Gold Above Ground

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Nick Elway
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Gold Above Ground

Byzantium,

How much gold is above ground?  The commonly accepted numbers seem low to me.

World Gold Council says 171K tonnes (end of 2010) (3)  The US Geological Survey says 124K tonnes were ADDED to above-ground supply from 1900 through 2010. (1) and (2)
To me, this says that all of the mining in the whole world for thousands of years up until 1900, including the gold rushes accumulated less than 171-124 = 47K tonnes!

Lowest gold above ground number I see is 120K Tonnes (8)galmarley  and the highest is 2000K Tonnes (11)Fulford's Asian secret society

I believe  the vatican and others have significant gold mined before 1900.

Sources so far:

(1) US Geological Survey 1900-2010
http://minerals.usgs.gov/ds/2005/140/ds140-gold.pdf
http://minerals.usgs.gov/ds/2005/140/ds140-gold.xls
World Production since 1900 138K tonne, World Consumption since 1900 16.4K tonne

(2) US Geological Survey Mineral summary
http://minerals.usgs.gov/minerals/pubs/mcs/2012/mcs2012.pdf pages 66 and 67, and Appendix C
World Production 2010 2.6K, 2011 2.7K  (Reserves 51K maybe some of this is identified in the ground)

(3) World Gold Council
http://www.gold.org/investment/why_how_and_where/why_invest/demand_and_supply/
171K tonne,  29.5K Official, 33K Investment, 84K Jewelry, 21K Technology, 4K Unaccounted

(4) Byzantium post August 10, 2012 - 6:28am
170K tonne,  30K State+Rumored State, 84K Jewelry and private bullion, 54K "Balancing"
http://www.tfmetalsreport.com/comment/198220#comment-198220

(5) Gold from the new world
http://mygeologypage.ucdavis.edu/cowen/~GEL115/115ch8.html
141 Tonnes of gold from 1503 through 1591  (Gold Silver Ratio was 1021!!!)

(6) Vatican-controlled Gold
http://one-evil.org/acts_global_depression/acts_global_depression.htm
200K Tonnes total above ground
60K Tonnes controlled by those that control the Vatican
Years         Key Reason         Acquisition     Total     % world
1100-1200     Eastern Crusades     9200         9300     27.7%
1200-1350     Western Civilization     12500         21800     57.0%
1351-1490     Templer Treasures     4200         26000     62.3%
1491-1600     New World         3100         29100     60.3%
1600-1800     Slave Mines         4050         33150     54.7%
1800-1900     End of Empires         6500         39650     55.0%
1900-1945     World Wars         16200         55850     53.4%
1946-2006     Organized crime     4500         60350     30.2%

(7) Philip Barton
http://www.goldstandardinstitute.net/Article.aspx?UniqueName=PB20111021
Makes a good narrative for 600K Tonnes mined BCE

(8)
http://www.galmarley.com/framesets/fs_commodity_essentials_faqs.htm
120 to 140K tonnes above ground

(9) Doug Casey quoted by GoldMania3000
http://www.tfmetalsreport.com/comment/167992#comment-167992
6 billion ounces/32150 troy ounces per tonne = 186K Tonne

(10) Turdle GG Post http://www.tfmetalsreport.com/comment/177159#comment-177159
quoting bronsuchecki http://www.perthmintbullion.com/us/blog/blog/12-06-12/Will_Central_Banks_Unload_Gold.aspx
170K tonnes

(11) CauseChange Post http://www.tfmetalsreport.com/comment/103120#comment-103120
referencing http://divinecosmos.com/start-here/davids-blog/995-lawsuit-end-tyranny
Also Lamare's Post http://www.tfmetalsreport.com/comment/104204#comment-104204
Fulford's Asian Secret society owns 90 percent of above ground gold
Saying over 2000 K Tonnes above ground

(12) victorthecleaner Post http://www.tfmetalsreport.com/comment/152529#comment-152529
130K Tonnes

Edited by admin on 11/08/2014 - 06:30

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in awe

Hi Nick,

looks like I am just a late-comer following in your footsteps, all credit to you!

I was always surprised that this topic doesn't seem to have been tackled by the blogosphere authors. Admitted there are too many unknowns to be definitive, but at least to catalogue all the claims and theories!

They say 'who has the gold makes the rules,' so who has it?

best regards

Byzantium

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my original posts

so as to preserve the relevant bits, the spirit, & a few gags.

Where is the gold?

