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Title: What is all the Gold, Silver,and Platinum on Earth worth?
Source: YouTube and the History Channel
URL Source: http://www.youtube.com/watch?v=Oz_oRrn9XjY
Published: Apr 14, 2014
Author: johnb41984
Post Date: 2014-04-14 13:48:09 by GreyLmist
Keywords: Precious Metals, Resources, Commodities, Nevada
Views: 105
Comments: 17

10 minute video. From the Description section:

All the gold ever mined and all the gold still in the Earth is worth over 12 trillion dollars. At today's price at around $1650 that is over 7.4 billion ounces.

All the silver is worth 522 billion dollars. At around $31 and ounce that is 16 billion ounces.

All the platinum is worth almost two trillion dollars which is around 1.2 billion ounces.

That makes all the Gold, Silver, and Platinum on Earth worth almost 15 trillion dollars.


Poster Comment:

In other words, not enough to zero out America's supposed debts even if we had all of those precious metals ever mined; and India has far more gold we do. China and Australia are the world's biggest gold producers. In America, Nevada and Alaska are the biggest gold mining States. Large silver mines in Mexico, Peru and China. South Africa, Russia and the U.S. have the most platinum. Seems that there would be a high risk of foreign dependancy on gold and silver for America to rely heavily on those metal standards presently as currency backing.

Full length video (89 minutes) available for viewing at:

What's the Earth Worth? Full Episode - HISTORY Specials - HISTORY.com

Indicates that we're better situated financially in timber and cattle.

Nevada gold...cattle there rustling in the news currently...just noting those convergence points of interest, imo.

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#2. To: GreyLmist (#0)

I've done a little studying on the accessibility of gold molecules in the oceans.

It's intriguing to contemplate how that extraction process will develop.

Buzzard  posted on  2014-04-14   19:59:05 ET  Reply   Untrace   Trace   Private Reply  


#3. To: Buzzard (#2)

However it goes, Au will always be the most valuable mineral out there, imo.

Lod  posted on  2014-04-14   20:15:27 ET  Reply   Untrace   Trace   Private Reply  


#4. To: Lod (#3) (Edited)

I wrote a sci-fi story when I was 12 or 13 about aliens from Vega system or something coming to Earth to trade their gold for sugary carbonated beverages. No one caught on to te fact that they were just here for the water, and on their planet gold was as plentiful as iron is on ours.

I got an F, and the teacher sent me to the Principal's office for denigrating non-caucasians or something.

Dakmar  posted on  2014-04-14   20:33:15 ET  Reply   Untrace   Trace   Private Reply  


#9. To: Dakmar (#4)

I wrote a sci-fi story when I was 12 or 13 about aliens from Vega system or something coming to Earth to trade their gold for sugary carbonated beverages. No one caught on to te fact that they were just here for the water, and on their planet gold was as plentiful as iron is on ours.

I got an F, and the teacher sent me to the Principal's office for denigrating non-caucasians or something.

Sounds way more interesting to me than "Cowboys and Aliens" fighting over gold. Our Education System is in a dismal state and it's "teachers" like that who ought to be sent to the Principal's Office for a stern talking to...or maybe here:

N-Sync | MythBusters

GreyLmist  posted on  2014-04-19   10:31:00 ET  Reply   Untrace   Trace   Private Reply  


#11. To: GreyLmist (#9)

Our Education System is in a dismal state and it's "teachers" like that who ought to be sent to the Principal's Office for a stern talking to

Our education system needs a complete overhaul. It is in worse shape than it was when I was a kid. ;)

BTP Holdings  posted on  2014-04-19   11:10:31 ET  Reply   Untrace   Trace   Private Reply  


#14. To: BTP Holdings (#11)

Our education system needs a complete overhaul. It is in worse shape than it was when I was a kid. ;)

Yes, it has been steadily going from bad to worse. I totally agree. Am recommending Ron Paul's homeschooling alternative while I'm here.

GreyLmist  posted on  2014-04-19   11:20:45 ET  Reply   Untrace   Trace   Private Reply  


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