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Mcoscillator.com reports looks at the price of gold compared to the annual growth rate.
Mcoscillator.com reports looks at the price of gold compared to the annual growth rate.
The editorial is quoted as saying:
It is interesting to see that the vast majority of all the gold ever produced in history has been produced in just the last 50 years. This way of quantifying all of the gold in the world is a little bit imperfect, because some gold is lost each year; the USGS estimates that as much as 15% of annual production gets consumed in industrial use or otherwise lost. But I am going to set that idea aside for the moment.
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