Friday , 18 August 2017


Where On Earth Is the World’s Gold?

Within the planet’s crust, there is only 1 gram of gold for every 250 tonnes (550,000 lbs) of earth. Gold’s rarity means that finding economic deposits is extremely difficult. To understand how gold mining and supply work, we must first unearth how gold deposits form. This infographic, part two in our 2014 Gold Series, covers the full supply picture behind the yellow metal.

So says an introduction to an infographic* by VisualCapitalist.com entitled Gold: Unearthing the Word’s Supply.

 [The following is presented by Lorimer Wilson, editor of www.FinancialArticleSummariesToday.com and www.munKNEE.com and has been edited, abridged and/or reformatted (some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. This paragraph must be included in any article re-posting to avoid copyright infringement.]

 Gold Series Part 2 infographic

[Editor’s Note: The author’s views and conclusions in the above article are unaltered and no personal comments have been included to maintain the integrity of the original post. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.]

*http://www.visualcapitalist.com/the-gold-series-unearthing-the-worlds-gold-supply-part-2-of-5 (This work is licensed under a Creative Commons Attribution-NoDerivs 3.0 Unported License. Copyright 2012 © Visual Capitalist)

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One comment

  1. The following is a reply to a blog comment by Spock, that I posted on 4/6/14

    Much More Gold To Be Found, As Soon As Its Value Rises

    Spock – I’d like to mention that the Oceans of the world contain vast amounts of Gold (plus other PM’s and/or Rare Earth Minerals) which are dissolved in the seawater. This Gold can be mined (or actually filtered) from the seawater but it is now still too expensive to do so. Note: The Koch Brothers have already experimented doing this, since they own a large business that produces filtering media. Imagine a large floating solar powered ship that uses its electric pumps to suck up seawater that contains more than average amounts of dissolved PM’s in it and then after filtering out the PM’s from seawater, pumps it overboard through a pipe back into the ocean a short distance away from the location currently being worked!

    As the easy to mine deposits of Gold ran out, miners shifted to more difficult/expensive to mine deposits, which made the price to mine the Gold increase, along with its value. If traditional mining becomes hugely expensive, then at some point shifting to removing Gold from ocean water will then pencil out.
    I believe that as the amount of Gold that is held by the public goes down, the likelihood of using it being used (again) as a monetary standard increases dramatically, since then those Central Banks and Governments holding most of the Gold could then make out like bandits by re-converting our non based flat money back into a currency that is actually based again on Gold and quite probably all other PM’s.

    I have added “quite probably all other PM’s” because then Silver and the other PM’s could then fill the gap if the amount of Gold is not “enough” to provide a stand-alone monetary standard. It is also possible that in the near future that Gold is always held in vaults and only the other PM’s would be “traded” since Gold’s future value would make it too valuable, to be actually carried about, much like owning a very large diamond, which are only displayed and never worn in public!

    BTW: Since your name is Spock, you might be interested to know that In the future, since mankind may start to mine the Moon and/or asteroids in outer space, you can be sure that if a new extraterrestrial source of any of our PM’s and/or Rare Earth Minerals are discovered, the Bankers in charge of the Worlds PM’s would be among the first to not only know about it but also profit from it. This fact alone my very well be one of the most important reasons for Governments to support their space efforts, even though it would never be mentioned in M$M.

    Excepts from a soon to be released article:

    The Future Of Liquid And Extraterrestrial Precious Metals Or Other Commodities