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February 2021
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Have you ever wondered is your Precious Metals stack big or small comparing to other people?
Do you have enough gold and silver? How much gold or silver you would have to own to be in top 1% of their owners in the world? In this article I will estimate how much gold and silver on average is held by people in 4 wealth brackets. Lets cover only investment gold and silver, in the form of coins and bars, without other objects. According to Knight Frank in Mid 2019 in the world there was:
BILLIONAIRES ~4 TONNES OF GOLD PER CAPITA The billionaire group collectively held $8 Trillion wealth. Assuming they have allocated 5% to gold, this means 0,4 Trillion USD. Or 8,000 tonnes of gold with $50M/tonne. Since there are about 2000 billionaires, each of them holds on average about 4 tonnes of gold. ULTRA HIGH NET WORTH INDIVIDUALS (>$30M) ~960 ounces GOLD PER CAPITA According to Knight Frank Wealth report UHNWIs on average had 3% of their wealth in PMs. Assuming the average wealth of UHWI is $50M, their total wealth is about 25 Trillion USD. This means they held PMs worth approx. 750 Billion USD. With price of $50M per metric tonne, this equals to 15,000 tonnes of gold bullion or 964 oz per UHNWI. If you happen to own anything around 900 oz of gold - congratulations! You are in the top 1% of top 1% , since UHNWIs represent 1/10,000 of all adults on the planet. DOLLAR MILLIONAIRES HOLD ON AVERAGE 10 oz of GOLD The millionaires group (50 million people) is estimated by Credit Suisse Wealth Report to be collectively worth $158 Trillion. Since two previous groups hold about 23,000 tonnes, There is more or less 18,000 tonnes left for the rest of humanity, since non-central banks investment reserves are about 41k tonnes. Lets estimate that millionaires own large chunk of it - 16k tonnes. That will mean, they have allocated only 0,5% to gold bullion, worth about 0,8 Trillion. 16k tonnes equals 514,000,000 oz. This means roughly 10 oz of gold per person on average. The millionaire group happens to be exactly 1% of global adults population. Since their 10 oz of gold is an average, it is likely that large % of that group owns anywhere between 3 oz to 300 oz. We can estimate that 3 ounces of gold puts you in top 1% of largest world gold owners! SILVER OWNERSHIP The silver bullion global ownership distribution is even more striking. How much silver you have to own to be in top 1% of its owners? It is estimated global silver bullion supply to be about 4 billion ounces. Out of which JP Morgan with few other large bullion banks own 1 billion ounces. If UHNWI population, each worth at least $30M owns on average 1,000 oz of silver.... that is just a single biggest bar - together they own 0.5 billion ounces. The millionaires group with 50 million people needs to own just 50 ounces of silver per person to grasp the remaining 2.5 billion oz. Since their 50 ounces is an average, their typical ownership most likely ranges from 20 to about 500 oz, or even wider. This indicates, that only 20 ounces of silver bullion puts you in top 1% of silver stackers!
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