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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Albertarocks's picture

That's what I noticed immediately too.  If you two guys (Flacon and Jwoop66) want the real answer and are willing to trust me, I did that calculation with a relatively high degree of accuracy about a year ago.  I have an engineering background so the calculations are accurate enough.

I can't remember what the figure was though, for all the gold ever mined.  But whatever it was, it would have fit into the exact footprint of an Olympic sized swimming pool and to the depth of 18 feet.  That is also based on the assumption that an Olympic swimming pool has a flat bottom.  In reality it doesn't.  But just pretend it does.  So it would be accurate to tell your buddy that all the gold ever mined in the history of mankind would fit into an Olympic sized swimming pool and 18 feet deep... OR... two Olympic sized swimming pools at standard water height... more or less (because they're also not all exactly the same depth.

midtowng's picture

So there's more private investment gold than government held gold in the world. I wonder when was the last time that was true?

CrockettAlmanac.com's picture

Where's the graphic showing all the gold at the bottom the Marianas Trench?

NidStyles's picture

Damn that's one hell of a boating accident you had...

Albertarocks's picture

Who is Mariana?  And what did she have do to get all that gold?  The standard?

Rainman's picture

.... a friggin genius.....think of the NSA goldmine in all those twisted twitters today. A superior use of socialized media !

AccreditedEYE's picture

By the time policy makers figure out what's really going on, they are going to BEG for the stock market to drop.... This Germany coming for their gold thing is a wake up call to anybody who doesn't believe the end is near. We're crashing upwards... be ready!

Muppet Pimp's picture

Ahhhh, c'mon guys.  That is just tradition.  That is nowhere near as exciting and fun as allowing the FED to blow asset bubbles that the TBTF banking complex can make profit from while we create a nation of bagholders/debt serfs. It is simply water under the bridge that we (FED) are in fact responsible for that mess.  If we can create it, and not be aware it exists, surely you should trust us to fix it by removing any impetus for fiscal discipline from the government.  What could go wrong?

-Ben Shalom 'Bubbles' Bernanke

A Lunatic's picture

Gold, Bitchez................

q99x2's picture

My stash is best photographed beside a pin for reference. 

mrdenis's picture

Oh that's a different tyler .............http://i.imgur.com/Zl6Nf.jpg

ihedgemyhedges's picture

"Hey girls, yeah I remember every stupid whore who blew me."

Tyler

jmcadg's picture

Other use - is that BA Barracus?

Ignorance is bliss's picture

Did anyone see the e-mail from Bix Weir? Why would the Federal Reserve turn on JPM?

 

Subset of Bix's e-mail to public subscribers:
We all know that JPM rigs the markets through derivatives originating out of their CIO London office so when this "Cease and Desist" order hit the wires it made me wonder...   "If JP Morgan isn't allowed to further rig the markets...WHO WILL?"  

http://www.federalreserve.gov/newsevents/press/enforcement/20130114a.htm

MeelionDollerBogus's picture

holy sweet fuck. No, I missed that while at work & none of the other banks mentioned it from any conversations I heard *at* work, and what I saw earlier on ZH was about that silly Bernanke-twitter feed. This... this is something right out of the twilight zone considering what JPM is. I mean Jamie Dimon is on the board of DIRECTORS for the Fed, isn't he?

Agent P's picture

I thought the "Rule of Demons" was always put the toilet seat down when finished.

anarchitect's picture

Of the 29K tonnes allegedly held by world governments at level 3, Frank Veneroso's landmark study concluded that fully half had been leased out.  And that was 15 years ago.  What the hubris besotted central wankers have done since then is anyone's guess.

Racer's picture

WOW and compare that with the debt graphic.....

Now you really can see why they manipulate the gold price... they are scared not only sh1tl3ss but are disemboweling themselves

sessinpo's picture

That wouldn't be the case if gold were widely accepted as payment for debt. That has been a part of my argument or debate which no one takes on. Debts are denominated in US Dollars, thus that strengthens the dollar and weakens PMs. People need to raise dollars, not PMs to pay debts.

 

And if the US should decided to go to a legitimate gold standard, you have the situation where logically, why should I hold pounds of metal (store), when I can carry light papers backed by gold?

 

I hate to present these logical arguments to gold bugs. I hold PMs myself as a percentage. But I'm here to prosper, not get emotionally tied to ANY investment and lose.

jimmyjames's picture

 That has been a part of my argument or debate which no one takes on

Debts are denominated in US Dollars, thus that strengthens the dollar and weakens PMs. People need to raise dollars, not PMs to pay debts.