Where's the Gold, part 2

Now this endeavour might be a holy grail, but I do lie awake at night sometimes, mindful that knowledge is power, and that if JPM have this info, then they are one step ahead of us.

So, this is a concrete endeavour, which if we can collectively through time, put together a best guess schedule of where the gold is, we might find out a lot about

  1. gold market dynamics and flows
  2. the prospective winners and losers after a revaluation
  3. how tight the market actually is.

At the moment, most of the numbers are illustrative only. The key assumptions for now (& not sacrosanct), are that the global total is 170,000 tonnes, that CB's hold 30,000T, that jewelry accounts for half the total, and that private possession in India is in a league of its own.  

(I have always had this sneaking suspicion, that much gold is unaccounted for, and I worry as to who might have it, and the power they will have in a revaluation. Well, we are on to them now, but I detract).

 
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Here's a pretty infographic from numbersleuth.org

This does seem in line with "common knowledge"  and they have their sources at the bottom

http://www.numbersleuth.org/worlds-gold

All the World's Gold

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Gold wouldn't be as fun without a few words from Bix Weir

http://www.roadtoroota.com/public/181.cfm

Quote:

The mainstream gold world wants you to believe that in the entire history of gold mining there has been just over 160,000 tons of gold mined from the ground. On top of that, with all our latest seismic and exploration technology, we have only found about 100,000 tons of underground gold reserves that could be economically mined in the future. That is what "they" want you to believe but...

THIS IS A BOLD FACED LIE!

Don't get me wrong...I'm a gigantic gold buff but we need to understand the truth to ever reach a point where gold can take it's rightful place in our corrupt monetary system. For the last 100 years a global effort has been orchestrated to obfuscate, distort, manipulate and confuse the majority of the world's population as to the supply, demand and value proposition presented by gold. The Powers-That-Be within the USA and other Western Super Powers have been the main deceivers although they have been directed by the European Money Changers.

It is time to remove the veil behind the golden mysteries of the world so "We The People" can decide for ourselves how we wish to value gold in a market without veils.

WHAT THE PUBLIC KNOWS

There are two widely accepted gold statisticians that are followed religiously by the gold mining companies, central banks, governments and investment community:

Above Ground Gold: GFMS, Ltd. is the above ground gold market prognosticator and claims that the total amount of gold ever mined in the world is 160,000 tons (5.1B oz). Historically, this measure rises only as gold is pulled from the ground as reported by global gold mining companies around the world. Any "mystery gold" that suddenly appears on the market in ETF's, on the LBMA, in the COMEX warehouses or in Government coffers is assumed to come from the unreported gold held by private individuals so that their historical figures never have to change. Adrian Douglas wrote an excellent analysis of what a sham organization GFMS is:

http://www.gata.org/node/7699

Below Ground Gold: The USGS tallies all the identified and unidentified underground gold reserves reported by governments and mining companies around the world. This figure totals 100,000 tons (3.2B oz) and at the current extraction rate all the remaining gold reserves will be depleted within 40 years.

http://minerals.usgs.gov/minerals/pubs/commodity/gold/mcs-2009-gold.pdf

There is very little 3rd party confirmation and clearly little investigation as to whether or not the historical numbers are correct. These USGS figures measure "publicly announced" gold deposits and never delve into hidden gold deposits that are scattered throughout the world…especially within the United States!

SECRET ABOVE GROUND STASHES

There are many secret above ground hoards of gold that the US and the banking establishments do not want the world to know about...and for good reason. Nobody should underestimate the importance of gold in the economic, political and global balance of power.

This September 11 Commission Report gives an excellent insiders view of what goes on in the gold conspiracy world. Pay special attention to Chapters 7 & 8 starting on page 151 for the Gold transactions related to September 11th.

http://www.scribd.com/doc/17233336/September-11-Commission-Report-Revised-December-2008

Once you understand the role that gold plays in international espionage it won't take much of a leap to believe that powerful people around the world want to keep the truth about gold a secret.

HERE ARE MY FAVORITE GOLD SECRETS.

Read the whole thing at http://www.roadtoroota.com/public/181.cfm

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Lord James of Blackheath chimes in

From 2010, Lord James of Blackheath mentions Vatican gold

http://www.tfmetalsreport.com/comment/76166#comment-76166

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nice addition from DPH

http://www.tfmetalsreport.com/comment/206885#comment-206885

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Supply and Demand of Gold

This article ties in with the other post & link to the other thread...

