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All The Gold In The World

Tyler Durden's picture




 

For the companies exploring for gold, a deposit that has more than one gram of gold for every tonne of earth is an exciting prospect. In fact, in our 2013 report summarizing the world’s gold deposits, we found that the average grade of gold deposits in the world is around that amount: about 1.01 g/t.

Think about that for a moment. One gram (0.035 oz) is equal to the mass of a small paper clip. This small amount of gold is usually not even in one place – it is dispersed through a tonne of rock and dirt in smaller amounts, most of the time invisible to the naked eye. For some companies that have the stars align with easy metallurgy, a deposit near surface, and open pit potential, this gram per tonne deposit may even somehow be economic.

It’s hard to believe that such a small amount of gold could be worth so much, and that is why great visualizations can help us understand the rarity of this yellow metal. Luckily, the folks at Demonocracy.info have done the heavy lifting for us, putting together a series of 3D visualizations of gold bullion bars showcasing the world’s gold that has been mined thus far. Note: these visualizations are a couple of years old and optimistically have the value of gold pegged at US$2,000 per oz, presumably for the ease of calculations.

For those interested, we have also put together a similar slideshow on the topic, showing how much gold, silver, copper, and other metals are mined each year.

Gold bullion bars in lower denominations
Smaller denominations of gold plates: 1 gram, 5 grams, 10 grams, 20 grams, and 1 troy oz of gold.

Gold bullion bars including a 1 kilo bar
Larger denominations of gold plates: 50 grams, 100 grams, 250 grams, 500 grams, and 1 kg of gold.

400 oz gold bar
This 400 oz gold bar, at $2,000 per oz gold, is worth the $800,000 cash beside it. The gold bar is extremely heavy, weighing more than three full milk jugs.

One tonne of gold
Here’s what one tonne of gold looks like. At $2,000 per oz, it’s worth $64.3 million.

Truck full of gold
Gold is so heavy that the suspension of an average truck would break if it held anymore than pictured above. Even if the truck’s suspension broke, the load of gold in the back could buy 2,660 brand new trucks at an MSRP of $40,000 per truck.

10 tonnes vs 100 tonnes of gold
Here’s 10 tonnes of gold compared to 100 tonnes of the yellow metal.

Semi-truck carrying the legal maximum weight in gold
This semi-truck is carrying the maximum load it can legally carry, which is about about 25 tonnes. Here there are 24.88 tonnes of gold, worth $1.6 billion.

B2 Bomber with how much gold it costs
The Northrop Grumman B2 Spirit Bomber program cost $44.75 Billion for a total of 21 units built, which averages to $2,130,952,380 per unit. Shown here is the amount of gold it costs to buy one unit.

The United States' Gold Reserves
Here’s the entire gold reserves of the United States government, which is 8,133.5 tonnes.

World gold reserves
Here’s the world’s gold reserves by government circa 2012. This is slightly outdated, with China and Russia both having significant increases since then.

All the gold in the world
All gold mined in history, stacked in 400 oz bars. The 166,500 tonnes here is actually divided into four levels: the bottom level is jewelry (50.5% of all gold), the 2nd level is private investment (18.7%), the third level is world governments (17.4%), and the highest level is other uses for gold such as industry (13.4%).

All the gold in one cube
Lastly, we finish off with an image of all of the world’s mined gold in one cube with dimensions of 20.5m. If it was all melted, it would fit within the confines of an Olympic Swimming Pool.

Source: Visual Capitalist

*  *  *

Want to learn everything you need to know about gold in about 20 minutes? Our five-part Gold Series covers everything from its rich history, supply and geology, demand drivers, investment properties, and market trends.

 

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Thu, 09/24/2015 - 17:40 | 6590379 RopeADope
RopeADope's picture

For a proper scale 'All the gold in the world' should be placed next to the world.

Just saying...

