How Much Gold Stock is There Really?

``The ancient myth that gold's value is due to its shortage has survived thousands of years right up to the present day. It is far from amusing though as there appears to have been a fair deal of skulduggery committed toward the end of maintaining the charade... all for naught. A minimum of 1,200,000 tonnes of gold gives a stock to flow ratio of 500 to 1. Gold is already the only possible money because of its stock to flow of 70 to 1. Increasing it to 500 to 1 would enhance gold's monetary property, not diminish it.''