A History of Gold

http://www.tfmetalsreport.com/comment/206882#comment-206882

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Supply and Demand of Gold

Market participants tthat shape the supply and demand for gold are gold mining companies and gold recyclers, central banks, various industries (jewelry, electronics etc.) and of course also investors (gold bars and coins, or indirectly by means of exchange traded funds).

1. Gold Production and Mining
2. Central Banks and Gold
3. Industrial Demand for Gold
4. Demand in the Jewelry Business
5. Investment Demand for Gold

demand and supply of gold Supply and Demand of Gold

1. Gold Production and Mining

Gold is a rare metal. All extracted and still available gold has a total weight of 165 thousand tonnes. If the precious metal were melted into a cube, it would measure only 20 meter (65.6ft) into each direction.

One third of gold entering the market comes is from recycled sources (jewelry, industry etc.). The rest is from gold mines.

In 2010 gold could be found at more than 19,500 places. At present there are more than 400 mines in the world. Gold mining is geographically dispersed. Forty per cent of the annual gold production and mining comes from South Africa, the United States, Australia and Russia. European gold production is insignificant. The world gold production stood in 2010 at 2,500 tonnes (see table below). This is more than hundred times the production of the 19th century. Currently within two years more gold is mined, as in the one thousand years of the Medieval Times. Thanks to advances in technology, it is even feasible to extract gold from stones containing only 1 gram gold per ton.

world gold production 1900 2010 Supply and Demand of Gold

The Forbes Global 2000 includes 12 gold companies. The biggest is the US Newmont Mining; six are from Canada, two from South Africa, and one from Australia, Peru and Russia.gold companies Supply and Demand of Gold

2. Central Banks and Gold

Central banks, international entities (e.g. International Monetary Fund) and governments are the single largest holder of gold in the world. These institutions controlled end of 2009 16.2 per cent (26,780 tonnes) of the worldwide available gold. All ever produced gold is estimated to be 165,000 tonnes (5.321 billon ounces). This corresponds to a market value of 7,950 billion US dollar, based on a gold value of 1427 dollar per ounce.

The central banks with the five largest gold reserves end of 2010 are the United States (8,133 tonnes), Germany (3,401 tonnes), the International Monetary Fund (2,846 tonnes), Italy (2,451 tonnes) and France (2,435 tonnes).

top 20 gold reserves Supply and Demand of Gold

Interestingly, the private gold fund SPDR Gold Shares (not in this list) held 1,300 tonnes of gold in 2010, making it the sixth largest gold holder, after France (2,435 tonnes) and before China (1,054 tonnes).

In 1999, nineteen institutions signed the Washington Agreement on Gold (WAG). This ten year agreement restricts the sale of gold by its members to 500 tonnes annually. Signatories are the central banks having the Euro, the European Central Bank, the central banks of England, Switzerland and Sweden. During that time, the central bank of England and Switzerland were the main sellers of gold.

Central banks in the west have been net sellers of gold, whereas those in the East have bought more gold than they sold. In the last years, several central banks, notably from Russia, India and China, have announced plans to increase their gold reserves. As a consequence, in 2009 central banks have become for the first time in 20 years net buyers of gold. In that year, net buying resulted in 470 tonnes of gold. The invigorated interest in gold can be traced back to the financial crisis, as this precious metal can be used as a hedge.

Gold has played a major role for the national monetary policy, as many countries either issues gold coins as means of payment, or pegged the national currency to gold. This monetary system leads to fixed exchange rates. Here the standard economic unit of account is a fixed weight of gold is called gold standard. Most Western countries followed the classical gold standards from the end of the 19th century until the 2nd World War. Central banks had the duty to keep the gold reserves at a certain levels to guarantee the gold pegging of their currencies.

The successor of the gold standard was the Bretton Woods System (1946 – 1971), under which many countries pegged their currencies to the US dollar. And the US Central Bank fixed the dollar to gold (with US$ 35 per ounce).

The end of Bretton Woods introduced floating exchange rates which diminished the role of gold as part of the monetary policy. Therefore, gold as part of the reserves of central banks shrunk from 60 per cent in 1980 to 8.6 per cent in March 2005. In September 2010, gold constituted 10.1 per cent of central banks’ reserves.

3. Industrial Demand for Gold

Between 10 and 15 per cent of the annual gold production is used in the industry: From 2008 to 2009 industrial demand for gold dropped by 13 per cent.

steel mill adolf menzel industrial revolution Supply and Demand of Gold

In 2010 the gold supply stood at 4108 tonnes (2659 tonnes from mine production, neg. 116 tonnes hedging, 87 tonnes central banks sales and 1653 gold recycling). Demand from industry was 420 tonnes, or 10 per cent. This is 287 tonnes for the electronics industry, 50 tonnes for dentistry, and 83 tonnes for other industrial purposes. In contrast, jewellery demand was 2060 tonnes.