Thu, 09/24/2015 - 17:43 | 6590392 coinhead
coinhead's picture

This again highlights why you should be out there buhing Bitcoin hand over fist.  While there is virtually limitless gold on Earth, only 21 million Bitcoins will ever be made.

https://localbitcoins.com

Thu, 09/24/2015 - 17:44 | 6590396 BTFDemocracy
BTFDemocracy's picture

Graphics from above in full resolution @ original site:

http://demonocracy.info/infographics/world/gold/gold.html

 

Thu, 09/24/2015 - 17:57 | 6590460 J S Bach
J S Bach's picture

One Olympic-sized pool of gold to act as a solid anchor for all currencies of the world.  You could also melt it all down into real anchors - each to be tied around every bankster's neck before throwing them into the ocean.  Either idea works for me.

Thu, 09/24/2015 - 21:14 | 6591322 logicalman
logicalman's picture

Concrete boots are a lot cheaper.

 

Thu, 09/24/2015 - 21:25 | 6591358 J S Bach
J S Bach's picture

"... cyanide, contracts, HIGH-VOLTAGE! - DONE DIRT CHEAP!"

Thu, 09/24/2015 - 22:11 | 6591494 stacking12321
stacking12321's picture

in case anyone wants to buy gold at *spot price* (no premium), apmex has a special on ebay, see ebay 121580551976, looks like there's a few left

the crazy thing is that it's cheaper through apmex on ebay than it is on apmex's own website

Fri, 09/25/2015 - 00:21 | 6591744 Bomp
Bomp's picture

Tungsten-filled gold... ?

Fri, 09/25/2015 - 01:42 | 6591863 Gavrikon
Gavrikon's picture

Not from Apmex.  And not one-ouncers.

Thu, 09/24/2015 - 18:06 | 6590512 A Nanny Moose
A Nanny Moose's picture

mmm...shiny

Thu, 09/24/2015 - 18:27 | 6590613 justdues
justdues's picture

Where is UK in that countries gold pic ? Iran has more than UK ? And should,nt Germany,s gold be included in the U.S s pile , in fact should,nt Germany,s gold be all that the USA actually has left ?

Thu, 09/24/2015 - 18:35 | 6590652 RaceToTheBottom
RaceToTheBottom's picture

Italy is the savvy one.  Their country is close to defaulting but they keep their gold.  Learned from those early Venetians.

Fri, 09/25/2015 - 07:01 | 6592065 N2OJoe
N2OJoe's picture

That's a mighty big presumption that USA still has Germanys gold, since "we" basically defaulted on the "loan".

Thu, 09/24/2015 - 18:07 | 6590517 Gumbum
Gumbum's picture

Limetless? I don't think you understand the concept. 166,500 tonnes is less then 24 grams per human.

The way we strip resources is the same no matter what resource it is. We take the easy stuff first, the lowest hanging fruit.

Thu, 09/24/2015 - 18:29 | 6590624 justdues
justdues's picture

I,ve got my 24 grams

Thu, 09/24/2015 - 22:47 | 6591586 StychoKiller
StychoKiller's picture

How many atoms of Au in those 24grams?

Thu, 09/24/2015 - 18:34 | 6590645 Stuck on Zero
Stuck on Zero's picture

About the 21 million bitcoins.  Anyone can start a new bitcoin operation.  There are an infinite number of such block chain operations conceivable.

Thu, 09/24/2015 - 21:34 | 6591380 stacking12321
stacking12321's picture

while that is true, there is something called first-mover advantage.

many, many millions of $ have been invested in bitcoin and blockchain infrastructure development.

how much has been invested in peercoin or sexcoin? and how many merchants will accept it?

the situation may change in the future, but for now bitcoin is the default for cryptocurrency.

Thu, 09/24/2015 - 23:33 | 6591660 44_shooter
44_shooter's picture

Sorry, I'll take physical over virtual any day of the week.  

