Tag: gold bars

Gold Rush – Overview of Global Demand and Supply of Gold

JP Morgan once famously said “Gold is money, everything else is credit.” Interestingly, many scientists believe that most of the accessible Gold, on which till few decades back our entire monetary system was based on, is extra-terrestrial in nature and brought to Earth by asteroids from outer space. Ever since then (as per World Gold Council estimates) around 197,576 tonnes of gold has been mined throughout history, of which around two-thirds has been mined since 1950.Further, since gold is virtually […]

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