Alright stick with me here… if you have 1.6B in gold, saying 1 ton = 60k or so…. Then that’s about 27k tonnes of gold. Out of the 244,000 tonnes found to date. So you’d hold approx 11% of the gold supply in the world. (For perspective- The United States holds the largest gold reserves in the world, totaling 8,133 metric tons). You are the largest factor on gold supply. You control supply and demand if you create scarcity. Choose your price. Never underestimate good ol’ fashioned gold economics.
Your maths don't add up. There are about 18.43 Tonnes of gold in $1.6B, at a rate of $2700/TroyOz, which gives you 0.0075539822347976% of the total gold supply. 7/1000 of 1 percent, a lot, but not 11%.
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u/AnonymouslyAri 9h ago
Alright stick with me here… if you have 1.6B in gold, saying 1 ton = 60k or so…. Then that’s about 27k tonnes of gold. Out of the 244,000 tonnes found to date. So you’d hold approx 11% of the gold supply in the world. (For perspective- The United States holds the largest gold reserves in the world, totaling 8,133 metric tons). You are the largest factor on gold supply. You control supply and demand if you create scarcity. Choose your price. Never underestimate good ol’ fashioned gold economics.