Sat, 09/26/2015 - 01:42 | 6595837 Dame Ednas Possum
Dame Ednas Possum's picture

100% correct...in stating "for now".

You're also right about "first mover advantage"...

...gold has 6,000 years on crypto currencies.

Thu, 09/24/2015 - 18:42 | 6590686 BitBullish
BitBullish's picture

Now show the one with all the paper gold to scale 

Thu, 09/24/2015 - 19:55 | 6591034 Vlad the Inhaler
Vlad the Inhaler's picture

What happens when one clever entity acquires all 21 million bitcoin?

Thu, 09/24/2015 - 21:18 | 6591337 logicalman
logicalman's picture

A better idea will take its place and the 'clever entity' will have a bunch of zeros and ones that nobody gives a stuff about while living out of dumpsters.

Intrinsic value and all that!

 

Fri, 09/25/2015 - 10:05 | 6592607 Reichstag Fire Dept.
Reichstag Fire Dept.'s picture

You watch and see...Goldman Sachs and JPM will find a way to make Bitcoin cash and debase the hell out of it!! Either that or collateralize it into worthlessness. 

Fri, 09/25/2015 - 05:54 | 6592012 Lurk Skywatcher
Lurk Skywatcher's picture

"This again highlights why you should be out there buhing Bitcoin hand over fist.  While there is virtually limitless gold on Earth, only 21 million Bitcoins will ever be made."

How much does 21 million bitcoins weigh again? Oh, thats right, bitcoins are only temporary fragments of magnetic polarity that require numerous simultaneous systems in order to exist. That doesn't sound as reassuring as an couple ounces of palmed gold in a fistfight.

Fri, 09/25/2015 - 06:54 | 6592063 Tall Tom
Tall Tom's picture

coinhead...I like how you bragged on YouTube the other day that you are Fonestar.

Fri, 09/25/2015 - 06:35 | 6592049 Klemens
Klemens's picture
Crash JP Morgan - Buy Silver!

https://www.youtube.com/watch?v=QCM7rMIqxmk

Fri, 09/25/2015 - 11:21 | 6592980 Slomotrainwreck
Slomotrainwreck's picture

The 166,500 tonnes here is actually divided into four levels: ...

For a proper scale... There is now currently 6 billion ounces of gold available above ground with only 1 billion ounces of silver available.

Approximately 32,300 oz/Ton - = 5/1 Gold/Silver ratio.Now  consider all the Gold that will never enter the market.

WooHoooo! Does the word Supply vs. Demand ring a bell?

Thu, 09/24/2015 - 17:42 | 6590387 HardHatBanker
HardHatBanker's picture

Yes, gold is heavy. 

Thu, 09/24/2015 - 18:09 | 6590525 Skateboarder
Skateboarder's picture

And forged in the moments of exploding fury in a supernova. Man has tried to turn ___ into gold for ages, and laughingly failed. You can't forge an ELEMENT, fool!

Thu, 09/24/2015 - 19:07 | 6590836 Skateboarder
Skateboarder's picture

Well duh, humans are able to make heavier elements by acheiving high enough energy generation. I guess I mean to distinguish lighter elements which cannot be [easily] made by man.

Thu, 09/24/2015 - 20:02 | 6591066 Zoomorph
Zoomorph's picture

Can be made: https://en.wikipedia.org/wiki/Synthesis_of_precious_metals#Gold

Cannot be made easily by man in 2015. However, just 200 years ago, cars couldn't be made easily by man either. Who knows what the future will hold.

But the big question is why man would want to create gold. It has limited uses beyond as a fashion accessory. Yes, it could back the financial system, but so could acorns. Yes, it could be used for trade, but so could pieces of paper.

Thu, 09/24/2015 - 21:06 | 6591289 TheReplacement
TheReplacement's picture

Making that kind of energy is expensive in real terms of recourses burned.  Same goes for space mining.  Gold has a very finite quantity as applies to earth.

