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Author Topic: Visualising Gold's Value And Rarity V bitcoin & others  (Read 465 times)
markj113
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February 18, 2017, 08:22:58 AM
 #1

Spotted this on Zerohedge and thought it was a great vizualisation :

With all that value coming from such a small package, sometimes it is hard to put gold’s immense worth into context.

The following 11 images help to capture this about gold, putting things into better perspective.





1. The U.S. median income, as a gold cube, easily fits in the palm of your hand.

U.S. Median Income as a Gold Cube


2. A gold cube worth $1 million, has sides that are 2/3 the length of a typical banknote.


3. All gold used for electrical connections in the Columbia Space Shuttle would be worth $1.6 million today.


4. Trump’s entire fortune of $3.7 billion as a gold cube would be shorter than Trump himself.


5. As a gold cube, the entire value of the Bitcoin market would fit in a hallway.


6. The fortune of the richest man on Earth, Bill Gates, would take up a single traffic lane.


7. The world’s entire annual production of gold is just a 5.5m sided (18 ft) cube.


8. Take the 147.3 million oz of gold out of Fort Knox, and it’s only slightly bigger.


9. All gold held by the Central Banks pales in comparison to the Brandenburg Gate.


10. All gold mined in human history is dwarfed by the Statue of Liberty.


11. To pay off $63 trillion of global sovereign debt, you’d need a gold cube the size of a building.


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asdalani
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February 18, 2017, 08:48:13 AM
 #2

Nice pictures markj113, I think that the limited supply of Gold is overlooked because of how many people wear 14k and less quality gold so they tend to see it "Everywhere".

I personally think that Gold is much more valuable than what people say it is.


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Eodguy149
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February 18, 2017, 09:36:40 AM
 #3

Awesome graphics, they really help bring things into perspective. I saw an article about Nasa eyeing an asteroid that contains trillions of dollars of precious metals. It begs the question: will anything physical be a good store of value in the future, because if we can start harvesting scarce metals from space, the only true scarce resource are those that are digitally limited and confined to our planet. Definitely a crazy time to be alive!

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February 18, 2017, 10:04:30 AM
 #4

You can't accurately estimate the total gold mined in human history since there are much of gold hidden in people's vaults or as treasure buried.
There is at least 2 times more gold than in those pictures mentioned.

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markj113
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February 18, 2017, 10:12:05 AM
 #5

You can't accurately estimate the total gold mined in human history since there are much of gold hidden in people's vaults or as treasure buried.
There is at least 2 times more gold than in those pictures mentioned.

You have no data to back that statement up and just plucked a figure from the air.
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February 18, 2017, 10:18:57 AM
 #6

Very interesting graphics. I just have doubts if fort knox actually have the gold they claim to have. Other doubts that I have is net worth of Drumpf. As others have mentioned the total mined gold is gimmicky as well.

You should add the virtual to be mined electronic gold in comparision to physically sold gold in the last 10 years. That would be something.

And sorry. The bitcoin market is not worth so much. If everyone was to sell their bitcoins the price would be waaaaaaaaaaaaay less. Bitcoin net worth is very very tricky to measure.
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February 18, 2017, 11:27:28 AM
 #7

are you implying that gold is more rare than bitcoin? can gold be lost like bitcoin to make it more rare? gold is completely mined, bitcoin is not and will take other 100+ years to finish, bitcoin don't occupy any space can be put in a usb stick, in fact you can store 20B, the marketcap of bitcoin, of value in a usb if you had all the btc, all this make bitcoin a better choice for me

markj113
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February 18, 2017, 12:27:26 PM
Last edit: February 18, 2017, 01:03:09 PM by markj113
 #8

are you implying that gold is more rare than bitcoin? can gold be lost like bitcoin to make it more rare? gold is completely mined, bitcoin is not and will take other 100+ years to finish, bitcoin don't occupy any space can be put in a usb stick, in fact you can store 20B, the marketcap of bitcoin, of value in a usb if you had all the btc, all this make bitcoin a better choice for me

Dont even know where top start on this post.

Are you implying that gold is more rare than bitcoin?

Bitcoin - Made up of infinitely divisible numbers with lines of open sourced code that can be copied and changed overtime.  If bitcoin achieved mainstream adoption and the devs decided to increase the bitcoin supply they can do so with a few key strokes, 21 million coins available today could be 100 million tomorrow.  You may say this will never happen but you have no control over it!

Diamonds: made from the 6th most common element in the universe and readily manufactured for industrial use.

Gold: Produced in supernova nucleosynthesis from the collision of neutron stars.


Can gold be lost to make it more rare?
Yes, shipwrecks containing tonnes of gold over the centuries have been lost, non recycled electronic goods, non recoverable satelites etc all reduce available gold.  And before you say these could be potentially be recovered then in theory so could lost bitcoin if the private key was generated.

Gold is completely mined, bitcoin is not and will take other 100+ years to finish.
Gold is not completely mined as there are gold mines currently operating.  Gold will continue to be mined long after the last bitcoin has been mined.

Bitcoin don't occupy any space can be put in a usb stick
Directly maybe, indirectly bitcoin takes a huge amount of space due the infrastructure required for it to operate.  Power grids, servers, internet, mining hardware etc.



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February 18, 2017, 12:55:06 PM
 #9

Awesome graphics, they really help bring things into perspective. I saw an article about Nasa eyeing an asteroid that contains trillions of dollars of precious metals. It begs the question: will anything physical be a good store of value in the future, because if we can start harvesting scarce metals from space, the only true scarce resource are those that are digitally limited and confined to our planet. Definitely a crazy time to be alive!

Is the Asteroid that you are reffering to named "UW-158"?
http://www.mirror.co.uk/news/world-news/uw-158-asteroid-90-million-tonne-6085232

The people at NASA don't really classify it as a Gold-bearing Asteroid only platinum and other precious metals. The interesting thing about it is that they state that it's going fly by again in Sep 2017.


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HabBear
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February 19, 2017, 05:30:25 AM
 #10

This isn't really visualizing gold's value. It's visualizing the value of other things as gold. And rarity isn't mentioned at all.

http://www.numbersleuth.org/worlds-gold/

There are 5,820,203,717 ounces of gold in the world. At some point there are likely to be close to 21,0000,000 bitcoins in the world. The best, fairest unit of comparison between the two. So Bitcoin is clearly more rare than gold. And the price of Bitcoin has nearly surpassed the price of gold per ounce.

I think the rarity and value of things is obvious...and I think the future looks great!

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February 24, 2017, 09:23:07 PM
 #11

The future for Bitcoins is pretty bright,
firstly it can be used as equivalent to gold - so to speak as a safe haven for money,
and secondly it is much easier to handle compared to gold (transaction time, storage, splitting in mBTC ..).

PS: pretty good pictures you found there Smiley
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