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

To: Giraffe who wrote (26389)	1/17/1999 11:41:00 PM
From: Investor-ex!	Respond to of 116764

Giraffe, I'm not sure about below ground reserves either and they keep finding new ones all the time. But I have read that all the gold ever mined amounts to something like 120,000 metric tons. At current prices, this works out to something like US$1.25 trillion, which is a rather small fraction of the total annual dollar equivalent volume of the global economy. The world's central banks theoretically hold at most about a quarter to a third of above ground stocks, or $300-$400 billion. It makes me stop and think, too.