TOTAL WORLD GOLD & SILVER PRODUCTION: Fact vs Conspiracy

Unfortunately for precious metals investors, there continues to be a great deal of misinformation about how much gold there is in the world. Those who promote these unsound conspiracies aren’t able to differentiate between FACTS and FICTION.

One of the more insane conspiracies in the precious metals community is the notion that the world has 1-2 million tons of gold hidden in secret vaults. Some of these vaults are the infamous Yamashita’s Gold Treasure, Nazi Gold Vault, Bank of Hawaii Massive Gold Holding and etc.

I doubt the world has produced more than 200,000 metric tons in the history of mankind. Hell, I would even go as far as say 225,000 metric tons. But, this is still a great deal less than the 1-2 million tons suggested by those who seem to be unable to do simple math.