***********

Actually debt is denominated in "all" currencies and even if it was only denominated in USD's what the hell has that got to do with paying debts in dollars and saving in gold?

In 2005 the dollar was trading USDX/0.80 .. Today the dollar is trading USDX/0.80

In 2005 gold was trading at $450/oz.. Today gold is trading at $1650/oz-

So where do you get that the dollar strengthens and weakens gold--that's simply assbackwards to reality-

http://tinyurl.com/cu2mvg2

 

 

akak's picture

I feel the need to point out, once again, that the artificial and all but meaningless "US Dollar Index" has NOTHING to do with the value of the US dollar, i.e. its purchasing power.  It is nothing but a tool for currency daytraders, and has NO relevance outside of that narrow and short-term realm.  The dollar can and has lost significant purchasing power all while remaining at or near the same DXY value.  And that is by design, as the Dollar Index only 'measures' the dollar against other, more-or-less equally depreciating fiat currencies.

jimmyjames's picture

You're such a stupid fuck AK-

How can you measure the purchasing power of the dollar vs all the basket of goods?

Against the house prices in 05 vs today?

Lot more dollar buying power in real-estate today-

Oil in 08 at $150 vs $90 tosday?

Again-more dollar buying power today-

Food--less buying power-

Electronics-more buying power-

Where do you get your measurments from?

Post a link-verifying your claim-

Likstane's picture

You are the stupid fuck.  The dollar buys less of everything than it did 5 years ago,  The same goes for the Euro, Yen, Douchemark and every other fiat paper.  Just throwing a possible short term exception(real estate) in there shows how much a stupid fuck you are.

akak's picture

Indeed Likstane.

This JimmyJames is certifiably insane when it comes to defending his beloved fiat currency, the US dollar.  No lie, no matter how egregious, is too idiotic for him to throw out in defense of the bald-faced lies of the paper pushers.  The fact that he can even bring himself to make the absurd claims that he did above, and in many other such comments here, is enough to dismiss him as a lunatic.

Likstane's picture

maybe we can be BFF...

akak's picture

Let's take it day by day, shall we?

;-)

TheSilverJournal's picture

Jimmy James writes:

"How can you measure the purchasing power of the dollar vs all the basket of goods?"

That's what purchasing power is. It's how much power you have to purchase. You can't just pick and choose measuring the value of something that's falling in value relative to something else that's falling in value and conclude that neither is falling in value. That's like saying that two boats in the ocean traveling next to each other aren't moving becaue they're remaining next to each other.

But the true measurement of how much value is being lost in dollars is not seen through measuring purchasing power. The true measurement is seen when looking at the money supply.

As gains in technology increase productivity, goods become more plentiful, and therefore, should actually be decreasing in price. Simply measuring the price of a basket of goods won't capture all of the resources the central planners are stealing from society by debasing the currency.

jimmyjames's picture

But the true measurement of how much value is being lost in dollars is not seen through measuring purchasing power. The true measurement is seen when looking at the money supply.

***********

And-according to Von Mises and most Austrians-the money supply includes credit and how is that doing today?

 

TheSilverJournal's picture

There's a lot of it. The entire economy is now based on credit / debt. Just look at the debt ceiling debacle...err..debate. The problem is that once the debasement/credit/debt/counterfeiting ponzi starts, it must either grow or else it implodes. So we either go deeper into debt, or the entire monetary system implodes. That's why it's impossible not to raise the debt ceiling without everyone who saves solely in a bank account losing their entire life savings. That's why the only way not to declare bankruptcy is to go ever deeper into debt. That's why once rates are artificially lowere, the only way to keep the economy from imploding is to lower them even more. And when ZIRP is hit, to do QE. And when one QE is done, it must be followed by another QE. And that's why the next round of currency creation will be larger and come sooner than the last round. And since politicians are self serving and only in power for the power, the politicians won't stop the ponzi because they gain by skimming off the rest humanity. And that's why this game ends in hyperinflation.

Speaking of end game, it's almost here. Negative real rates are not normal, especially when lender can't make good. The bad economic news is now rolling out and the market is starting to front run the next round of QE. As prices rise, yields become even more negative, putting more pressure to get dump bonds, forcing even more QE. Crackup boom.

jimmyjames's picture

such comments here, is enough to dismiss him as a lunatic

************

So how does it feel getting your ass kicked everytime by a lunitic?

