Just curious
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (22)
sorted by:
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.