But for those preferring an even broader interpretation, including bitcoin BTCUSD, -0.21 %, ethereum and other cryptocurrencies, plus above -
ground gold supply, and funds invested in various financial products like derivatives, the amount is in the quadrillions.
Such a hypothesis, in our opinion, does much to explain the incongruity of a declining
gold price while fundamentals for paper currency, and the US dollar in particular, obviously deteriorate; while demand for physical
gold has exceeded new mine
supply for several years running; and while above -
ground 400 - ounce.999
gold bars located in London, New York, and other financial capitals (in cohabitation with speculative trading activity in paper markets) have steadily dwindled and disappeared into Asian financial centers reformulated as.9999 kilo bars.