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Can someone smarter than me tell me if this affects me or not? (sh.itjust.works)

submitted 1 day ago by StarvingMartist@sh.itjust.works to c/outoftheloop@lemmy.world

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[–] Semi_Hemi_Demigod@lemmy.world 10 points 1 day ago (1 children)

Maybe the market cap in this graph is the total amount of gold extracted.

[–] jeffw@lemmy.world 4 points 1 day ago (2 children)

That would be my guess. But do we even know that precisely?

[–] adb@lemmy.ml 14 points 1 day ago

We actually have a decent idea, around 219,890 tons.

https://www.gold.org/goldhub/data/how-much-gold

[–] eerongal@ttrpg.network 9 points 1 day ago

The gold market cap has always been the approximate amount of gold that has been extracted. While I don't think anyone can give you an actual precise number, the approximate number is pretty widely known and tracked as we extract more.