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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: c.hinton who wrote (81177)	1/28/2002 2:28:25 AM
From: goldsheet	Read Replies (2) of 116759

I know 4moz were produced in California in 1852, but do not have total world production. I don't think it would be much higher, since it was before other great discoveries. World population was just over 1 billion in 1850. Gold production is up 20 fold versus 6 fold for population. Therefore, per capita gold production would be higher now. I have previously made the point that gold supply has grown faster than population over the last 30 years. World population went from 3.7B to 6.0B, up 62%. Gold mined has gone from about 2.2B to 4.2B, up 91%. Per capita it has gone from .6 ounces per person in 1970 to .7 ounces per person today.

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