Topic: Is there a recorded gold inflation rate per year? (Read 118 times)

Checkout gold.org
macrotrends.net
investing.com
fred.com
tradingeconomics.com
The above links would provide you the historical inflation datas of gold up to a specific date of event

I think finding a comprehensive source that provides the exact percentage of gold entering circulation per year since 1900 is quite challenging. Most available data focuses on gold prices and mining statistics rather than the specific inflation rate.

However, you might find some useful information on websites like Macrotrends or Trading Economics, which provide historical gold price data and other relevant statistics. While it may not be exactly what you're looking for, it could still offer some insights into the trends over time.

200 years of global gold production, by country.
Gold production over the past and next 25 Years.
Gold mine production by country.
Total gold supply in 2023 increased 3% y/y as mine supply and recycling both posted growth.
Gold Reserves by Country Map.


From articles I read, gold production rate can change with time and gold inflation rate changes with time too. It does not only move up with same or increasing inflation rate, but sometimes it will be decreased a little bit.

https://ourworldindata.org/grapher/gold-production

Our World in Data provides a chart on annual gold production in metric tons. This should sufficiently answer your query as to how much new supply enters the gold market every year.

The data provided is from all the way to 1681, although I highly suspect the accuracy of the data in the first few hundreds of years. But since you're more interested in the gold inflation since 1900, this chart must provide you helpful information.

Also, because you're into gold versus fiat argument, if you happen to have Saifedean's The Bitcoin Standard, if my memory serves me right, there were also tables there containing data on gold and fiat supply, inflation, and whatnot. They might also be of help to your argument.

You can be sure the graph for gold production is exponential not linear, the mass of industry that entered gold and other mining has sent production up massively.   The reason gold price hasnt dropped is both the dollar inflation but also there is just also alot more people on planet earth now, if they do use gold as some product even indirectly then the price has been supported well.

I believe gold production lags people production in the last hundred years.  I would want to measure gold ounces available per person to get an idea of its potential market balance in terms of demand.   We just dont buy much of it in the west not directly, but some of the largest countries like China or India its commonly held.


Your task is difficult, South Africa for some time is not the worlds largest producer.   China produces the most, buys the most and I believe aims to hold the most gold.  China is also opaque on details, for them it likely relates to national security.   China wishes to refute the dollar reserve system very likely & for me this runs parallel to their actions in the south china sea etc.  which should be renamed asap to avoid a pointless war.

You would probably start having to dig into the annual company reports of every mining company out there to come up with that figure and it is likely to be highly variable each year. Even then, there are vast networks of gold miners who have no affiliation with companies and often extracting it legally or illegally in many countries. Gold does have dips as well, it is not guaranteed to go up every year - there are certain geopolitical events that might be driving the price now, like it's portability which is helpful to citizens in countries like Russia who are facing sanctions but otherwise used to live pretty westernized lifestyles. One year it might be 10% and the next it might be 30%.

Hi BHC.

I asked cerebras.ai to provide me production numbers and worldwide above-ground stock worldwide.  cerebras has given me the best results of my VERY limited exploration of three AI engines.  YMMV of course.

https://inference.cerebras.ai/

My question to the bot: "Please provide me a table showing world gold production and gold stock from 1900 to current (latest) year."

It gave me data every 10 years (1900, 1910, etc., but included 2022).

Summary of table:

1.  From 1900 to 1930, gold production was about 1.2% of gold stock (gold supply)
2.  In 1940 and 1950, production was about 1.5% of stock
3.  From 1960 to 1990, production was about 2.0% of stock
4.  In 2020 and 2022, production was about 0.8% of stock

Comments

Gold production peaked around 1990 (8500 metric tonnes), 2022 had production of about 3400 metric tonnes.  Total 2022 gold stock is listed as 410,000 metric tonnes (NB!  That stock figure is higher than gold stock figures I have seen elsewhere of ~320,000 metric tonnes).

In very round numbers, production vs. stock has varied somewhat through the decades, but a round number of 1.5% is "a pretty good working number."  Another way of looking at that is that there is a Stock-to-Flow ratio of about 66:1.

cerebras acknowledges that the figures may vary, the gold market is intentionally opaque (secretive).

They only have data from 2010 to 2024. I'm interested in understanding the inflation rate-- or at least the amount of new money entering circulation-- starting from 1900, back when the world generally operated under the gold standard. I'm curious to see how the money supply has grown over time.

On a positive note, it's clear that the supply of new money entering circulation is gradually increasing each year, which makes it less hard to make than bitcoin.

Have you checked World Gold council website? They have a little data about the demand and circulation of Gold since 1978
GoldHub there’s is a locked PDF data which I think could contain details of the inflow but it’s not publicly available online maybe it’s for members only.

I'm searching for the recorded percentage of gold that enters circulation per year, since 1900. Is this available somewhere? I can only find amounts of gold that were mined or recycled in a specific year scattered (recent years mostly) but I cannot find a page that has gathered all these supply increases in a graph to show the inflation rate each year.

I had an argument about gold being worse as hard money because of worse inflation rate, but I'm struggling to back up my claim with easily verifiable evidence.