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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: c.hinton who wrote (81177)	1/27/2002 1:35:53 PM
From: long-gone	Read Replies (2) \| Respond to of 116759

<<A question. onces produced per capita in 1852 was less or greater than onces produced per capita today? >> I believe you're asking the wrong question(s) you should instead look at the rate of growth & the rate of growth of overall wealth & growth of rate of demand/consumption. We may find that as every population ages their rate of demand / consumption increases.

To: c.hinton who wrote (81177)	1/28/2002 2:28:25 AM
From: goldsheet	Read Replies (2) \| Respond to 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.