Gold’s superior characteristics make it a well-regarded metal for industrial purposes. For example, with one ounce of gold it is possible to produce a thread of 150km, or a gold foil of 40m2.

In the industry gold is mostly used for electronics, optics and medicine. In the electronic industry, gold is used for wiring and as electrical connectors. The advantages of this material are it is highly conductivity, resistant to corrosion and lack of toxicity. Other uses are in the commercial chemistry. In dentistry, gold alloys are used in tooth restorations. In medicine, gold can be applied as conductive coating. As gold reflects infrared light 98%, this metal is used as a coating on glasses and mirrors. Besides the increasing number of appliances for gold in the industry, this demand also expands due to the strong economic performance of emerging countries. Currently, only the minority of gold is used in industrialized countries.

Besides these uses, gold is, or will be used for the following purposes: gold-based therapeutics, diagnostic technologies based on gold, as catalysts in industrial processes, for water purification and advanced consumer electronics.

4. Demand in the Jewelry Business

In 2010, gold processed to jewellery accounted for 54 per cent of all gold purchases, making jewelry the biggest contributor to gold demand. That is a rise of 17 per cent from 2009 to 2010. The increase is even more remarkable, as the gold price increased in the same period by 26 per cent. The biggest buyer of gold for jewelry is India, with 745 tonnes, followed by China (400 tonnes) and the United States (128 tonnes).

jewelry demand for gold Supply and Demand of Gold

Gold has been used for jewelry for 6,000 years. The reasons are its rarity, ease of mechanical processing, resistance to corrosion and its exceptional color.

As gold in its pure form is often considered as too soft (and expensive), it is combined with other metals. The measure of fineness or carats reveals the gold content, ranging from 24 carat (999 fineness, or 99.9% gold content) to 14 carat (585 fineness, or 58.5% gold content). The fineness of gold is guaranteed by a hallmark.

Another decorative use of gold is as gold foil, also called gold leaf. Gold foil has been used since the ancient world. Gold foil is thinner than the wave length of the visible light and can be applied to non-metallic surfaces, such as frames, books, furniture and architectural elements.

Besides producing gold jewelry, this precious metal can be applied as a galvanized coating to plastic and metal. With the technique of fire gilding, porcelain and ceramics can also receive a golden surface. As a gold-mercury alloy, gilding has been known for more than 2,000 years. This used to be the only way to apply a durable golden surface to silver, bronze and base metals. The method of gilding was qualitatively extended in the late 19th century by the invention of galvanized coating.

5. Investment Demand for Gold

In 2010 investment demand for gold totalled 1,333 tonnes. This is 995 tonnes for bars and coins and 338 tonnes were purchased by exchange traded funds and similar products (Gold Bullion Securities, SPDR Gold Shares, Central Fund of Canada etc.). Compared to 2009, gold demand was down by 2 per cent in terms of quantity, but rose 23 per cent in value terms. In 2006 – 2007 private investors held accumulated for the first time more gold than all central banks together.

Investing in gold is possible by buying the physical metal, or by means of securities trading. Gold bars can be as light as 1 gram. Bars held by central banks as gold reserves have a weight of 400 troy ounces (12.4 kg). However, for trading purposes, the kilobar (100 gram or 35.27 ounces) is more commonly used. Gold coins are issued by the national mint. The most popular ones are the South African Krugerrand, the Canadian Maple Leaf and the American Eagle Gold Coin.

Investors can also purchase certificates, funds, or exchange traded funds. Here, no physical gold is purchased, which therefore does not incur shipping and storage fees. Certificates depend on the solvency of the issuer and do not influence supply and demand at the commodity exchange.

privately held gold Supply and Demand of Gold

Another option are shares of gold mines. Big mining companies are Newmont Mining, Anglogold and Freeport McMoran. It is also possible to invest in development (Gold Corporation and SeaBridge etc.) and exploratory companies. Gold Mine shares can have higher returns in terms of increasing share prices and dividends. On the other side, Investing in gold companies also brings about higher risks, for example production downtimes due to mine shaft collapses, management mistakes, political influences and insolvencies.

http://goldratefortoday.org/supply-demand-gold/

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SRS adds his perspective

And a good perspective it is!

Quote:

PUTTING 40-60,000 GOLD METRIC TONNES INTO PERSPECTIVE...

