The United States Economy placed in context to the World's Gold Supply

Data is gathered and numbers & the graph are automatically computed and plotted in real time , so this may take a while to load when internet traffic is heavy.

 

People usually have trouble comprehending the significance of the size of the U.S. Economy or Gross Domestic Product. The U.S. Gross Domestic Product is "the output of goods and services produced by labor and property located in the United States".

Rightly or wrongly, people do believe that they understand the value of gold. Below is a visual aid to help you see how much larger the U.S. Economy, as measured by the U.S. Gross Domestic Product is compared to the value of "All of the Gold in the World"The calculation and data sources are now displayed below the graph.

What this shows is that there isn't even enough gold in the entire world for even the US to go back onto the Gold Standard, much less in the US government's vaults, unless the US devalues the dollar relative to gold and relative to other country's currency.

How the calculations are made:

Search for News related to Gold and the US GDP:

Modern Money Mechanics: A workbook on Bank Reserves and Deposit Expansion by the Federal Reserve Bank of Chicago

Talking Points on the Likely Consequences of Re-Establishment of a Gold Standard

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