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Can You Spare 85,000 Tonnes Of Physical Gold

|Includes: SPDR Gold Trust ETF (GLD)

This is the amount that would be needed if same percentage of global financial assets would be switched from paper investments into gold assets (physical gold, gold stocks and ETFs) as they did in 1980 in last gold bubble.

85,000 tonnes of physical gold is equal to around 34 years of gold mining production!!!

How was this 85,000 tonnes calculated?

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Disclosure: Long the physical.