Total value of all gold ever mined is somewhere around $3 trillion at current prices. For comparison, total liquid net worth of all Americans is $30 trillion.
Yes, and the part I love is China’s $1 trillion in Forex reserves (represents a large sum relative to total mined gold)
If China ever decides a significant portion of its Forex reserves should be held in gold, we better hope we are holding gold in our portfolios and not holding dollar-denominated securities!