Fri, 09/25/2015 - 09:29 | 6592383 ElectroGravitic
ElectroGravitic's picture

Energy generation does not require burning or consumption of resources.

The Universe is energy, and it is all free in that you don't have to pay bankers to tap it.

Educate yourself. See SIRIUS The Movie.

 

Fri, 09/25/2015 - 00:41 | 6591792 Mark_BC
Mark_BC's picture

Acorns and paper can be produced in almost limitless quantity.

Fri, 09/25/2015 - 11:26 | 6593061 Slomotrainwreck
Slomotrainwreck's picture

Who knows what the future will hold.

Looks and smells like Fiat Gold; Make as much as you want. Spain lost more than 60% of the ir Silver value when they imported North America stolen Silver back home. Look upo EROI. The less energy invested means the less value potential.

Thu, 09/24/2015 - 17:42 | 6590388 XAU XAG
XAU XAG's picture

http://www.1prime.biz/news/0/%7B07C0B698-FB1A-47D3-81AE-DE680EDE213A%7D.uif

 

KHARTOUM, Jul 29 (PRIME) -- Russian company Siberian for Mining has found large gold deposits in Sudan with only explored reserves standing at 46,000 tonnes 

Thu, 09/24/2015 - 17:49 | 6590425 Gambit
Gambit's picture

Good, need me some.  I called my deal yesterday to buy some 1oz bars, he was all out.  Gold shorts are about to get their balls squeezed and I want to be in on it. 

Thu, 09/24/2015 - 19:41 | 6590988 GooseShtepping Moron
GooseShtepping Moron's picture

You might want to rephrase that last sentence.

Thu, 09/24/2015 - 18:18 | 6590568 KingTut
KingTut's picture

Good thing gold miners never exagerate their claims.  And they would never sell stock based on ridiculous prospects, no never.  Besides russian gold miners are more honest than your usual gold miner.  In the article they say its $298 Billion, which is 'only' 7000 tons.  I'm sure they found something pretty good, but probably more along the lines of  a few 100 tons, which is still spectacular.

Fri, 09/25/2015 - 09:33 | 6591080 ElectroGravitic
ElectroGravitic's picture
Civil Case No. 3957-P in July 14, 1964. The True Story of the Tallano (TALA) Estate A complainant filed a civil case in Branch 111, Regional Trial Court, Pasay City and was docketed as Land Registration Court (LRC)/Civil Case No. 997-P. Through a motion by the Solicitor General of the Government of the Republic of the Philippines , the case was consolidated into LRC/Civil Case No. 3957-P in July 14, 1964 . Alongside, the return of the 617,000 metric tons of gold to a Filipino Royal Family. Several prominent landholders, businessmen and the deposed dictator ex-President Ferdinand E. Marcos were implicated. As the litigation progressed, different numbers of Original Certificate of Title (OCT) were presented.

In 1968, the Senate and the National Bureau of Investigation each conducted a separate investigation to determine which are valid. But the court declared only one mother title, two Transfer of Certificate of Titles and its owner as authentic. Consequently, leaving the other titles as null and void, no probative value and non-bankable. In February 4, 1972 , the presiding Judge Enrique Agana handed down the Decision with Compromise Agreement in consideration of sound judicial system and the Tagean-Tallano Clan. When Martial Law was imposed in September 21, 1972 , rapid reversal of the court decision occurred. A state of affair encapsulated in a documentary that sheds light on the proliferation of fake titles in the Philippines until now.
Source: https://www.youtube.com/watch?v=6TCOKD2Ln7c

Thu, 09/24/2015 - 23:30 | 6591655 Boxed Merlot
Boxed Merlot's picture

…Good thing gold miners never exagerate their claims....

 

A recent ZH article spoke of First Mining Financial Corp building a "Mineral Bank" that had attracted the likes of Soros and his ilk to the sphere.  CEO Mr. Keith Neumeyer was said to be acquiring gold at the ridiculously low cost of 7-9 USD per OZ of proven and probable reserves.

