James Turk: Above Ground PHYSICAL Gold Stocks Likely a Lot Smaller Than Commonly Believed
from Gold Money News:
GoldMoney’s Andy Duncan interviews James Turk, Chairman of GoldMoney and co-author of The Collapse of the Dollar, about his study of the aboveground global gold stock, gold’s role as money, and the coming fiat currency collapse. They discuss the discrepancies between official gold stock figures and the study’s carefully calculated figures, going all the way back to Roman times and using the year 1492 as a pivotal calculation point — which was when the Spanish Empire began its imports of gold deposits discovered in the Americas. In contrast to the widely referenced number of 171,000 tonnes of aboveground gold, James’s study suggests that it is actually closer to 155,000 and therefore overstated by about 10%.
2012-12-04 12:26:20
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