Archived TIL The total value of all of the world's coins and banknotes is roughly $5 trillion (noosfeer.com)
submitted ago by carlos_ojeda
Posted by: carlos_ojeda
Posting time: 4.9 years ago on
Last edit time: never edited.
Archived on: 2/12/2017 1:51:00 AM
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61 upvotes, 3 downvotes (95% upvoted it)
Archived TIL The total value of all of the world's coins and banknotes is roughly $5 trillion (noosfeer.com)
submitted ago by carlos_ojeda
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[–] gtaftwin 1 point 7 points 8 points (+8|-1) ago (edited ago)
[–] [deleted] 0 points 3 points 3 points (+3|-0) ago
[–] SaneGoatiSwear 0 points 1 point 1 point (+1|-0) ago
correct. the bank of international standards put out a valuation of around 729 trillion dollars notional.
realistically, they've got around 5 trillion in, like, cash they could pull out - - theoretically, since that's the same amount as there is money on earth...
which is a serious mind fuck.
[–] SilverBanana 0 points 1 point 1 point (+1|-0) ago
Derivatives are counted from notional, not actual money changed. While large market, it is not this huge.
Most people do not understand how notional works.
[–] 3833330? ago
I don't see any reason to add that last sentence other than to be a condescending douche. You could just say "for those who don't know how this works..."