Interesting article: global gold/ silver coin production vs money creation

[StackerCollector]

These are same astonishing numbers! Total production of silver coins 2019 per person: $0.23. That goes to show that just a very tiny percentage of mankind invests in silver.

And baffling how much currency was issued in relation to minted gold and silver coins.

What does that say about us collectors or stackers? Does this give us an amazing investment opportunity or an "edge" when there is a money reset or hyperinflation?

What do you think?

https://www.mining.com/web/the-worlds-gold-and-silver-coin-production-vs-money-creation/

[HawkHybrid]

if we were still on a gold standard then all that data would be relevant.

as it stands it's just inconclusive random data.

 

HH

[Abyss]

4 hours ago, HawkHybrid said:

if we were still on a gold standard then all that data would be relevant. As it stands it's just inconclusive random data.

The world does not need to go onto a Gold standard for the price of Gold to move up in many multiples it only needs a shift in allocation. Currently as store of value you can put your money into countless Government/Corporate bonds/Stocks Shares/Residential or Commercial property or cash. All it takes prolonged period of time where have government bonds that yield 0% interest, stock markets that are either stagnant or fall and many years of slow growth that will equate stagnant or falling residential/commercial property market. Also mix into the equation excessive deficit spending then you have all the tail winds necessary for Gold to continue to out perform all the other asset classes.

[HawkHybrid]

1 hour ago, Abyss said:

The world does not need to go onto a Gold standard for the price of Gold to move up in many multiples it only needs a shift in allocation. Currently as store of value you can put your money into countless Government/Corporate bonds/Stocks Shares/Residential or Commercial property or cash. All it takes prolonged period of time where have government bonds that yield 0% interest, stock markets that are either stagnant or fall and many years of slow growth that will equate stagnant or falling residential/commercial property market. Also mix into the equation excessive deficit spending then you have all the tail winds necessary for Gold to continue to out perform all the other asset classes.

 

true but that is not what the linked website page is implying.

gold can and will go up($). for gold to be valued at the ridiculous $gold implied by the data

you need to go back on the gold standard, eg every new currency that is printed has to be fully

backed by the corresponding amount in gold. in the non gold standard world that we currently

live in, there is more to assets than gold. currency is printed as a medium to facilitate the trade of

goods and services. the printing of currency to allow other industries/markets to grow is not reliant

on how much gold is mined/in existence.

 

HH