I think total market capiitalization of gold must be about ten trillion dollars and annual turnover probably 30-40 trillion so this market should be
able to absorb 400 billion over 1--2 years without tanking.
The United States Treasury possesses 261.5 million ounces of gold, They may sell it., page 3
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reply posted on 7-7-2011 @ 09:27 AM by galdur
Pretty staggering numbers. They refer to 2008.
"""According to a report by International Financial Services Ltd (IFSL) London, although the value of above ground gold and Silver is relatively small compared to the global equity and bond market, turnover is high. The gold and silver markets have a much higher turnover as a proportion of market value than the global equity market.
The turnover in gold trading was $20,247 bn with a market capitalization of $4,560 bn as against a equity trading volumes of $97,200 bn with market capitalization of $31,250 bn which is based on World Gold Council, LBMA, TOCOM and other sources.
“It should be noted however that estimates of the volume of gold and silver trading are conservative as they do not include all exchange-traded volumes or OTC trading that is cleared outside of London,” IFSL said in its report."""
www.commodityonline.com...
So, the gold market probably has now a total market capitalization of ten trillion dollars. As I understand it, total world inventory of gold is 165,000 tons, jewelry included, so price per ton comes to 60 million dollars. However, only half if that of total inventory is available as bars, coins for investment markets so actual market price of that is 120 million dollars peer ton. But you can buy a ton for around 50 million dollars at current market price. I guess this means either that physical world inventory is seriously understated or that there´s a lot of some sort of phantom gold floating around.
"""According to a report by International Financial Services Ltd (IFSL) London, although the value of above ground gold and Silver is relatively small compared to the global equity and bond market, turnover is high. The gold and silver markets have a much higher turnover as a proportion of market value than the global equity market.
The turnover in gold trading was $20,247 bn with a market capitalization of $4,560 bn as against a equity trading volumes of $97,200 bn with market capitalization of $31,250 bn which is based on World Gold Council, LBMA, TOCOM and other sources.
“It should be noted however that estimates of the volume of gold and silver trading are conservative as they do not include all exchange-traded volumes or OTC trading that is cleared outside of London,” IFSL said in its report."""
www.commodityonline.com...
So, the gold market probably has now a total market capitalization of ten trillion dollars. As I understand it, total world inventory of gold is 165,000 tons, jewelry included, so price per ton comes to 60 million dollars. However, only half if that of total inventory is available as bars, coins for investment markets so actual market price of that is 120 million dollars peer ton. But you can buy a ton for around 50 million dollars at current market price. I guess this means either that physical world inventory is seriously understated or that there´s a lot of some sort of phantom gold floating around.
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