Ainslie Melbourne and Brisbane
Buy Gold Melbourne
Buy Gold Brisbane
ainslie facebook ainslie instagram ainslie google ainslie linkedin ainslie twitter ainslie youtube
  • Home
  • Gold and Silver Price
  • Selling Gold & Silver
  • Secure Storage
    • Storage Options
    • Ainslie Storage Account
    • Reserve Vault & Melbourne Vault
  • SMSF
  • News
  • FAQ
    • About Us
    • General FAQ
    • How to Buy Bullion
    • First Time Buyers
    • Delivering Your Bullion
    • Bullion Security
    • Comparing Investments
    • The History of Gold
    • The History of Silver
    • Why Buy Bullion
    • Why Buy Silver
    • Different Types of Bullion
    • Historic Pricelists
    • Silver Stackers
    • ID Verification
  • Contact
SHOP
Buy Gold and Silver
0

How Much Gold is in the World ?

Posted | 14/10/2011 / Views | 4253
Back to News
Next Article

Greg McCoach, Editor of The Mining Spectulator and Greg McCoach’s Insider Alert gives a specific measurement of how much gold is in the world.

The total amount of gold production, worldwide, is 50 million troy ounces per year. But the amount of physical gold that currently exists above ground – which is within the market- visually looks much less daunting than anything 50 million ounces worth!

“What people need to realize is, they call it precious metals because it really is so rare. If you took all of the physical gold that exists above ground in the world and melted it down into one giant cube, that cube would measure 20 yards, by 20 yards, by 20 yards. It’s a tiny market.”

That figurative cube of gold would measure to be the length and width of two volleyball courts side-by-side, while being 20 yards thick.

That is an incredibly small amount of metal for something that is used as one of the most valued investments throughout the world as prices continue to rise! To give you a better idea, we here at Wealth Daily, have created a scale to show you just how much gold that would be if melted down into a cube with the image below.

How Much Gold is in the World ?

Related Articles on How Much Gold is in the World?

Why Are Gold Stocks Underperforming Gold?

The price of gold has rallied over in the past twelve months. But despite a solid increase, gold stocks have had difficulty keeping up... Analyst Luke Burgess explains why gold equities are underperforming physical bullion in the market.

 

China Buys 47% of the World's Gold

Analyst Greg McCoach discusses how rising Chinese gold demand will put significant strain on global supplies -- and may be the catalyst that will push gold prices over the $1,500 level.

 

Exploring Yukon Gold Stocks

Analyst Luke Burgess discusses investing in Yukon gold stocks featuring Radius Gold (TSX-V: RDU).

 

Gold Outperforming Gold Stocks in 2010

With just over two months left in 2010, the price of gold is outperforming share prices of the world's largest companies that mine the precious yellow metal.

 

Related Videos on How Much Gold is in the World?

Flashback: McCoach on CNBC in 2007

 

Greg McCoach is the founder and managing editor of The Mining Speculator and Greg McCoach's Insider Alert.  Learn more about the Mining Speculator here.

Wealth Daily Copyright © 2011, Angel Publishing LLC. All rights reserved. Privacy Policy | FAQ | Site Map | Contact |Disclaimer | Home

The content on Wealth Daily is not personalized investment advice. Our employees strive to give smart, stimulating commentary, but are not licensed to address or give advice on individual investment situations. Nothing you receive from Wealth Daily should be considered personal investment advice. Any investments recommended by Wealth Daily should only be made after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. All investments carry risk of significant loss.

Subscribe to Our Newsletter

Daily or weekly emails with gold and silver price, bullion news and important economic events from around the world.

Daily or weekly news on everything gold, silver and crypto.

Recent Articles

Powell throws Biden under the Inflation Bus
Posted | 24-Jun-2022 / Views | 1005
In late May, Biden argued that the task of fighting price increases was the responsibility of the Federal Reserve. I... Read More...
Is 60/40 dead? The “new investing regime”
Posted | 23-Jun-2022 / Views | 918
With 7 days left for the first half of this year, the S&P500 is posting its second worst H1 in history behind a ... Read More...
RBA Jawboning & what a recession looks like
Posted | 22-Jun-2022 / Views | 973
Yesterday we heard the RBA chief assure us "I don't see a recession on the horizon”.  As we have... Read More...
Buy Gold Buy Silver Gold and Silver Price Ainslie ID Verification Ainslie Storage Portal Terms of Trade Privacy Policy 

 

Ainslie Bullion Brisbane
Buy gold/silver Brisbane
Level 6, 12 Creek St Brisbane
Toll Free 1800 819 474
O/S Phone +61 7 3221 0500
Fax 07 3229 1895

Ainslie Bullion Melbourne
Buy gold/silver Melbourne
Level 14, 357 Collins St Melbourne 
Toll Free 1800 246 754
O/S Phone +61 3 7037 6255

The Gold StandardBuy Crypto BrisbaneAinslie, a Perth Mint Distributer

Visit one of our Preferred Secure Storage Providers in Brisbane & Melbourne:

Brisbane Secure StorageMelbourne Secure Storage