Loading ...Here are some Stats…on the big picture
The Golden Stats You Should Know
Central banks now collectively hold about 36,700 tonnes of gold, worth a whopping $4.5 trillion. That’s more than their holdings of U.S. Treasuries, valued at $3.5 trillion. Gold is now the second most significant reserve asset, accounting for 27% of total foreign reserves—completely overshadowing the euro’s 16%, but still behind the U.S. dollar’s 46%.
Total world debt is @ $ 330 Trillion, so Gold at the moment is just over 1 % of that debt….if it is going to be a decent chunk, it has to be @ 10 % ie @$ 33 Trillion….so lets say they got 40,000 tonnes with new buying….or 1,280,000,000 Oz’s…..33/1.28 = @ 25…….