Estimates for all the gold ever mined in the world are around 165,000 metric tons. A metric ton is 32,150 troy ounces, meaning there are only 5.3 billion ounces out there -- or less than one for every person on the planet! Do you have your ounce?Get thee to a coin shop, my friend.
Now assuming that most inhabitants of third-world nations don't have a lot of gold, how much gold is there per developed-world inhabitant? The OECD countries have a population of about 1.2 billion, meaning there are about 4.4 ounces per developed-world citizen. Do you have your share?
With gold still far below its 2011 highs but looking technically very strong, the U.S. still running deficits of 8% of GDP, and Australia looking to join the global printfest, this would be a good time to revisit Gold: do you have your share?
UPDATE: Edited to remove the guy's name. I hope nobody harasses him or his employer. He was good-natured and his sign was innocuous a...
Gavin Newsom's insane new executive order commands Californians to stay in their homes "until further notice" "except as...
Democrats are talking about repealing the SALT limits. What nobody's talking about is that SALT is largely irrelevant to the middle clas...