World Sovereign Debt to Metal Mined

One gold and silver valuation method is considering the world sovereign debt to total metal mined in history.

Take the estimate of world sovereign debt ($66,000,000,000,000 USD at time of writing).

For gold, take the total gold mined in history in troy oz estimate (5,507,414,910 troy oz at time of writing)

Divide world sovereign debt by the gold mined to get $66,000,000,000,000 USD / 5,507,414,910 troy oz = $11,983.84 USD / troy oz.

For silver, the total silver mined in history in troy oz estimate is 45,364,637,700 troy oz at time of writing. Dividing world sovereign debt by the silver mined yields $66,000,000,000,000 USD / 45,364,637,700 troy oz = $1,454.88 USD / troy oz.

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