[djf]

I heard a guesstimate that worldwide, since 1990, something like $10,000 in currency has been created for every single ounce of gold in the world.

[arete]

I would have no idea but that sounds a little low to me. Part of the problem of course, is that the global central banks (central planners) still own most of the worlds gold which means they can control and manipulate the market and prices to a great extent.

Richard W.

[Soren]

I heard a guesstimate that worldwide, since 1990, something like $10,000 in currency has been created for every single ounce of gold in the world.

These numbers are off the top of my head. I believe they are ballpark correct. 130,000 tons of gold in existence (above ground) = roughly 4B oz. Global money supply 30T US$ (may be off on this number). Implies 30T/4B = 7500 dollars / ounce of gold.