The recent “discovery” of this phenomenon resulted in his newly founded penny stock going from .25 to nearly .40 USD overnight earlier this week.

 

I welcome the addition of this particular investment vehicle and will be following its development in the future as I'm a beneficiary of a family holding of deeded mineral rights with proven reserves and would love to see a simpler way to monetize the asset.

In the meantime, anyone interested in buying “physical” gold in at least a better legal location than a boating accident in disputable waters?

Let me know. 

Jmo.

Thu, 09/24/2015 - 17:45 | 6590401 MonetaryDigitalis
MonetaryDigitalis's picture

Nice.

Thu, 09/24/2015 - 17:48 | 6590420 RaceToTheBottom
RaceToTheBottom's picture

Dream house.....

Thu, 09/24/2015 - 17:53 | 6590441 Banjo
Banjo's picture

Luckily banker alchemy can boost that by 256+ …supply problem solved.

Thu, 09/24/2015 - 18:03 | 6590491 Beam Me Up Scotty
Beam Me Up Scotty's picture

Exactlty.  Why try and change LEAD into gold, when you can turn PAPER into gold??  Its one hell of a lot cheaper to do that.  Wait until its 500x, and then 1000x, and then 100,000x.....

Thu, 09/24/2015 - 18:07 | 6590516 A Nanny Moose
A Nanny Moose's picture

tale as old as time. Mystics run the fucking planet.

Thu, 09/24/2015 - 18:19 | 6590579 Skateboarder
Skateboarder's picture

We call it GLD, and at last check it was ~230 claims per oz.

Thu, 09/24/2015 - 18:28 | 6590617 RaceToTheBottom
RaceToTheBottom's picture

Bullish on Claims per oz!

Thu, 09/24/2015 - 17:57 | 6590450 Dre4dwolf
Dre4dwolf's picture

I have trouble believing those figures, I mean factor in every oz that has ever been mined, refined and turned to bullion, bars, coins, jewelry etc..

There has to be atleast 10x the stated amount in play.

How much gold has china extracted and refined in secret? how much gold have miners hoarded? there are a lot of intangibles.

But the stated amount may be more or less correct if you factor in that the majority of reported gold in bank vaults is probably tungsten lol so....

In anycase I think the total nominal amount of oz in the earths crust is more important.

How much can still be extracted?

If you somehow managed to gather a basketball sized chunk of gold, you are pretty well off.

 

Thu, 09/24/2015 - 18:11 | 6590536 KingTut
KingTut's picture

I sympathize with your sketicism, but there have been really accurate records kept of modern gold mining in the west, which is by far the lions share of it.  Sure there's a bunch on the bottom of the ocean, and some has been buried and forgotten about, and some is secretly squirreled away somehwere.  But fully 1/3 of that total came just out of South African mines since the 1880's.  We can estimate what has been mined globally since then within a few percent.  The chinese are raping their deposits (high grading), and could actually get more out of them if they invested more.  We know how much gold came out of the new world into spanish vaults, and it was tiny by these standards.  Inevitably gold gets converted into cash by desperate owners, at which point you get to count it again.

However, we don't really know how much is out there because people are so secretive about it.  But we're off at most by 10-15%, not a factor of 10.

Fri, 09/25/2015 - 09:43 | 6592469 ElectroGravitic
ElectroGravitic's picture

google Annunaki gold mines

There is physical evidence Annunaki were mining gold in Africa more than 200,000 years ago. Did you keep a record of their gold output?

The Universe is stranger than you know.

Sat, 09/26/2015 - 02:13 | 6595854 Dame Ednas Possum
Dame Ednas Possum's picture

Good point. This really does need to be considered.

I mean when some of the continent have only recently evolved beyond picking peanuts out of their own poop, then clearly the scale and sophistication of 'mining' operations that comprised of a few knuckle-dragging primates scratching sticks on the ground 200,00 years ago must have yielded a quantity of phyzz over a few millennia that could...gold-plate a pen.

