All The Gold In The World - The Definitive Infographic

Tyler Durden's picture




 

In the aftermath of the Chairman's painful waste of time "interactive" session, which addressed precisely zero of the relevant questions, we would like to ground readers with a real, hard, monetary equivalent, which unlike paper money, has retained its worth over the past 2000 years, and one which no central planning committee can create out of thin air at will. Gold. The chart below should put it all into perspective.

and for those who may have forgotten it, here is what happens when one can create paper out of thin air: America's (not even the entire world's) derivative universe. Just a tad more.... diluted.

Courtesy of Demonocracy

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Mon, 01/14/2013 - 18:25 | 3152325 The Shootist
The Shootist's picture

L'Or, bitchez!

Mon, 01/14/2013 - 18:40 | 3152367 flacon
flacon's picture

That last graphic looks bigger than an "olympic sized swimming pool".

Mon, 01/14/2013 - 18:42 | 3152377 jwoop66
jwoop66's picture

Thanks, 'cause thats what I've heard a bunch of times too.

Mon, 01/14/2013 - 18:49 | 3152408 Atlas_shrugging
Atlas_shrugging's picture

Will they please overlay the last graphic next to the one that shows all the paper money debt owed by the US? I'm confused and think a ton is equal to a few trillion...

Mon, 01/14/2013 - 19:03 | 3152449 SilverTree
SilverTree's picture

All The Tungston in the Gold - The Definitive Infographic

Mon, 01/14/2013 - 19:13 | 3152474 Big Slick
Big Slick's picture

What are those buidings in the last picture?

Mon, 01/14/2013 - 20:02 | 3152584 Likstane
Likstane's picture

Where they used to keep a few tons of the hard stuff

Tue, 01/15/2013 - 09:15 | 3153673 trav777
trav777's picture

should show the data on pt or pd....despite higher crustal abundance, much lower in commercial deposits, production, total ever mined, everything.

Pt is mined in quantities that are small fractions of that of gold.

Tue, 01/15/2013 - 10:49 | 3153893 The Juggernaut
The Juggernaut's picture

hahah Bernanke's helicopter is about the crash in that pic.  What an insignifiCUNT!

Mon, 01/14/2013 - 20:09 | 3152600 Pure Evil
Pure Evil's picture

They're ancient relics from the past used by the financial gods of old to creat havoc and mayhem worldwide. It was determined by the global elites that they didn't offer enough luxury to represent they type of image needed to project global tyranny so an excuse was created to have them imploded in place. We now have the brand spanking new freedom towers to house the new gods of finance while they look down from their ivory tower and imagine squishing the NYC populace under their thumbs like ants.

Mon, 01/14/2013 - 21:01 | 3152714 SafelyGraze
SafelyGraze's picture

text bug .. "the US devalued Gold from $20.67/oz to $35/oz, by so devaluing the US dollar by 70% overnight"

not "devalued" .. maybe "re-priced"

the dollar is what got devalued, not the gold

a 70% percent devaluation would have changed the gold "price" to 20.67/(1.00-0.70) = 20.67/0.30 = $68.9/oz

the actual devaluation was 1.00-20.67/35 = 41%

possible rewording for version 2:

"The Gold Reserve Act of 1934 http://en.wikipedia.org/wiki/Gold_Reserve_Act re-defined the dollar, changing it from 1/20.67 ounces to 1/35 ounces of gold. The act thereby devalued the dollar by more than 40%."

Mon, 01/14/2013 - 23:08 | 3153028 BTFDemocracy
BTFDemocracy's picture

Thank's for the suggestion. Always welcome. Will put into force.

Tue, 01/15/2013 - 01:06 | 3153306 SafelyGraze
SafelyGraze's picture

coming soon (one hopes): the infographic of "all the silver in the world"

interesting components that might be hard to quantify:

all the silver coin (pre-1965) still extant
industrial/military/photographic/medical silver removed from the supply

btw -- does anyone quantify the ounces of "we-buy-gold" gold? or where they flow? or what the volume (in ounces) has been for the past several years? or how the discount rate has varied? 

probably more useful data than the london fix.

get to work, FRED!

oh wait .. there it is: http://research.stlouisfed.org/fred2/series/IQ12260

 

Tue, 01/15/2013 - 01:19 | 3153328 SafelyGraze
SafelyGraze's picture

and while we're at it, why are unredeemable gold-certificate "assets" sloshing around the 12 fed banks?

st louis  0350 to 0310

atlanta  0800 to 1400

boston  0540 to 0360

kanCity  0300 to 0350

newYork 4700 to 3800

chicago 1080 to 0840

cleveland 0520 to 0420

dallas 0480 to 0720

minneap 0180 to 0220

philly 0380 to 0460

richmond 0800 to 0890

sanFran 0960 to 1280

Tue, 01/15/2013 - 09:16 | 3153680 bernorange
bernorange's picture

How much of that gold is sitting at the bottom of various lakes and oceans?  Damn boats.