JIM WILLIE MAY HAVE TO CHECK HIS MATH ON THE GOLD FIGURES

I have seen some comments on Jim Willie's newest interview(s).  It looks as if there has been some skepticism on Willie's 40-60,000 metric tonne figures which he received from his Germany inside source.  At first, I just took it for face value, but now I have begun to doubt that figure.

So... I thought I would do some research and see if it is plausable.  First, I went to an older article written by David Zurbuchen THE WORLD CUMULATIVE GOLD AND SILVER PRODUCTION, and found the following figures as it pertains to total cumulative world gold supply up until 2004:

A Complete Summation of the Gold Data

zurbuchen011506p.gif

Average Cumulative World Gold Production= 4.25 billion ounces

Again... this was up until 2004.. the world has mined a great deal more than that since then.  I estimate the world has produced approximately 500-550 million ounces since then.  Thus, we can assume an approximate 4.75-5 billion total ounces.  At 5 billion ounces it is 15 6,000 metric tonnes.

Now, if we look at the WORLD GOLD COUNCIL'S 2011 update on the breakdown of total world above ground gold stocks, we have the following:

According to GFMS, it states the world has a total of 171,300 metric tonnes of total above ground stocks.  This is a bit more than what the total cumulative gold supply figured by Zurbuchen... but at least its close.

If we go by GFMS data, we come up with the following figures for Govt (official) & investment stocks:

OFFICIAL = 29,500 TONNES

INVESTMENT = 33,000 TONNES

TOTAL = 62,500 TONNES

---------------------

So, if the EASTERN BLOC, have taken 60,000 metric tonnes of gold through this supposed "INCREASED MARGINS", by the western banks, it would be 96% of all the total OFFICIAL & INVESTMENT STOCKS in the world.  Hell, even 40,000 metric tonnes would be nearly two-thirds of all this gold.

As we can see, Jewellery stocks are the overall highest in total amount.  This may seem a bit high to some, but if we look at a 5 year trend of gold buying... it seems about right:

Jewellery demand accounted for 55% of the gold buying between 2007 and year end 2011. 

FINAL COMMENTS

I believe Jim Willie has been a big asset in uncovering a great deal of the manipulation and fraud in the markets over the past several years.  Furthermore, many of his forecasts have been dead on.  For that... we owe him greatly.

However, this last bit of information from his supposed gold source in Germany seems WAY OVER THE TOP.  It doesn't mean a great deal of gold isn't heading to the EAST... it just means its probably more in the range of 10-15,000 metric tonnes (at most) over the past several years and not 40-60,000 metric tonnes.

Maybe someone needs to contact Willie and let him know about the common sense math on this issue.

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More from SRS

This guy is good

Quote:

REPEAT POST FROM PRIOR BLOG...

WEIGHING IN ON THE ABOVE GROUND GOLD HOARDS CONSPIRACY

I at times have wondered just how much gold there is in the world. I have read some of these articles and reports of the so-called hidden huge hoards of gold. While these conspiracies sound nice on paper... if we look at the gold-silver ratio of production, we may find some answers.

I have had an email exchange with David Zurbuchen some years ago. He did the research and wrote the article THE WORLDS ACCUMULATIVE GOLD AND SILVER PRODUCTION. Zurbuchen doesn't just use one source.... he uses 4-5.

If we look at the total figures of both gold and silver production we can see the historic ratio:

A Complete Summation of the Silver Data

zurbuchen011506i.gif

Average Cumulative World Silver Production= 44.542 billion ounces

----------------------------

Now, for the total world gold production:

A Complete Summation of the Gold Data

zurbuchen011506p.gif

Average Cumulative World Gold Production= 4.25 billion ounces

-------------------------

Again, both of these gold and silver figures are up until 2004. If we do some simple math:

44.54 billion oz silver / 4.25 billion oz gold = 10.5 to 1 RATIO

In 2011, the world produced the following:

2011 TOTAL GOLD = 87 million oz

2011 TOTAL SILVER = 762 million oz

2011 GOLD-SILVER PRODUCTION RATIO = 8.75 to 1

We must remember, the gold-silver production ratio was higher 300-2000 years ago. So, the 10.5 to 1 overall ratio of silver production to gold seems very plausible. I highly doubt a huge amount of gold was produced over and above what was stated in Zurbuchens article and from the World Gold Council.

If there was this supposed 50-100,000 extra metric tonnes of gold hidden in secret hoards, then it would certainly skew the gold-silver historic production ratio substantially. Even if there are hidden stashes of gold, I highly doubt they are large enough to make much of a difference.

