StarvingMartist@sh.itjust.works to Out of the loop@lemmy.worldEnglish · 4 days agoCan someone smarter than me tell me if this affects me or not?sh.itjust.worksimagemessage-square50fedilinkarrow-up1233arrow-down14
arrow-up1229arrow-down1imageCan someone smarter than me tell me if this affects me or not?sh.itjust.worksStarvingMartist@sh.itjust.works to Out of the loop@lemmy.worldEnglish · 4 days agomessage-square50fedilink
minus-squareBoomer Humor Doomergod@lemmy.worldlinkfedilinkEnglisharrow-up10·4 days agoMaybe the market cap in this graph is the total amount of gold extracted.
minus-squarejeffw@lemmy.worldlinkfedilinkarrow-up5arrow-down2·4 days agoThat would be my guess. But do we even know that precisely?
minus-squareadb@lemmy.mllinkfedilinkEnglisharrow-up14·4 days agoWe actually have a decent idea, around 219,890 tons. https://www.gold.org/goldhub/data/how-much-gold
minus-squareeerongal@ttrpg.networklinkfedilinkarrow-up9·4 days agoThe gold market cap has always been the approximate amount of gold that has been extracted. While I don’t think anyone can give you an actual precise number, the approximate number is pretty widely known and tracked as we extract more.
Maybe the market cap in this graph is the total amount of gold extracted.
That would be my guess. But do we even know that precisely?
We actually have a decent idea, around 219,890 tons.
https://www.gold.org/goldhub/data/how-much-gold
The gold market cap has always been the approximate amount of gold that has been extracted. While I don’t think anyone can give you an actual precise number, the approximate number is pretty widely known and tracked as we extract more.