Still waiting for that link-or "proof"

jimmyjames's picture

You are the stupid fuck.  The dollar buys less of everything than it did 5 years ago-

*************

Why cherry pick 5 years ago? The post you're commenting to uses 2005-2013 vs $ vs gold-

Prove the dollar has lost purchasing power within  that time frame-

I know you can't-

akak's picture

My God you are full of shit!

If you REALLY believe that the US dollar overall buys MORE today than in 2005, then you need to be commited to a psychiatric facility immediately.  You might as well try to convince all of us here that the sky is orange, grass is blue, up is down and the government is our friend.

Who the Hell do you think you are speaking to here, and who in the FUCK do you think is going to believe such an outrageous LIE?

jimmyjames's picture

If you REALLY believe that the US dollar overall buys MORE today than in 2005

Who the Hell do you think you are speaking to here, and who in the FUCK do you think is going to believe such an outrageous LIE?

*********

Well then it should be easy for you to PROVE-no?

Everything you don't understand--which is LOTS--you write it off as a lie--

akak's picture

LOL

Shove your crazy lies and patently insulting bullshit.

jimmyjames's picture

 

LOL

Shove your crazy lies and patently insulting bullshit.

**************

Your BS theory blabber wears thin-

How do you KNOW what you speak of?

Let's see it-simple-no?

Likstane's picture

Hey Jimmy, Koo-gooch-a-ruke-chak...Klatchy-num-num-a-puuk-stickem...

jimmyjames's picture

Hey Likstane--you showed me nothing--I knew you were just another bag of wind on here-

jimmyjames's picture

http://www.usinflationcalculator.com/

I purchased an item for $

*************

What item?

A home--Oil--?

Sounds very wishwashy-

jimmyjames's picture

http://www.usinflationcalculator.com/

I purchased an item for $

*************

What item?

A home--Oil--?

Sounds very wishwashy-

Ralph Spoilsport's picture

So price out a dishy washy or a washy machine and report back. Neatness counts.

akak's picture

 

http://www.usinflationcalculator.com/

And the winner is akak by 18%.

And even that is based on the US government's manipulated, bogus and lowballed CPI numbers, so we all here (well, all of us except JimmyJames) know that the REAL inflation rate over the last eight years has been significantly higher than what the Bureau of Lying Statistics reports.

Ralph Spoilsport's picture

Alas, alas, it is the wishywashyness of despair that is monolized and derived via crusty bits to arrive at the mattering thing and that is very much something. Just have to bear with it untii the worm in the apple is thrown to the train.

akak's picture

Made me laugh.

In making mockerings of Engrish syntactical errorization and maoling our parangong of trollicity, George Dishwashington, one must be wording the mind and throating the idea of US 'american' citizenism, the most up mattering thing, or else all is for communaught. 

Just have to go with the flowings.

TheFourthStooge-ing's picture

Ah, ah, wishywashiness is the very mettle of Chinese citizenism strategy of pheriphical resources consumption.

While I usually shrink from the plan type conspiracy theory, I can tell that the Chinese citizenism plan is firing perfectly like a semi-laundromatic rifle.

MeelionDollerBogus's picture

Make me ho-ho like pinching 'American' terd too earlying at roadside!

John_Coltrane's picture

Hey Mister Moron JimmyJames.  You came to the wrong website to post.  Use the Scientific method of observation to prove anything.  Look at your rent, grocery bill, property tax, any type of insurance for car, house, medical, restaurant bills.    You can do this observation thingy yourself with your bills for electricity, water, food anything.  The scientific method is really powerful but requires respect for reality and observation.  In short the cost of living priced in $ goes up-in gold it is nearly constant-like the amount of gold available.  Yes consumer electronics cost less-this is the way things should be when efficiency and productivity are allowed to function in free markets.  This $ devaluation has been going on since the creation of the FED in 1913.  The $ can only buy about 1% of that in 1913.   Look at an old menu from previous periods.  You do do know a cup of coffee used to be only $.05?   This is what happens when you have an "inflation target" of 2% and compound that year after year.   More $=less value/$. 

Overfed's picture

 

 

 

"Well then it should be easy for you to PROVE-no?"

 

Fuck, dude, if you want proof, just go to the fuckin' grocery store or builder's supply.