I got to thinking, which is a very dangerous thing. Many people have been calculating the ‘true’ price of gold in terms of U.S. Dollars in the system and the amount of physical gold and came to some number that is anywhere from $5,000 to $60,000. Unfortunately, the U.S. is not the only nation that has a currency and gold. To that end, I redid the calculation based on the global amount of debt ($152 Trillion) and total amount of physical gold (166 Tonnes) and also silver (1.411 million Tonnes), since it is money, using their respective physical ratios to come to a solution.
It has been estimated that 1.4 million tonnes of silver and 166.5 thousand tons of gold have been produced globally by man. This equates to 45.12 billion ounces of silver and 5.3 billion ounces of gold. This produces a ratio…
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