Citigroup Report Further Fuels Debate About the Future of Gold

Seeking Alpha ^ | Nov 29,2008 | Tim Iacono

[steve86]

Considered opinion is that all the Gold in the World can fit in a 25 square metre cube

That's all the mined gold, no doubt. And I wonder why they capitalize "Gold" and "World"?

[PizzaDriver]

Those folks at Citigroup may have misplaced the decimal point, in their projection.

[ThePythonicCow]

Ok ... the “little guy is usually wrong” hypothesis. Could be ... thanks for the elaboration.

[ThePythonicCow]

Those folks at Citigroup may have misplaced the decimal point, in their projection.

Why do you say that? My understanding is that the mined gold in the world would fill a cube about 20 to 25 meters on a side, which is what I think that 'square metre cube' is trying to describe.

See further for example How much gold in the world?

[Jimmy Valentine]

I have been hearing goldbugs rant about $2,000 an ounce gold for over 25 years. Haven’t seen it yet and not going to hold my breath.

[John Will]

I keep an ammo heavy portfolio.

[DManA]

You could buy a fine toga in ancient Rome for an ounce of gold.
You can buy a fine business suit in NYC today for an ounce of gold.

[DManA]

Everything Citi touches turns to excrement - Gold today down 5%.

[DManA]

Course that means that if you bought an oz of gold in the year 1 and held it for 2000 years you’d have no capital gain.

[Dubh_Ghlase]

Already invested there as well...