Have some self-respect.

Thu, 09/24/2015 - 18:44 | 6590692 mudduck
mudduck's picture

How could you question data that has for thousands of years been the historical audit domain of kings, queens , pharaos, caesars, warlords, conquerors, central bankers, etc. You would dare to suggest that such paragons of virtue would keep secret  such valuable information for their own ends? And of course all the gold ever gathered in human history has been mined in the last 40 to 50 years, we are just that good (just because they could build pyramids doesn't mean they could mine)

Thu, 09/24/2015 - 17:55 | 6590453 strangeglove
strangeglove's picture

Tastes like iPad

Thu, 09/24/2015 - 17:59 | 6590465 KingTut
KingTut's picture

An olympic swimming pool is 50 meters by 25 meters, but has different depths.  At the real olympics they recommend 3 meters.  So if you work it out, it actually takes one 6.9 meters deep, or 2+ olympic swimming pools to accomodate all the gold.  

Thu, 09/24/2015 - 18:54 | 6590756 Superdave532
Superdave532's picture

Was thinking that.  Still, if you've ever seen the impressive aquatics complex at Stanford University, that'll give you an idea of how ridiculously small of an amount that is.

Thu, 09/24/2015 - 18:00 | 6590475 q99x2
q99x2's picture

3/4 of the world's surface is underwater. Hehe you know what that means.

Thu, 09/24/2015 - 18:05 | 6590500 Beam Me Up Scotty
Beam Me Up Scotty's picture

And thats where all of my gold is, underwater.

Thu, 09/24/2015 - 18:00 | 6590476 Thisisbullishright
Thisisbullishright's picture

Does the U.S. really have 8133 tons of gold still?  I think there's no way!

That shit is GONE!!

 

Thu, 09/24/2015 - 18:06 | 6590511 VinceFostersGhost
VinceFostersGhost's picture

 

 

Agreed.....it's just not there.

Thu, 09/24/2015 - 18:16 | 6590557 boattrash
boattrash's picture

Make me king for a day and our number will increase by 2814.0 T...

...and all the IMF motherfuckers will be at the bottom of the ocean...

Thu, 09/24/2015 - 18:30 | 6590629 A82EBA
A82EBA's picture

i can see my 1.25 lbs right there on the corner, by the pickup truck :)

Thu, 09/24/2015 - 18:05 | 6590499 saints51
saints51's picture

Is this a rehash of a previous ZH article like a year ago? I didn't see the link to another Zh article but sure thought we seen this infographic along with a silver one.

Thu, 09/24/2015 - 18:29 | 6590626 Element
Element's picture

In 2012 alone, global gold production hit 2,700 tonnes, or more than a third of the supposed US holdings that year in the graphic. So not buying these graphics at all, they are waaaaaaay underestimating the tonnage mined to date.

 

Fri, 09/25/2015 - 00:36 | 6591783 Mark_BC
Mark_BC's picture

The US holdings are likely a lie, it is doubtful the US has any gold left, at least unencumbered.

Thu, 09/24/2015 - 18:29 | 6590627 Argenta
Argenta's picture

And to think, there's less physical silver above ground than that...

-Argenta

Thu, 09/24/2015 - 20:40 | 6591202 oddjob
oddjob's picture

2/3 less.

Fri, 09/25/2015 - 00:35 | 6591780 Mark_BC
Mark_BC's picture

Just wondering, the upper level of that pile is supposedly for industrial uses of gold so I wonder if most of that is in the landfill along with the silver.

Thu, 09/24/2015 - 18:46 | 6590698 frankly scarlet
frankly scarlet's picture

calling Karen Hudes and a few other ? ...

