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ranbotrader
Member since May 2012
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What is the Real Weight of Gold in the Global Economy?

- Philippe Herlin - GoldBroker

This article assumes China is a free world economy. Nothing is further from the truth and the Chinese Communist government will repatriate gold. Bet on it.

Commented 3336 days ago

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Beginning of the headline :An article in the Swiss newspaper Bilan published last week states that the weight of gold in the global economy amounts to $172 billion. This is a relatively modest number, slightly lower than Apple’s annual turnaround, for example. Is that all that gold weighs? This number comes from the World Gold Council, and it is based on the mining sector activities. However, this represents a very partial point of view: it doesn’t take into account gold sales as such, either for jewellery or for investm... Read More

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