$8,648,800,579,198
Yep - That's
trillions
Based on current spot gold price of $1,726.00
In November of 2005,
we reported that the value of all the gold
ever mined in the world since the beginning
of human history was some $1.89 trillion
dollars.
At
the time, that number was fairly accurate,
given a round estimate of some 140,000
tonnes extant of the shiny yellow stuff,
and the then-prevailing spot price.
But
since that time, a lot has happened to
the dollar/gold equation.
Here
we report daily, the latest value adjusted
for new production and current gold price.
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