Sentences with phrase «total gold supply»
By comparison, the total gold supply worldwide last year topped 4,026 tonnes, according to numbers from the World Gold Council.
http://www.etf.com/ Not exact matches
Gold's total supply is increasing by an average of less than 2 % annually, according to the World Gold Council.
«This equates to roughly one - third of gold's total annual global mine supply.
With most virtual currencies having a reliable issuance rate and a fixed total supply, they are meant to be anti-inflationary, just like gold (since a country can't decide to simply print more).
However, it is far more reasonable to assume that almost every ounce of gold that leaves a publicly - reported inventory remains part of the total supply.
While it's true that the total accessible supply of gold keeps growing (although rather slowly as was mentioned earlier) the fact remains that gold, like oil, is a non-renewable natural resource.
At first glance, with its fixed supply (a total of 21 million bitcoins will be created), it can appear as a gold - like asset.