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


To: Giraffe who wrote (12994)6/12/1998 3:39:00 PM
From: Henry Volquardsen  Read Replies (1) | Respond to of 116815
 
Giraffe,
Thanks for pointing that out. I've rechecked by numbers. According to the IMF total central bank gold holdings are 34,000 tonnes or 1.088 bln ounces. Mining production last yeat was 2,464 tonnes or 78.85 mln ounces. That is roughly 13.8 years worth of production. The 16 years of production was based on the previous years production.
Henry