Friday, March 18, 2016

Izabella Kaminska Looks At Gold

After watching this vid my first thought was: it's probably a good thing the value of all the gold in human possession is only $7.4 trillion compared to total financial assets of something like $300 trillion of which equities are around $71 trillion.
Earlier this year Savilles, trying I presume to figure out the total of commissions available, pegged the valuation of the world's real estate at $217 trillion.

Here's Izzy at the Financial Times: