Is gold scarce?

Related questions

What does carat mean? Do gold bars have a certificate? How much gold is there in the world? Can the government demand (confiscate) gold? Will gold ever come back as money? What is the Central Bank Gold Agreement? What does the supply and demand of gold consist of? (The Golden Tree) How big is the gold market? How is gold recycled? When did the Netherlands leave the gold standard? What are bullion coins? Can silver discolor? Do I pay VAT on platinum and palladium? How do I know if the gold is real? How much gold is used for jewelry? Which silver coin is best to buy? Is the savings plan precious metal account physically secured? Which Dutch coins are used for investments? Why do central banks own so much gold? Where is gold found in the world? Which gold coin is best to buy? What does the LBMA quality mark mean? Why should I buy gold? How much gold is left in the ground? Do I pay VAT on silver? What size gold bar or coin do I choose? Cheapest provider of gold Why is gold so valuable? Where is the Netherlands in the top 10 gold countries? Why do countries have a gold reserve? Why is the price of gold rising or falling? What is an ETF? Where can I buy gold? What is the difference between silver coins and silver bars? What investment coins are there? How has the gold price developed over the longer term? Where are the above-ground gold deposits? Which countries have the largest gold reserves? What does the spot price mean? Why are gold coins and bars more expensive than the price of gold? How much gold is used in industry? What is the daily fixing for gold? How long does it take to start up a gold mine? What does the gold agreement entail? Is gold exempt from VAT? Do I choose platinum and palladium coins or bars? How does the VAT margin scheme on silver coins work? What is the lifespan of a gold mine? How can I invest in gold? What is the difference between gold coins and gold bars? Is the gold price being manipulated? Can you counterfeit gold with tungsten? Can I take my gold abroad? Are there any other uses for gold? Do silver bars have a certificate? Do I pay VAT on silver coins? How much gold comes out of gold mines each year? How much gold is used for gold bars and gold coins? Do I choose gold coins or gold bars? How harmful are gold mines to the environment? How much gold does a gold investment coin contain? What are LBMA gold bars? What types of gold mines are there? How is the weight of gold expressed? What is Gold? Which silver bar should I choose? Which countries have the largest production of gold? How much silver does a silver investment coin contain? How much gold comes out of recycling each year? What is the difference between platinum and palladium?

Is gold scarce?

Gold is a metal that is relatively rare and therefore rare. But there has never been a scarcity of gold, for the simple reason that gold has almost no useful applications and it can be used again and again through recycling. As a result of mining, the above-ground gold supply grows by two to three thousand tonnes every year, gold that is used in jewellery, electronics, coins and bars. All that gold remains in circulation, which means that there is an ever-increasing supply of gold every year.

Unlike many other commodities and metals, gold has a relatively large supply compared to the annual demand. We call this ratio the stock to flow ratio. It is gold's exceptionally high stock-to-flow ratio that makes the precious metal so popular as an object to store wealth. The same is true to a lesser extent for silver. This metal is also widely available, with the difference that about half of the global demand for silver comes from the industry and that this is only 10 percent for gold.

Gold has an exceptionally high stock-to-flow ratio

Did it work? Let us know!