Economics of Maintenance
Consider the cost of maintaining an economy. Compare with the cost of maintaining a house or other asset.
Compare the value of total gold assets with the value of gold that is mined each year.
Gold
- Wikipedia: Gold reserve All gold ever mined, as of 2019, was 190,040 metric tons.
- Wikipedia: List of countries by mineral production: Gold Amount of gold mined annually: 3,300 tons
- Ratio: 1.7%
- Amount of gold reserves (not yet mined): 64,000 tons
Silver
- All silver ever mined: 1.74 million metric tons
- Wikipedia: List of countries by mineral production: Silver Amount of silver mined annually: 25,790 tons
- Ratio: 2.4%
- Amount of silver reserves (not yet mined): 640,000 tons
Home
- Median cost of a home in the US in 2023: $439,278
- Home Maintenance Costs Hit A Record High. Here’s How To Keep Them Down. In 2023, average annual home maintenance costs $6,548, and total ownership costs $14,155.
- Ratio: 3.2%
Literature