Tuesday, December 21, 2010

Gold and Silver Worldwide Reserves

Edit of my previous post.

http://usdebtclock.org/gold-precious-metals.html

According to this website, current gold reserves worldwide are 1.578 billion oz of gold, and 8.808 billion oz of silver.

Therefore, at today's spot prices, all the gold in the world costs 2.187 trillion dollars, and all the silver in the world costs 258 billion.

...Or roughly one year of US deficit spending. Collect doz shinies.