(Recorded on 04/13/21) Topics covered on this video coaching call In this special video presentation, trading coach Jerry Robinson examines many charts and provides his latest commentary. Included in this video: – Brief commentary on China’s new digital...
As you might imagine, we receive many financial questions about precious metals, currency, and hard assets. One of the more popular questions that we often receive is: How Much Gold is There in the World? According to the World Gold Council, the answer is 165,000 metric tons. Amazingly, if you were to take all of this gold and stack into the shape of a cube, it would only measure 20 meters in any one direction.
Another related question is: How much is all of the gold in the world worth? Obviously, the answer varies based upon the current spot price of gold. But assuming that gold is $1,600 per ounce, then all of the gold in the world would be worth around $8.487 trillion. While that is no doubt a large number, it is dwarfed by the $19.4 trillion sitting in U.S. government-controlled retirement accounts (like 401ks and IRAs.)
The infographic below provides some more interesting details about global gold production and our current supply.
From: Number Sleuth