• 315 days Will The ECB Continue To Hike Rates?
  • 315 days Forbes: Aramco Remains Largest Company In The Middle East
  • 317 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 717 days Could Crypto Overtake Traditional Investment?
  • 722 days Americans Still Quitting Jobs At Record Pace
  • 724 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 727 days Is The Dollar Too Strong?
  • 727 days Big Tech Disappoints Investors on Earnings Calls
  • 728 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 730 days China Is Quietly Trying To Distance Itself From Russia
  • 730 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 734 days Crypto Investors Won Big In 2021
  • 734 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 735 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 737 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 738 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 741 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 742 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 742 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 744 days Are NFTs About To Take Over Gaming?
Adrian Burridge

Adrian Burridge

CanadianInvestors.com Inc. provides independent research on the North American equity markets. CanadianInvestors.com Inc. has been providing research on the internet since December 1999.

Contact Author

  1. Home
  2. Markets
  3. Other

Two Gold Statistics of Note

Statistic Number 1.
Every DAY there is over $6 trillion in OTC derivatives traded accorded to the Bank for International Settlements (www.bis.org) on a worldwide basis. Every month there is $12 billion in physical gold traded at the LBMA (www.lbma.org.uk). Each day of OTC derivatives trading is the equivalent of 40 years of physical gold trading in London.

Statistic Number 2
Some of you may have heard of the Great Lakes.
http://en.wikipedia.org/wiki/Great_Lakes

I quote from Wikipedia and I have no reason to doubt any of this.

"They are the largest group of fresh water lakes on Earth".

"Today, 20 percent of the world's fresh surface water is contained in the five great lakes: 5,473 cubic miles (22,812 km³), or 6 quadrillion U.S. gallons (22.81 quadrillion litres) in all. It is enough water to cover the contiguous 48 states to a uniform depth of 9.5 feet (2.9 m). The combined surface area of the lakes is 94,250 square miles (244,100 km²) -- larger than the states of New York, New Jersey, Connecticut, Rhode Island, Massachusetts, Vermont and New Hampshire combined".

I bring it up because some of you may have heard the term -
SPEND MONEY LIKE WATER.

Well this is exactly what Wall and Bay Street is doing with your money.

Witness.

6 QUADRILLION GALLONS OF WATER are in the Great Lakes.

2 QUADRILLION OF DERIVATIVES ARE TRADED ANNUALLY according to the Bank for International Settlements. (www.bis.org) as I have shown on these pages.

CONCLUSION

This means that every dollar of derivatives is the equivalent of 3 gallons of fresh water one would find in the Great Lakes.

Derivatives are the equivalent of water.

Buy all the gold your buckets can carry!

Sign up today for a free trial at www.canadianinvestors.com.

 

Back to homepage

Leave a comment

Leave a comment