Niice visualization on Total Gold. that i came across
So far total identified gold on earth: 254296 tonnes, of which 79.15% are out of ground. 20.84% below ground.
once these identified gold reserves 20.84% are mined. gold will increase rapidly more than the rate that we are seeing now. so this thread is about keeping a close watch on this year on year.
- We are talking about only identified gold mines. no one is sure about how many are yet to be identified.
Deman and supply by World Gold Council.
53000 tonnes on the ground.
take for example ~3600 tonnes mine production yoy. (much lesser that what we see the chat)
we will be out of gold in ~14.7 years max.
do we live to see gold skyrocket?
elon musk/ his counter parts will mine gold from asteroids?
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