Now do the math on the amount of gold the Treasury says we have,261,498,926 troy ounces. Not even $600 billion. And lets be honest, the last time that was truly audited was during the Eisenhower administration, so what are the odds it hasn't been mostly squandered?
There are 12 oz. Troy per pound for precious metals. Avoirdupois is a British based measurement that we use, i.e., 16 oz. per pound, etc. If it helps, it’s 31.1 grams per Troy oz. It’s 28.0 gram per oz. Avoirdupois.
Looked it up. The big cargo plans (Kek) can carry 250 tons. 250x650x2000(lbs in a ton)x16oz in a lb x $1913 equals a lot of money.
My calculator fruited when I did the calculation.
Now do the math on the amount of gold the Treasury says we have,261,498,926 troy ounces. Not even $600 billion. And lets be honest, the last time that was truly audited was during the Eisenhower administration, so what are the odds it hasn't been mostly squandered?
https://www.fiscal.treasury.gov/reports-statements/gold-report/21-02.html
There are 12 oz. Troy per pound for precious metals. Avoirdupois is a British based measurement that we use, i.e., 16 oz. per pound, etc. If it helps, it’s 31.1 grams per Troy oz. It’s 28.0 gram per oz. Avoirdupois.