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GFMS chief belatedly acknowledges that official gold data is no good

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  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    The official gold data also double counts all leases and swaps, maybe even sales. So I've always figured the official amount could be off by 50% or about 15,000 tons, or about
    6 yrs of world production. That error is probably much greater than the error caused by China, Russia, Iran, Saudi Arabia, and other countries that are stockpiling gold and not reporting it all.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
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