Payload of a 737 is 23 tons
650 shipments is 14,950 tons
14,950 tons is 29,900,000 lbs
29.9M lbs is 538,200,000 troy oz of gold (18 tr oz per lb)
538.2M troy oz * $1950/oz is $1,049,490,000,000 ($1.05 trillion)
Payload of a 737 is 23 tons
650 shipments is 14,950 tons
14,950 tons is 29,900,000 lbs
29.9M lbs is 538,200,000 troy oz of gold (18 tr oz per lb)
538.2M troy oz * $1950/oz is $1,049,490,000,000 ($1.05 trillion)
It seems as though our new money will be mainly silver backed. On the debt clock it shows silver coins and bars and a big x on the fed building. Maybe due to don't have enough gold to cover all the money needed. Or perhaps it will be gold AND silver backed. But also we have other value in our land, buildings, oil, stock market etc.