There are approximately165,600 tons (5.324 billion ounces) of gold above ground. Priced at $1400 per ounce, the existing gold above ground is worth $7.5 trillion.
The market capitalization of Microsoft is $225 billion.
The market capitalization of Apple is $325 billion.
The market capitalization of ExxonMobil is $425 billion.
Equities worldwide are roughly $50 trillion.
US debt and unfunded liabilities total over $100 trillion, despite much lower figures reported by the mainstream media.
The global derivatives market is well over $1 quadrillion.
There are roughly 900 millions ounces of silver above ground as of late 2010, of which 490 million ounces are in ETF vaults. At today's price of $34 per ounce, all the existing silver in the world is worth $30.6 billion.
It won't take much to move the needle on silver.
Monday, February 28, 2011
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