So, if we consider the COMMON SENSE APPROACH of the GOLD-SILVER PRODUCTION RATIO.... there really can't be huge amounts of gold hidden as it does not past the historic geological ratios.... that is gold and silver in the ground.

FINAL REMARKS

Some believe there may have been serious gold production in the ancient Egyptian times and etc.  Even though these ancient civilizations may have possible advanced technologies, their population was a fraction of a fraction compared to today.  Some estimates put their numbers at 2 million Egyptians at its peak.

I hardly doubt they could produce tens of thousands of metric tonnes of gold at this time.  Again, I am not stating that there isn't hidden stashes of gold, I just don't believe its anything near 10-50,000 metric tonnes.

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zero hedge shows China holding more gold than admitted

http://www.zerohedge.com/news/name-new-reserve-currency-china-imports-more-gold-2012-all-ecb-holdings

Quote:

Name The New Reserve Currency: China Imports More Gold In 2012 Than All ECB Holdings

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The last time we looked at monthly Chinese imports of gold from Hong Kong in 2012, the comparable country in question was Portugal (whose citizens, if not central bank, incidentally have run out of gold to sell), because that is whose total gold holdings (at 382.5 tons) Chinese imports had just surpassed. Fast forward a month later, and the update is even more disturbing. In July, Chinese gold imports from HK, after two months of declines, have picked up once more and hit a 3-month high of 75.8 tons. While it is notable that this number is double the 38.1 tons imported a year prior, and that year-to-date imports are now a record 458.6 tons, well over four times greater than the seven month total in 2011 which was 103.9 tons, what is far more important is that in the first seven months of 2012 alone China has imported nearly as much gold as the total holdings of the hedge fund at the heart of the Eurozone, elsewhere known simply as the European Central Bank, and just as importantly considering the import run-rate has hardly slowed down in August, which data we will have in a few weeks, it is now safe to say that in 2012 alone China has imported more gold than the ECB's entire official 502.1 tons of holdings.

China%20Imports%20July_0.jpg

What is most amusing is that China, via the IMF, still wants the world to believe that total Chinese official holdings are just 1040 tons (double the ECB's), when it has imported half this amount in 2012 alone.

WGC%20Holdings_0.jpg

As a reminder, the last time China gave an update of its official gold holdings was in April for 2009. This means China has been aggressively hoarding gold for the past three and a half years without issuing an official peep about where its inventory stands now.

Luckily, those who keep track of the newsflow have some idea.

As an even more important reminder, in December 2009, the China Youth Daily quoted State Council advisor Ji as saying that a team of experts from Beijing and Shanghai have set up a "task force" last year to consider growing China's gold reserves. "We suggested that China's gold reserves should reach 6,000 tons in the next 3-5 years and perhaps 10,000 tons in 8-10 years," the paper quoted him. Has China managed to accumulated 6,000 tons yet? We won't know for sure until the official disclosure which will come when China is ready and not a moment earlier, but at the current run-rate of accumulation which is just shy of 1,000 tons per year, it is certainly within the realm of possibilities that China is now the second largest holder of gold in the world, surpassing Germany's 3,395 tons and second only to the US.

more at http://www.zerohedge.com/news/name-new-reserve-currency-china-imports-more-gold-2012-all-ecb-holdings

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How truly rare a 1 million oz+ gold deposit is

http://www.tfmetalsreport.com/comment/219357#comment-219357

How truly rare a 1 million oz+ gold deposit is

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Metals in the Earth

http://en.wikipedia.org/wiki/Precious_metal

Platinum 5 ppb , Gold 4 ppb, Silver 75 ppb

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DPH chimes in with trustablegold.com take on gold above ground

http://www.tfmetalsreport.com/comment/278005#comment-278005

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And one from ZH...

http://www.zerohedge.com/news/2013-01-14/all-gold-world-definitive-infographic

nice visuals!

Btw Nick, good work! 

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Tyberious posts from truthingold

Tyberious posts:

http://www.tfmetalsreport.com/comment/289504#comment-289504

http://truthingold.com/?p=2281

Quote:

The way gold is being used in the technology industry, however, is different.

The British Geological Survey states that about 12% of current world gold production finds its way to this sector, where it is often used in such small quantities, in each individual product, that it may no longer be economical to recycle it.

In short, gold may be being “consumed” for the first time.

