How much Gold has been mined? (I don’t know how this can be accurate but is from AI)
A couple sources have stated 6.2 billion oz.
Possibly 1.2 billion oz are in museums, jewelry, crown jewels and other places that will not be melted down. (speculation)
That leaves 5 billion oz. or 0.625 oz per each of the 8 billion people.
How much do you want to own of the physical in your possession?
How much Gold has been mined? (I don’t know how this can be accurate but is from AI)
A couple sources have stated 6.2 billion oz.
Possibly 1.2 billion oz are in museums, jewelry, crown jewels and other places that will not be melted down. (speculation)
That leaves 5 billion oz. or 0.625 oz per each of the 8 billion people.
How much do you want to own of the physical in your possession?
How much physical gold should you hold in your possession? I heard that 5 ounces should be satisfactory.
I say if that’s what you can afford, then it’s enough. But if you can afford it, buy more.
It’s getting expensive to buy gold, maybe too expensive for joe sixpack. Here’s where silver will come into play.