What occurs if we divide all of the {dollars} on the planet by all of the gold on the planet?
For all of the {dollars} on the planet, let's take the M2 Financial Combination, and for all of the gold on the planet, let's think about the entire above-ground shares.
You may test the chart right here.
In keeping with the World Gold Council's estimate, from the daybreak of human historical past via the top of 2022, roughly 208,874 tonnes (or about 6.717 billion troy ounces) of gold had been mined.
On the finish of December, M2 amounted to $21,315 billion. Easy division offers us $3,173.39 per ounce. Let's name this the common gold value.
Apparently, from 2009 to 2012, the common and actual gold costs have been a lot nearer. However Quantitative Easing has widened the hole.
So would it not be an enormous shock if, on account of an increase in the true value of gold, the hole narrows additional?
submitted by /u/bitkogan
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