My electronics products have had gold in them since the 70's,  gold has some wonderful properties when connecting between conventional wiring and silicon and when mating connectors.   The consumption of gold in non-recycled electronics is not really new.  Recycling is more aggressive now and electronics are more plentiful.  Hard to say whether more or less  is actually being forever lost per decade.

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Alex Cojones posts from BBC

Alex Cojones posts and highlights this out-of-left-field statement:

"Experts believe that if we emptied our bank vaults and jewellery boxes, we'd find no less than 2.5 million tonnes of gold - though they admit that the evidence is somewhat sparse and the figure is a bit speculative." http://www.tfmetalsreport.com/comment/289576#comment-289576

which came from Ed Prior BBC http://jimmykopelia.blogspot.com/2013/04/how-much-gold-is-there-in-world.html

The only "Experts" I could find with million+  tonne numbers were Fulford's  claims for an Asian Secret society

Quote:
(11) CauseChange Post http://www.tfmetalsreport.com/comment/103120#comment-103120
referencing http://divinecosmos.com/start-here/davids-blog/995-lawsuit-end-tyranny
Also Lamare's Post http://www.tfmetalsreport.com/comment/104204#comment-104204
Fulford's Asian Secret society owns 90 percent of above ground gold
Saying over 2000 K Tonnes above ground

 

Bix Weir's favorite secret stashes http://www.roadtoroota.com/public/181.cfm

and Lord James of BlackHeath http://www.tfmetalsreport.com/comment/76166#comment-76166

The BBC guy is quoting and exaggerating from  these guys as "Experts"?   and then goes on to James Turk's  reasonable and transparent and much-smaller-than commonly believed estimate: http://www.goldmoney.com/download-pdf-file.php?pdf=/documents/theabovegroundgoldstock.pdf  Turk's conclusion is

Quote:
that the gold stock as of December 2011 is 155,244 tonnes, meaning
that Thomson Reuters GFMS overestimates the existing stock by 16,056 tonnes, or 10.3%.

Turk's essay references a handy spreadsheet that I moved to a google doc so I could open it (and you may view it): https://docs.google.com/file/d/0B-EEZmnb73HDaG1Ud3RsQS1rcVE/edit?usp=sharing

As I see it the BBC guy reports on James Turk's smaller-than-expected gold-above-ground number and spins it to encourage the reader to NOT believe Turk's 155K tonnes number is reasonable.

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karen hudes 170000 tonnes in Hawaii

http://rt.com/shows/sophieco/world-bank-us-shutdown-820/

Quote:

SS: Should we be buying gold?

KH: Well, yes and no, I think gold is probably wise purchase right now but more as insurance than investment because there is actually a great deal of gold, there is even more gold than people know about. For example, the amount of gold in the deposit in the Bank of Hawaii is 170 000 tonnes, this is more than the World Gold Council says as available for all the gold on the Earth. People don’t know how much gold there is, there is a lot of gold.

Bollocks found it first:

http://www.tfmetalsreport.com/comment/356508#comment-356508

An earlier video makes me think she believes in Vatican centered conspiracy..reminds me of the Vatican Gold belief system

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@ Nick

Hudes is an interesting interviewee in terms of her 'inside knowledge' of the world bank, but is pretty weak at drawing conclusions.

If I understand her correctly, the Vatican is the ultimate 'Mr Big,' and presumably it must be them storing 170,000 tonnes of gold in Hawaii, its historic bastion.

;-)

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Thanks to daystar and Bix, Nazi+Japanese Gold to consider

Found this in Daystar's Harvey post

http://www.tfmetalsreport.com/comment/357721#comment-357721

Quote:

Wix Bier (Road to Roota): There are many secret above ground hoards of gold that the US and the banking establishments do not want the world to know about. Powerful people around the world want to keep the truth about the true amount gold a closely guarded secret. Sterling and Peggy Seagrave (Gold Warriors) give a detailed account of Yamashita’s Gold treasure he hid in the Philippines in WWII. This secret gold stash is claimed to be in the 100,000-300,000+ ton range. http://www.roadtoroota.com/public/181.cfm#FLxtzihHc5bpRvgP.99 Then there is the “Nazi Gold” that was confiscated from Hitler after WW2. Hitler plundered many European nations of their gold as well as countless individuals. Nobody knows the actual figures but estimates are in the 2,000-50,000 ton range, much of which has been used secretly by the military industrial complex and banking cabal to fund their dirty operations. http://www.bibliotecapleyades.net/sociopolitica/esp_sociopol_gold02a.htm

We had the roadtoroota 181.cfm link before, but the nazi link is new:

http://www.bibliotecapleyades.net/sociopolitica/esp_sociopol_gold02a.htm

With an Imelda Marcos connection!

