Thursday, September 30, 2010


The Value Of All The Gold In The World
Yep - That's trillions
Based on current spot gold price of  $1,301.25

Not so long ago, November of 2005 to be exact, we reported that the value of all the gold ever mined in the world since the beginning of human history was some $1.89 trillion dollars.
At the time, that number was fairly accurate, given a round estimate of some 140,000 tonnes extant of the shiny yellow stuff, and the then-prevailing spot price.
But since that time, a lot has happened to the dollar/gold equation.
Here we report daily, the latest value adjusted for new production and current gold price.

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