So says the Rand Refinery's latest brochure, here, showing 2012 mint specimens. Figures through 2008 previously indicated 46 million ounces minted.
These 60 million Krugerrands are not all 1 oz. coins, but if they were, that would mean something like $96 billion worth with current gold prices around $1,600 the ounce.
Presumably therefore, there must be something like 110 million gold coins of all kinds out there if Krugerrands represent more than all the rest combined, with a current value of roughly $176 billion.
Not very much real money when you get right down to it.
Of course, there's lots of bars out there which can be turned into coin.
Official global gold reserves as of last summer were approaching 31,000 metric tons (2,204.6 lbs each), for a grand total of 68,342,600 lbs, which is 1,093,481,600 ounces, in other words, potentially about 1.093 billion more gold coins, with a current estimated value of $1.75 trillion.
Add the current gold coinage and you've got a potential $1.93 trillion in gold money for the world at current prices, 1.2 billion one ounce gold coins, or 12 billion tenth ounce gold coins, or 1.6 tenth ounce gold coins for every man, woman and child on the planet (7.1 billion), or $256 each.
Equality is such a bummer.
Meanwhile at home, current net worth of US households and non-profits in US funny money is $66.072 trillion, or $210 billion for every man, woman and child in the country.
Now, that's more like it!
Official global gold reserves as of last summer were approaching 31,000 metric tons (2,204.6 lbs each), for a grand total of 68,342,600 lbs, which is 1,093,481,600 ounces, in other words, potentially about 1.093 billion more gold coins, with a current estimated value of $1.75 trillion.
Add the current gold coinage and you've got a potential $1.93 trillion in gold money for the world at current prices, 1.2 billion one ounce gold coins, or 12 billion tenth ounce gold coins, or 1.6 tenth ounce gold coins for every man, woman and child on the planet (7.1 billion), or $256 each.
Equality is such a bummer.
Meanwhile at home, current net worth of US households and non-profits in US funny money is $66.072 trillion, or $210 billion for every man, woman and child in the country.
Now, that's more like it!
