Median Gold Valuation as of 6/1/23: $3,969/60 USD / troy oz

Median Silver Valuation as of 6/1/23: $180.05 USD / troy oz

Population Per Ounce

At the time of writing, the Census Bureau's U.S. and World Population Clock shows a world population estimate of approximately 7,741,000,000 people.

If the global amount of gold is 5,507,414,910 troy oz, then the person per gold troy oz ratio is 7,741,000,000/5,507,414,910 = 1.41. An interpretation of this is, if gold is distributed evenly among all people in the world, each 1 troy oz of gold would be owned by 1.41 people. This can be thought of as "too little" gold to go around.

As of the date of writing, the spot price of gold is $1,845 / troy oz. Therefore, we can get a valuation for gold of 1.41*$1,845 = $2,593.26 / troy oz.

We can also calculate a similar valuation for silver. We assume the global amount of silver is 45,364,637,700 troy oz. We calculate 7,741,000,000/45,364,637,700 = .17. Therefore, if the global amount of silver is distributed evenly among all people in the world, each 1 troy oz of silver is owned by .17 people. This can be thought of as "too much" silver to go around.

As of the date of writing, the spot price of silver is $28.45. Therefore, a valuation of silver is .17*$28.45 = $4.85 / troy oz.

Note, that not all gold and silver that exists is available to people. Therefore we will discuss how to modify these valuations, taking this idea into account.

If we assume the percent of gold available is 60%, and the percent of silver available is 15%, the above 1.41 becomes 1.41/.60 = 2.07, and the .17 becomes .17/.15 = 1.15. This information changes the gold valuation to $3,813.61 / troy oz and the silver valuation to $32.36 / troy oz.



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