To be clear, $80 billion is not earth-shattering in the gold market. Lots of gold exists in the world but is too expensive to mine. I don't remember how expensi

To be clear, $80 billion is not earth-shattering in the gold market. Lots of gold exists in the world but is too expensive to mine. I don't remember how expensive but I think it is at least half of the current price. The supply of gold grows at a very slow rate of at most 2% per year. It is getting harder to mine all the time. Demand and futures market manipulation matter far more to gold than its small supply. All the world's gold that was ever mined could fit in roughly two Olympic size swimming pools.