Annual gold trade reaches $22 TRILLION
By GCRU Gold News on Friday, April 10 2015, 10:21 - Permalink
Global trading volumes in 2014 was three times more than the 183,600 tonnes of the precious metal that have been produced in human history.
At an estimated $22 trillion trading value per year, the gold market dwarves turnover on the Dow Jones Industrial Index and that of the S&P 500 combined, German and UK government bonds and even some of the top currency pairs.
This leads to turnover of roughly 589,000 tonnes for the year overall, with a value of approximately $22 trillion, or roughly 188 times mine production.