Just did the math - for all mined gold in the world (~200 thousand tons) at 9 billion people, that would give us 22.4 grams of gold as currency / personal property to spend at any given time, if no one on the world had any “savings”.
Considering that a 100 K EUR would already buy ~1.37 kg of gold, that’s a bit of a mismatch…
Just did the math - for all mined gold in the world (~200 thousand tons) at 9 billion people, that would give us 22.4 grams of gold as currency / personal property to spend at any given time, if no one on the world had any “savings”. Considering that a 100 K EUR would already buy ~1.37 kg of gold, that’s a bit of a mismatch…
This seems like a good post for a math sub for sure.