Mon, 01/14/2013 - 23:24 | 3153068 Cui Bono
Cui Bono's picture

I read yesterday that the revaluation took 6 months... can that be right?

Tue, 01/15/2013 - 06:45 | 3153518 smlbizman
smlbizman's picture

i like the pick up......beep..beep...beep, back that truck up and buy the dip....

Mon, 01/14/2013 - 18:52 | 3152415 AUD
AUD's picture

166500 tonnes is a guess based on heresay.

Gold has been mined since almost the dawn of civilisation. Nobody knows how much gold there is. It could be a much higher figure than 166500.

Mon, 01/14/2013 - 19:02 | 3152443 giggler123
giggler123's picture

EPic last image.  It's funny putting it near a house, who said realestate was in a bubble?

Mon, 01/14/2013 - 19:13 | 3152470 walküre
walküre's picture

Yes and the number is completely irrelevant anyway. When paper "promises" fail to buy you a loaf of bread, no ass will care about the valuation of gold in terms of paper FIAT dollar value. At that time it matters jack shit. All that will matter is to have something of value to survive another day.

Mon, 01/14/2013 - 19:37 | 3152528 AUD
AUD's picture

It is irrelevant because quantity plays no part in the determination of value. Quality is how value is determined, something refined gold has forever. It is an inert metal.

Mon, 01/14/2013 - 20:38 | 3152665 John_Coltrane
John_Coltrane's picture

However, Argon, Ar, is more chemically inert and is 1% by vol of the atmosphere.  Ar should be the new store of value.  Storage in double paned windows is the ideal method too-it insulates you from heat loss while preserving wealth.  I can just see the headlines, "thiefs break windows, siphon off Ar for the black market"

Mon, 01/14/2013 - 20:49 | 3152689 Ralph Spoilsport
Ralph Spoilsport's picture

Catherine of Argon was a hot piece of gas until ol' Henry VIII made their marriage inert.

Mon, 01/14/2013 - 21:15 | 3152727 akak
akak's picture

I hear she was also very noble, and her stoicism bordered on complete unreactivity.

Mon, 01/14/2013 - 23:17 | 3153050 fxrxexexdxoxmx
fxrxexexdxoxmx's picture

+100 thanks for the smile

Mon, 01/14/2013 - 23:29 | 3153072 AUD
AUD's picture

It's also an invisible gas dipshit, not a solid object at temperatures in which we humans have to exist.

Try extinguishing debt in an invisible gas & see how far you get. "Yeah, that's a vial of pure argon, honest it is..."

Only gold has the necessary quality.

Tue, 01/15/2013 - 01:44 | 3153355 TPTB_r_TBTF
TPTB_r_TBTF's picture

It's also a visible layer of gold plating,  at temperatures in which tungsten has to exist.

"Yeah, that's a bar of pure gold, honest it is..."

Tue, 01/15/2013 - 03:50 | 3153443 AUD
AUD's picture

And that's absolutely irrelevent to the point I was making, so why don't you fuck off?

Tue, 01/15/2013 - 12:15 | 3154189 Panafrican Funk...
Panafrican Funktron Robot's picture

I think we're all still trying to understand what point you're attempting to make, apart from the likely unintended point, "I am a giant douchebag".

Mon, 01/14/2013 - 20:50 | 3152694 Sean7k
Sean7k's picture

The more important figure for me is the 17% held by governments/central banks. That leaves 83% in the hands of the people. While central banks control all debt money, they hold hardly any gold compared to the people. Is it any wonder they don't want gold and silver to be money?

Mon, 01/14/2013 - 21:01 | 3152715 Pseudo Anonym
Pseudo Anonym's picture

That leaves 83% in the hands of the people.

Does "in the hands of the people" include hofjuden?

Mon, 01/14/2013 - 21:06 | 3152719 Mr Pink
Mr Pink's picture

83% of the gold isn't shit when divided by 7 billion people. I have a feeling the Rothchilds are feeling pretty good with their measly 17%

Mon, 01/14/2013 - 21:13 | 3152724 akak
akak's picture

It is still, ironically, around one ounce per person worldwide --- which has been roughly the same for the last several centuries.

Tue, 01/15/2013 - 00:23 | 3153224 ImReady
ImReady's picture

So if they kill off a few billion slaves.... That's alotta ounces! 

