Monday, July 25, 2011

How much gold is there in the world?

When it comes to precious metals, they really are short on supply. Gold, which is not the most scarce of those metals is still defined in personal sizes even when discribing quantities of the world.

There are various estimates of how much gold there is in the world, but most estimates place it at an amount that could be stored in a single medium sized area. One estimate, which states that all the gold in the world would fill up two olympic sized swimming pools  and that article also states that all the platinum in the world would fill up a medium sized living room.

So think about that, the entire world, vs the size of a few pools or even a living room. It is a scarce metal and it never goes bad. Its an interesting investment, or is it an inflated commodity?

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