in the world?
#23Earlier quoted context omitted.
More surprised they didn't use 75 feet.
Was surprised by the same. Does USGS measure in metric??
The rest of the page is in metric too.
> 244,000 metric tons
They're not using pounds or the imperial ton (1 imperial or long ton is 1.016 metric tons). https://en.wikipedia.org/wiki/Long_ton
Much of the rest of the site appears to also be metric. https://www.usgs.gov/faqs/how-much-silver-has-been-found-wor...
But not all - https://www.usgs.gov/faqs/how-large-lifetime-supply-minerals...
Re: How much gold has been found in the world?
#24In more everyday terms: > If it were brought together, all the gold deposits ever mined would fill just a little over three Olympic-sized swimming pools. Another analogy is that all global gold ever mined would be only one metre high if spread across a football pitch. https://www.bullionbypost.co.uk/index/gold/how-much-gold-has...
Or just 31 grams (1.1 oz) per person!
I always thought that by this time it would be way more.
Re: How much gold has been found in the world?
#25All of the gold discovered thus far would fit in a cube that is 23 meters wide on every side. This is exemplarily clear communication from a government agency.
More surprised they didn't use 75 feet.
Or Olympic-sized swimming pools, the standard unit of volume for large-ish volumes. ((23 m)^3 equals around 4 Ossp, btw).
Re: How much gold has been found in the world?
#26In more everyday terms: > If it were brought together, all the gold deposits ever mined would fill just a little over three Olympic-sized swimming pools. Another analogy is that all global gold ever mined would be only one metre high if spread across a football pitch. https://www.bullionbypost.co.uk/index/gold/how-much-gold-has...
To put that into perspective, that’s only enough gold to bathe 3 metric Scrooge McDucks!
Does that mean that it's not enough to fill his money bin?
Re: How much gold has been found in the world?
#27All of the gold discovered thus far would fit in a cube that is 23 meters wide on every side. This is exemplarily clear communication from a government agency.
It’s a bit redundant: every side is the same length on any cube.
And those few extra words reinforce that for those who maybe aren't exactly sure about the exact definition of a cube (think about normies in your regular life). I'd say it's worth it.
Re: How much gold has been found in the world?
#28In more everyday terms: > If it were brought together, all the gold deposits ever mined would fill just a little over three Olympic-sized swimming pools. Another analogy is that all global gold ever mined would be only one metre high if spread across a football pitch. https://www.bullionbypost.co.uk/index/gold/how-much-gold-has...
this is the interior volume of about 27 2000 sq ft houses with 8 ft ceilings.
Re: How much gold has been found in the world?
#29Any idea how this compares to other similar elements (e.g., silver, platinum, and so on)? What is there more of, but higher demand, such that its value is generally higher than gold?
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Re: How much gold has been found in the world?
#30> Most of the gold that is fabricated today
The word "fabricated" caught my eye, and I had to double check that people are not yet manufacturing gold:
https://www.wtamu.edu/~cbaird/sq/2014/05/02/can-gold-be-crea...