Showing posts with label Percentages. Show all posts
Showing posts with label Percentages. Show all posts

On Estimating Population of Gold Bars

I owe reader Michael H an answer to the question of "how many of the 200,000 bar signatures we see, are from GLD?". The answer is 158,289 i.e. roughly 80% of all bar signatures we know about, have appeared in GLD at least once, the other signatures are known from 18 other ETF's. Now I need to explain why I thought this worthy of sharing in a post.