Wednesday, May 29, 2013
Annual Gold and Silver Production by Country per the US Geological Survey
US Geological Survey statistics for annual world gold and silver production are shown below. China and Russia are top producers of gold and silver. Pundits typically ignore gold sourced from China and Russia because their central banks supposedly purchase all domestic production. That assumption may be true. But, it is good to know the significance of Chinese and Russian production. Would they ever lease their gold? in exchange for Taiwan, perhaps?