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How Much Gold is in the World ?

Posted | 14/10/2011 / Views | 3242
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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 ?

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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.

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