Quote:
It is also of interest that one of those involved in this transaction was referred to in documents as “Philippine Passport – L-506511” and now identified as Imelda Marcos. Her role was not as seller but as an intermediary who would accrue a fee of .25%.What is intriguing about this deal is the total quantity involved. Shown in the exhibits to this manuscript is a letter from the Knights of Malta entitled “Lansdale Project,” which states in the fifth paragraph: “Reference 500,000 MT: The reaction on the 500,000 MT will also be discussed during the meeting.” The meeting referred to was a “sit down” by the “Washington people” to discuss the “ramifications” of another Lansdale transaction. Significantly, this letter was part of Peter Johnston’s papers, although Peter had absolutely no knowledge of Gunther Russbacher and his involvement in a similar (or the same) transaction. The connection is, clearly, Imelda Marcos, who had a finger in both Peter Johnston’s and Russbacher’s deal.

Per the article this 500,000 MT of gold (outside of the conventional wisdom's 165,000 MT) is the sum of Nazi plunder and Japanese plunder gold.

Wikipedia Imelda Marcos fun:

http://en.wikipedia.org/wiki/Imelda_Marcos

Quote:
In 1992, Marcos claimed that her fortune came from Yamashita's Gold.[21] In February 2006, Marcos insisted that her husband had acquired his wealth legitimately as a gold trader. By the late 1950s, she claimed, he had amassed a personal fortune 7,500 tons of gold, and after gold prices climbed in the 1970s, the Marcos family was worth about $35 billion.[10] However, the Bureau of Internal Revenue has no record of the Marcos family declaring or paying taxes on these assets[citation needed], and the source of their wealth remains open to investigation. [14][10] The Marcos family was involved in the Rogelio Roxas lawsuit, to which the United States Ninth Circuit Court of Appeal summarized the allegations leading to Roxas’ final judgment as follows: "The Yamashita Treasure was found by Roxas and stolen from Roxas by Marcos' men.

Wikipedia led to searching this court case for "yamashita" http://www.scotusblog.com/movabletype/archives/Arelma_Petitionfinal.pdf

and this AP newspaper account from Feb 3 1992  Marcos widow claims wealth due to 'Yamashita treasure'

http://news.google.com/newspapers?nid=1243&dat=19920203&id=LVYPAAAAIBAJ&sjid=j4YDAAAAIBAJ&pg=4782,3870408

That's a lot of smoke.  I wonder if there is a fire in there somewhere.

"The Secret Gold Treaty"

http://www.bibliotecapleyades.net/sociopolitica/esp_sociopol_gold.htm#top

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Hudes continues

http://www.davejanda.com/guests/karen-hudes/sunday-october-13-2013

2:05 She's back in the World Bank only she can't get a badge because the security firm is owned by the culprits.  The World Bank is like a truck, only the culprits have taken over the steering wheel and are driving it the wrong way.

11:39 49 states have asked for a constitutional convention

13:30 She knows who has signature authority over the 170,000 metric tonnes in Hawaii.   It is not Yamashita's gold, that

21:30 additional 500,000 metric tonnes is in vaults around the world.  There are vast buried troves of jewels as well.  The knowledge of all this gold came to her in the last couple of months, it is in "Trust" for the good of humanity.

The real people behind this are the Jesuits/Vatican and Black Nobility/Black Pope.

Sounds to me like somebody has been been microwaving her and feeding her outlandish disinfo for the last couple of months  to make her less credible.  We may never know for sure where the truth ended and the disinfo began.

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hudes 723 tonnes black-listed gold

http://www.silvertardsweride.com/2013/10/my-interview-to-karen-hudes-world-bank.html

Quote:
6) Karen, according to one interview made by Russia Today, you claimed that there is much more gold than the official World Gold Council  global stocks ever mined. For the record, you said "there is 170,500 metric tons of gold deposited in a vault in the Bank of Hawaii, 130,500 metric tons in AMEX Hong Kong plus 150,000 metric tons in Development Bank of Singapore, for a total of 451,000 metric tons. There is an additional amount exceeding 100,000 metric tons in other American banks".

Quote:
8)      Where is this black-listed gold hidden? And why there?  The bulk of the gold (451,000 metric tons) is held in the banks.  There is an additional amount exceeding 100,000 metric tons in other American Banks and an additional 172,000 metric tons of gold re-buried in the Philippines in 1973

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