According to the internet, there is 8 million tonns of gold dissolved in the worlds oceans..
Now i know gold is in a bubble at the moment as people are scared of printed money and been buying it up (like the 1979 bubble).. but if we go back before the cracks started to show in the world economy say 2005 when gold was about $14mil per tonn, that works out to $112 Trillion in gold.
Thats probably about the same or less amount of fiat money in the world. Probably much less when you look at extraction costs and it could probably take 1000's of years to process all the oceans water.
I think gold is a safe bet as a stable currency.. and it looks like China is probably going to go back to trading gold with other country for imports/exports like it was 50 years ago now they have no faith in the $US as america can never pay back its debts to them.
fiat money system is flawed big time, just look how much money has been printed since we came off the gold standard, there is only about $1 Trillion in gold bars in the banks vaults..
huge printed paper bubble getting ready to fail in nearly every main region of the world.