Thu, 09/24/2015 - 18:45 | 6590701 Pejorative Requiem
Pejorative Requiem's picture

And that's why many believe gold should never be money

Thu, 09/24/2015 - 18:59 | 6590795 random999
random999's picture

so where does this put platinum?

Thu, 09/24/2015 - 19:02 | 6590812 dojufitz
dojufitz's picture

I'll take the tonne of Gold and the woman on the couch.......and the pickup.

Thu, 09/24/2015 - 19:06 | 6590830 coast
coast's picture

Doesnt matter...the chemtrails will kill you before you can sell your gold.

Fri, 09/25/2015 - 00:33 | 6591777 Mark_BC
Mark_BC's picture

Chemtrails are a myth, there is no such thing. They are "con"trails, condensation from the engines' combustion. Seriously, if the government wanted to poison you they wouldn't be doing it from 30,000 feet in broad daylight in highly visible ice trails behind commercial airliners, lol...

Thu, 09/24/2015 - 19:11 | 6590854 bruno_the
bruno_the's picture

Well if you can fake it... Long eye oppening

Barrick Gold Corp

https://www.youtube.com/watch?t=213&v=CCLu5hpYYWI

Thu, 09/24/2015 - 19:25 | 6590931 Mr. Schmilkies
Mr. Schmilkies's picture

i gots some o'dat, but you can hardly see it. 

Thu, 09/24/2015 - 20:24 | 6591131 PartofOne
PartofOne's picture

U.S. Dollars (paper goods)

Fountain Pen

Swiss Army Knife

Truck

Wooden Pallet

Man

Woman

Clothing

Shoes

Semi Truck

B2 Bomber

House

Statue of Liberty

Helicopter

Display Sign

Swimming Pool

Those are the items pictured above and from all I have seen, everyone on this comment board seems to only value the gold.  What is wrong with all of you?

PEOPLE worked for and created all of that.  When are we going to start valuing PEOPLE?

You are all fools.  Give me a man or woman that values their word and honors their deed and together, we can recreate all of those items again.  

If you were alone in the desert on your last breath and you had that 20.5m cube of gold, which one of you wouldn't trade it for a gallon of potable water?

No wonder you're so easily manipulated - you don't know what's valuable.  

Fri, 09/25/2015 - 00:31 | 6591772 Mark_BC
Mark_BC's picture

You miss the point that the transactions of trade for all of those created items need to be mediated by money, which is what gold represents -- the only form of money that cannot be corrupted long term by bankers, ie on the scale of several deccades. You can't store your retirement nest egg in ball point pens.

Thu, 09/24/2015 - 20:56 | 6591262 MEFOBILLS
MEFOBILLS's picture

“ Observations on Reversionary Payments, first published in 1769 and running through six editions by 1803. “A shilling put out at 6% compound interest at our Saviour’s birth would . . . have increased to a greater sum than the whole solar system could hold, supposing it a sphere equal in diameter to the diameter of Saturn’s orbit.” 

http://michael-hudson.com/2004/01/the-mathematical-economics-of-compound...

Who is going to pay creditor who loaned Jesus a shilling at 6%?  Is Jesus going to give him a sphere of gold equal to the diameter of Saturn’s orbit.  Since this calculation was done in 1769, then the sphere of Gold is probably equal to several solar systems now, as compound interest starts doubling even faster with time.

The idea of fixed quantities of gold being some sort of anchor, falls apart when one examines exponential of compound interest.

Is a “gold as money” economy going to eliminate usury, especially compound interest math at the heart of debt instruments?  To ask the question is to answer it – no and even hell no.  Those who hold gold will not part with “their precious” unless they get their pound of flesh.

The best anchor would be a bancor system that fluxes in relation to goods and services.  Goods and services are relatively constant in international trade, and said trade is only barter.

 

All money is law, it is not metal.  Law would have to code for natural curves, not exponentials.

