The recent thread on China buying gold and silver got me to thinking about this question:
So let's take a common number that there is roughly 5 billion oz of gold above ground in existance today, worth roughly 8 trillion $ at today's price.
Does anyone know what percentage of that 5 billion oz is:
1) in coin form
2) in gold bar form, in World Bank and IMF vaults
3) in gold bar form, in private ownership
4) in some other form
Likewise the question goes for the roughly 1 billion ounces of silver above ground today. What percentage of above ground silver is in coin form, etc?