re: #153 freetoken

Mine production last year was closer to 2800 tonnes, as high prices are encouraging production from low yield sources:
[Link: www.gfms.co.uk…]

That’s 2,800,000 kilograms.
At 19.3 grams per cubic cm, which makes for 145,077,720. cubic cm per year.

That’s a cube 525 cm on a side.

Right, so at $1500 per ounce it takes what $150 billion just to buy the new gold, let alone the existing gold that is already on the market that might switch hands.

That is about 3% of the amount of gold already available for investment every year, which is not much different than the rate of inflation.