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Inforgraph: Which Gold Miners Hold the Most Physical Supply

derrybderryb Posts: 36,824 ✭✭✭✭✭
in Precious Metals
Infograph: Which gold miners hold the most physical supply

"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

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  • OPAOPA Posts: 17,121 ✭✭✭✭✭


    << <i>Infograph: Which gold miners hold the most physical supply >>



    One of the comments to their nice charts was: "Only about 4.5 billion ounces of gold have been mined in all of history, This graphic indicates that 2 billion sits in mining company reserves. That makes no sense." I tend to agree....makes no sense.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    I guess if you add up every stinking inferred or guesstimated ounce of gold in ANY mining company's portfolio you might come up with a few extra billion ounces of gold.....gold that may never see the light of day in any of our
    lifetimes or in our grand children's lifetimes. With only 2800 tonnes coming to the surface each year (90 MILL oz.). It will take a long time to efficiently bring up those 3 BILL ounces of gold. A huge number of those smaller
    deposits are uneconomical to mine...at least with today's technologies and pricing. The numbers seem reasonable to me.
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    I obviously need to stack more to get on the chart.....image Cheers, RickO
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