just cleared from e-mail tray, for future reference
From: J
Sent: Fri, June 17, 2011 6:52:32 AM
Subject: Re: Worldwide Gold production
and of the two remaining swimming pools' fills, one pool's worth is hanging about ladies fingers, ears, necks, wrists, and ankles (like ankle bracelet, as i do those furry ball socks that go well with sneakers), and decorating church bits and arts and such, leaving one swimming pool's fill or central bank hoarding, and fractional gold bullion trading, supporting untold and ungodly sums of fictitious paper gold exchanges.
as and when it all blows, gold would be made illegal.
recommendation: getgold, place in airconditioned mine of 9999 purity, where sleeping capital belongs, to last out the eons of depravation and decades of darkest interregnum, before onset of teotwawki dawn, and a better world, amidst dying anguish and birthing cries
amen
From: W
Sent: Fri, June 17, 2011 12:08:30 AM
Subject: Re: Worldwide Gold production
Now we know. Thks for analysis P
On Jun 16, 2011, at 6:40 AM, J wrote:
That is why I find it particularly funny when folks lightly choose to engage with shorting a large portion of the 2-swimming pools' fill of gold (one swimming pool fill is at bottom of ocean);
and even more hilarious, wagering against platinum, that which there be only a quarter of a normal living room's fill.
Sent from my iPad
On 16 Jun, 2011, at 4:42 PM, P wrote:
Guys,
Well I'll be a monkey's uncle....Jay is right! From all the reliable sources that I can find....At the outside the world has produced slightly less than 3 Olympic size pools of gold over time. And the US produced about one-third of an Olympic pool in total up until 2010.
kind regards,
P
Gold volume worldwide determination:
Factors:
olympic swimming pool:
length= 50 m = 164.04199 ft
width = 25 m = 82.020997 ft
depth = 2 m = 6.5616798 ft
volume =50*25*2 = 2,500,000 liters = 2500 cubic meters
or
volume = (L*W*D) = 88,286.6639 cubic ft
1 metric ton = 2,204.6226 pounds
weight of gold = 19.32 grams per cubic centimeter = 19.2 tonnes per cubic metre
so
42,328.75392 pounds per cubic meter
therefore
One Olympic swimming pool =
2500 cubic meters * 42,328.75392 pounds/cubic meter = 105,821,884.8 pounds of gold
or
2500 cubic meters * 19.2 metric tonnes = 48,000 metric tonnes of gold
USA Actual production since 1792 - 1996:
<PastedGraphic-2.tiff>
Estimates for the main significant deposit areas in the USA:
<PastedGraphic-1.tiff>
so until 1996:
US production = 13,300 metric tonnes
US reserves identified and un-mined in the large deposit areas = 15,000 metric tonnes
US undiscovered reserves estimated at 18,000 metric tonnes
(so only 13,300/48,000 = 27.7% of ONE olympic pool produced in US by 1996)
US production has recently been approximately 10% of world totals which would have implied that total world production was 130,000 metric tonnes
One estimate is that total volume over time has been 153,000 tonnes (of which 63% has been mined since 1950) this is equal to 153,000 tonnes * 32,150.75 ounces/ton *153,000* .8875 = 4.365 billion ounces of gold. Of this 15% is thought to have been permanently lost. so 153,000 tonnes * .85 = 130,050 tonnes
So 130,050/48,000 = 2.7 Olympic pools total of all gold produced over all time
gold.org )
World Mine production
2000: 2,573 metric tonnes
2005 : 2,518 metric tonnes
2006: 2,469 metric tonnes
2007: 2,444 metric tonnes
2008: 2,356 metric tonnes
2009: 2,572 metric tonnes
2010:
(see goldsheetlinks.com
World is producing roughly 2,572/48,000 = 5.35% of an Olympic pool each year (until 2009 at least)
P |
