Continent & Country |
Total All Countries - 1835 on |
& Depletion |
ANNUAL PRODUCTION
CUMULATIVE PRODUCTION
Counting all the gold produced since 1835
TOTAL STOCKS vs CB STOCKS
Counting all the gold produced since 1835
Note the CB/Treasury holdings that peaked prior to WW2 - when Gov't held most all known gold
Current levels are aprox 30,000 tonnes but in reality they could be half of this due to gold leased & swapped out
Essentially Central Banks have gone from holding 95% plus gold to now only holding approx 10%
Since 1980 world stocks have risen by 50% while the price was falling 50%
PRODUCTION vs PRICE
Since 1980 world stocks have risen by 50% while the price was falling 50%
ANNUAL VALUE
CUMULATIVE VALUE
This shows the total value of all gold produced since 1835
World gold values rising from 70 billion in 1965 to over 2 trillion
STOCK-TO-FLOW
ANNUAL CHANGES
Annual changes in total gold stock = gold inflation rate
Annual changes in mining production
Total Mine Production vs Total Demand
Demand Less Production Shows Shortfall
Note that since 1950 - over the last 70 years
174,000 tonnes (over 91% of the gold ever found) has gone into demand with 145,000 tonnes of this having come from production
This leaves a shortfall of 29,000 tonnes which has come from CB sales, stockpiles & scrap
This means that there's 29,000 less tonnes to come from CB sales, stockpiles & scrap to meet future shortfalls
This deficit equals approx 8.5 years production
Silver/Gold Mine Production Ratio