Wesley Stevenson
speaker
1,470 appearances
54 recordings
1 series
first heard Sep 2010
last heard May 2015
Wesley Stevenson’s voice in public audio — every appearance, attributed to the second.
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Appearances
He concluded that because mining techniques were so primitive back then, it would have been impossible to mine as much gold as GFMS were claiming.
So he recalculated and came up with the much lower figure of 300 metric tonnes.
But is James Turk's estimate a good one?
Not everyone thinks so.
One competitor described Turk's study as an alternative measure in the same way that Jedi is an alternative to Christianity.
One organisation that has tried to do the maths is something called the Gold Standard Institute.
It believes if we emptied our bank vaults and jewellery boxes, we'd find 2.5 million tonnes of gold, the highest estimate we've come across.
And if you covered the pitch at Wembley Stadium with all this gold, it would stand a massive 18 metres high.
But even the Gold Standard Institute admit that the facts are a little bit sparse and the figure is a bit speculative.
Perhaps a better way to measure it would be, rather than looking at all the gold ever mined, to simply do an audit of all the gold we have.
After all, the vast majority of gold that's been mined is still used.
Here's James Turk again.
But there are problems with counting it.
Most of it isn't on show.
About half of it is worn or hoarded as jewellery.
About 20% is locked away in the safes of private investors.
And some of it is now in technology that we carry around with us every day.
Mobile phones, laptops, that kind of thing.
And most of those who aren't convinced are Americans, including some US congressmen, who believe that Fort Knox, home to the US bullion depository, might not be quite as full as the government claim, and they want an independent audit.
And last year, one story got these people jumping up and down.
Showing 461–480 of 1,470 · page 24 of 74
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