Grasping the scarcity of Gold
“Gold is really not as enigmatic as one might think after reading endless stories about what’s new in the paper markets, etc. Gold is finite – quite scarce in fact, and we have a pretty good idea how much is out there. A small increment of new supply comes on to the market each year, and we have a pretty good idea how much that is, and where it’s going.
Let’s ask some questions, and see if we can get our hands around this scarcity in terms that make sense to us. Let’s start here;
Q. If all the Gold currently not in central bank (sovereign) or ETF hands were to be distributed equally amongst everyone on earth… how much would each person have?”