Quote:
Originally posted by Leus
Some numbers. The biggest gold mine right now is located in Indonesia, and have about 87 million ounces in its reserves. This newly found mine may have (get this) 33 billion ounces of gold, and should be able to be exploited for about four hundred years.
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<P>Wow, that's a lot of gold.</P>
<P>I searched Google for the total amount of gold mined in all of human history and came up with<a href="http://www.21cec.com/gold"> about </a><a href="http://www.moles.org/ProjectUnderground/drillbits/7_07/vs.html">140,000 tons.</a> If the estimates of this new mine are correct, there will be a major change in the gold market as this is refined and hits the market.The Indonesian reserves (as large as they seem) only represent about 1/40th of the grand total.</P>
<P>According to my calculation, this new mine may produce 10 times more gold than has
ever been mined in history.</P>
<P>3,360,000,000 troy oz. currently in circulation or has been mined, ever.(140,000(tons) x 2000(lbs) x 12(oz))</P>
<P>Chile may soon be the country that supposedly has streets of gold. Then they can stop all that silly drug trafficking.
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