Gross World Product to Metal Ratio

Consider using the gross world product (GWP) to value gold and silver. The gross world product is the combined gross national income of all the countries in the world.

As of writing, the World Bank has an estimate of the GWP of $87,799,000,000,000.

Also, the total gold in the world is estimated to be 5,507,414,910 troy oz.

Therefore, a valuation for gold is $87,799,000,000,000/5,507,414,910 = $15,941.96 / troy oz.

Similarly, a valuation for silver is $87,799,000,000,000/45,364,637,700 = $1,935.41 / troz oz.

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