- Gold Trading | April 3, 2017
The total amount of paper gold trading done in 2016 equaled 243,000 metric tons. This is 233 times the amount of paper gold traded for each ounce of physical gold purchased. Also 76 times higher than the 103 million oz of world gold mine supply. What would happen to the physical gold prices if traders purchased physical gold instead of the millions of contracts traded on the exchanges.