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ranbotrader
Member since May 2012
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Above-ground Gold Stock - How Much Is There and Why Does it Matter?

- Dan Popescu - GoldBroker

I might have thought that the most pertinent graph (not given) would have been WORLD POPULATION vs TOTAL GOLD SUPPLY. This may have provided very interesting data and the trend would have been informative.

Commented 3726 days ago

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Beginning of the headline :To understand the price of gold, the relevant supply is the total supply, not the new supply coming to market during the last year, week or month. The supply of gold consists of all of the supply that exists, and the relevant demand is the total demand, not the new demand coming to market during any year. For gold, there is always a large stockpile, and it never gets smaller. The vast majority of all the gold mined throughout human history still exists and is held either in bars, coins, or jewel... Read More

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