How Much Gold Is There?
According to the World Gold Counsil, at the end of 2009, all the gold ever mined amounts to about 165,000 tonnes.
1 tonne weighs approx. 32,150.72 troy ounces.
165,000 tonnes x 32,150.72 troy ounces per tonne = 5,304,868,800 troy ounces.
Today's spot price (May 5, 2010 close of business) = $1,175.60
5,304,868,800 troy ounces
Now, look me in the eye and
with a straight face tell me
that you can
run a world economy on $6.25 Trillion.
NOT ENOUGH GOLD IN THE WORLD.
STOP WORSHIPPING GOLD AND LEARN THE PRINCIPALS OF WEALTH BASED MONEY.
There IS enough dirt, steel, concrete, innovation and labor.
Dirt and steel comes from the ground just like the "sacred" gold, takes labor to get it to market, just like the "sacred" gold, and can be made into something people want (roads and bridges, dams and levies, airports and rail, ports and desalination plants, electrical grids and refineries), just like the "sacred" gold can. Infrastructure uses the same principle. And it's not free - it takes a lot of work! But it would be DEBT FREE!
I understand we have plenty of people who would like a good job.
Good. No shortage of labor.
How about you stop "worshiping" the shiny yellow stuff and start using some common sense. Infrastructure can support a monetary system.
Let's get busy rebuilding this place (and YOUR place) it's crumbling around us. And it's about time to stop making excuses - those are for wimps and criminals.