Mon, 01/14/2013 - 21:14 | 3152726 Pseudo Anonym
Pseudo Anonym's picture

rotshits wouldnt be stupid and trust governments w/ their gold.  rotshits use governments to steal gold for them from the people.

Mon, 01/14/2013 - 23:04 | 3153010 Sean7k
Sean7k's picture

When has the wealth of the world ever been shared equally? What would be the purpose? The point is, they don't control it. It matters not whether gold is equally distributed. If gold was the basis of the currency system, the people would have control over the amount of currency in circulation- not the banks. Now, do you understand?

Tue, 01/15/2013 - 03:39 | 3153440 Freddie
Freddie's picture

I wonder how much sits at the bottom or lakes and rivers due to boating accidents?

Anyone notice how much Iran owns?   I wonder why they talk about war with Iran?  Large gold and oil reserves.

Tue, 01/15/2013 - 12:21 | 3154214 Panafrican Funk...
Panafrican Funktron Robot's picture

Indeed.  Wonder what happened to Qaddafi's gold?

http://disquietreservations.blogspot.com/2012/01/did-western-central-ban...

Mon, 01/14/2013 - 21:23 | 3152737 knukles
knukles's picture

Absolutely.
He whoever believe that number is a fool.
There simply have never been the records kept to document said assertion.
Period.

(talk about folks prone to propaganda)

Mon, 01/14/2013 - 22:41 | 3152959 killallthefiat
killallthefiat's picture

Those are in neat bars that are stacked...losts of air in between.  1 ton, solid gold is about the size of a basketball.

 

 

Tue, 01/15/2013 - 01:37 | 3153348 hairball48
hairball48's picture

I don't think so. Basketball size lump of gold would weigh 302.24 lbs by my calculation.

A BB is about 1/4 cubic foot(29.5" circumfrence) x ~62lbs/ft3(water) x 19.3(SpGr of Au) =~302lbs

Tue, 01/15/2013 - 09:30 | 3153713 killallthefiat
killallthefiat's picture

A 1/4 cubic foot is 1/4 of 12^3=432in^3 which is 7.5 inches on the side of a cube.

 

Now, a ton is 907 kg or 907000g.  Divide by the density of gold, 19.3g/cc, and you get a volume of 47000 cc.

 

4/3*pi*r^3=volume of a sphere=47000

r=22cm

or a diameter of 44cm or 17 in.  So, a sphere of gold, 17 in. in diameter is a ton. (The width of two sheets of paper)

Tue, 01/15/2013 - 10:37 | 3153855 redguard
redguard's picture

So a medicine ball then....

Mon, 01/14/2013 - 18:49 | 3152407 kliguy38
kliguy38's picture

Just wait when the sheep decide that all of their paper gold investments are just that....PAPER!! When that inflection point is reached there will not be enough swimming pools of gold out there to fill that panic hole......when the sheep realize their wealth is vaporizing by the minute the rush to anything of "value" will be breathtaking.....but then if you don't realize that by now then by all means continue to measure gold in any metric you wish.......of course there will be other stores of wealth.....there will have to be...but gold and silver will be high on the list

Mon, 01/14/2013 - 18:57 | 3152427 walküre
walküre's picture

88,000 cu. ft is the cubic volume of said pool.

That's approx. 53,000 tons of gold or 1,696,000,000 oz equals $2,840,800,000,000 (@1675/oz)

They're talking about 166,000 tons of gold "ever mined"

Mon, 01/14/2013 - 20:23 | 3152630 Rusty Shorts
Rusty Shorts's picture

...therefore, 100 tons of $100 dollar bills = 1 ton of Gold.

Mon, 01/14/2013 - 20:25 | 3152632 flacon
flacon's picture

Thanks! 

Mon, 01/14/2013 - 19:05 | 3152457 Snakeeyes
Snakeeyes's picture

And more than Ft Knox can hold! (There is only enough gold in Ft Knox to pay down 10% of the Federal deficit for one year only!!!

http://confoundedinterest.wordpress.com/2012/12/30/if-the-chinese-raided...

Mon, 01/14/2013 - 20:01 | 3152579 krispkritter
krispkritter's picture

Er, what's the price of tungsten again? I'm pretty sure 10% is waaaaayyyy off the mark. 

Mon, 01/14/2013 - 20:10 | 3152607 lasvegaspersona
lasvegaspersona's picture

China's share is at least 3X what is stated. Hell they took in, through HK, 1,000 tons last year alone. Combine that with the fact they are the biggest miners, carry the twelve and round up to...Oh I don't really know...but I'd guess 6,000 tons at least.

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