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J. Turk's Bio

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Freemarket Gold & Money Report

Aboveground Gold Stock - Pie Chart

Aboveground Gold Stock - Graph

Total Monetary Gold Stock - Graph

Mr. Turk originally compiled the data for the Aboveground and Total Monetary Gold Stock in 1994 for a monograph he wrote entitled Do Central Banks Control the Gold Market? The sources of information to compile the historical data are:

- A History of Gold and Money 1450-1920 by Pierre Vilar (London: NLB, 1976)

- A History of the Precious Metals from the Earliest Times to the Present by Alexander Del Mar (London: George Bell and Sons, 1880)

- An Historical Inquiry Into the Production and Consumption of the Precious Metals by William Jacob (London: John Murray, 1831).

Current data was obtained from the annual surveys of the Gold Fields Mineral Services Ltd. in London. South African production was obtained from:

- Gold and South African Gold Mines (Johannesburg: International Gold Corporation, 1985)

Production in the former Soviet Union and CIS was obtained from:

- The Structure and Operation of the World Gold Market (Washington D.C.: International Monetary Fund, Occasional Paper No. 105, September 1993)

Finally, the analysis of Gold's usage by sector is based upon various assumptions detailed in the original 1994 monograph.