where you get figures of 500,000 tons to 1 million is beyond me.You had to have just made them up.The most optimistic figures I have ever seen place the total gold out of the ground in all of human history at around 170,000 tons.
Quoting: Anonymous Coward 6102910 Poster 1:
I believe the world gold has more than 1 million tonnes. My ex company is a legal firm. I saw contracts for gold deals before. Last year my boss (a lawyer) drafted contracts for total of 480 000 metric tonnes gold.
My boss represented a seller, and the golds sold to 12 buyers around the world. So, the data from World Gold Council is totally wrong. The world has much more gold than 160 000 metric tonnes.
By common sense, we know the fact (world only has 160 000 MT gold) is wrong. if by size, 160 000 mt gold is only a cube with dimension 20 m x 20 m x 20 m.
Poster 2:
Oh, and his lawyer writing personally contracts on 480,000 tons of gold last year......... at a rate of $1,100 per ounce, that is $16,975,200,000,000... that's right, almost 17 trillion dollars Wow, one, humble ol lawyer, handling 20% more than the entire USA GDP last year, and no ones even heard of him, or the insane amount of effect that would have on world economy, but no one noticed?..... I want to say something soooo bad right now, but I'll probably get banned if I write it..... why do people even think that our IQ is so low to just accept things they write like this... what, is the author like 12?