$5,442,514,189,686
Yep - That's
trillions
Based on current spot gold price of $1,120.00
Not
so long ago, November of 2005 to be exact,
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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