Thu, 09/24/2015 - 21:28 | 6591365 sunnyside
sunnyside's picture

How does the number shown (166,000 tonnes) compare to the stated amount owned by nations plus all of the "gold" in funds like GLD plus all other known holders (I gues these should add up to half if half is said to be jewlery).  Do the numbers come close to adding up?

Fri, 09/25/2015 - 00:29 | 6591767 prkl
prkl's picture

What are you trying to say?

Thu, 09/24/2015 - 21:45 | 6591405 JOHNLGALT
JOHNLGALT's picture

Can't change my avatar. Are you guys asleep?  _JOHNLGALT?

Thu, 09/24/2015 - 21:52 | 6591423 q99x2
q99x2's picture

Water tubes to the floor of the ocean. Oh you don't know what water tubes are. We use them on Q99X2 for mining the oceans. They are tubes suspended as corrugated rings of pressurized hydraulic fluid in the center of a concrete wall and filled with air passages all the way to the floor of the ocean. We use them for mining gold. Ok ok ok how about Caterpilar robots that crawl across the ocean floors swinging metal detectors back and forth. When they get a woody they start digging. No Hows  about extracting the gold out of all the goldfish in the oceans.

Fri, 09/25/2015 - 01:02 | 6591813 AgentScruffy
AgentScruffy's picture

Would like to see a cube representing all the paper claims on gold + allegedly 100% allocated accounts versus actual gold in world. 

Fri, 09/25/2015 - 04:28 | 6591966 GFORCE
GFORCE's picture

This is porn for Goldcore, Sprott and the rest of the gold scammers.

Fri, 09/25/2015 - 09:22 | 6592365 Argenta
Argenta's picture

Here's a option.  There's a great amount of gold in sea water.  California desperately needs drinking water.  As part of the RO system needed to turn seawater into potable water, why not spend a bit more and extract the gold?  It could pay for the system and everyone wins.

-Argenta

Mon, 09/28/2015 - 03:30 | 6601025 onmail1
onmail1's picture

Demonic Truth :

1) 99% gold is in the centre of earth , in the inner core . Due to being heavy, gold, Platinum etc. heavy metals sank to the center of earth. The temperature there is same as on the Sun 5400 deg. C

2) Inner core is surrounded by a lake of fire , mostly molten Iron which circulates just like blood within the veins of a person.

3) The top layer of solid earth where exist mountains, trees, houses , oceans etc. where we live in deception.

The lake of fire is the Hell where evil people are sent for punishment. Those who love money & wealth & do evil in order to get it , they are attracted to the inner core where the most gold exists , in order to reach there , they get entrapped in the hell , the lake of fire for their doom.

Repent Rich or you are bound for the ultimate wealth below alogwith its ultimate punishment.

Mon, 09/28/2015 - 09:49 | 6601503 fancyfree
fancyfree's picture

First of all, your history is all wrong.  Civilization predates 6,000 BC.  Proof?  The Hapgood map, showing that there was a good cartographer before this ice age: https://s3.amazonaws.com/khudes/Hapgoodmap.png  Or look at the Sphinx, and the signs of ancient civilizations off the coasts, that were submerged when the sea level rose 400 feet.

Second of all, there are 1,800,000 metric tonnes of gold in the international monetary reserves of the nations contained in the Global Debt Facility.  The Global Debt Facility is administered by the Board of Governors of the World Bank and IMF.  The lackeys of the Network of Global Corporate Control identified by Vitali, Glattfelder, and Battiston of ETH Zurich  http://arxiv.org/PS_cache/arxiv/pdf/1107/1107.5728v2.pdf have liens against their personal assets for trying to prevent the Global Currency Reset. https://s3.amazonaws.com/khudes/Twitter9.28.15.pdf

A good place to start learning about true history, as opposed to the Network of Global Corporate Control lies:  http://www.naaij.org/2013/10/12/the-greatest-heist-in-history-the-jesuits-bankers-hid-the-worlds-treasure/

 

Do NOT follow this link or you will be banned from the site!