Download now: Gold and Silver Mining Stocks

How Much Gold Is There in the World?

Greg McCoach, editor of The Mining Spectulator and Greg McCoach’s Insider Alert gives a specific measurement of how much gold is in the world...

The total amount of gold production, worldwide, is 50 million troy ounces per year. But the amount of physical gold that currently exists above ground – which is within the market- visually looks much less daunting than anything 50 million ounces worth!

“What people need to realize is, they call it precious metals because it really is so rare. If you took all of the physical gold that exists above ground in the world and melted it down into one giant cube, that cube would measure 20 yards, by 20 yards, by 20 yards. It’s a tiny market.”

That figurative cube of gold would measure to be the length and width of two volleyball courts side by side and 20 yards thick.

That is an incredibly small amount of metal for something that is used as one of the most valued investments throughout the world as prices continue to rise!

To give you a better idea, we here at Wealth Daily, have created a scale to show you just how much gold that would be if melted down into a cube:

statue of liberty and monument gold

Related Articles

World's Biggest Gold Buyer

Over a ten year period, this nation has purchased even more gold than China. And it will keep up this rapid buying...

Chinese Gold Investments

China nearly doubled its gold imports last year, and that along with the creation of gold ETFs could have a major impact on gold prices...

Gold Price Cycle

Gold price peaks have been following a 21 to 22 month cycle since 2006... When will it peak again?

Germany to Retrieve Gold from U.S. Fed

Since the Cold War, Germany's gold reserves have been spread across the U.S., UK, and France. Now it wants to bring it home.

What is the benefit of the email subscription?
While the Wealth Daily website offers access to the articles and reports, as a newsletter subscriber you will be among the first to receive access to the valuable advice, delivered directly to your inbox daily, and you will have access to deals on our exclusive services.
Greece's Keynesian Experiment
Big Government Doesn't Work
China's World Domination
And Why it's Not Going to Happen
Should Greece Pay Its Debt?
The Case for a Greek Default
Gold's Early Warning
Deflation May Be Coming
There's No Escaping Austrian Economics
Fed Bubble is Popping
Guaranteed Returns in Cotton Futures!
Uncle Sam's $5 Billion Cotton Scam
Investing in Rhenium
More Valuable Than Oil and Gold Combined!
Greece is Screwed!
10 Ways to Protect Yourself from the Global Economic Crisis
Investing in the Next Silver Bull Market
Silver Short Selling: Manipulation or Opportunity?
The Best Reason to Buy Silver
A Long-term Outlook for Silver