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Reason: None provided.

That is an order of magnitude higher than our claimed reserves. A 747-8, the largest non-Russian cargo plane, has a cargo capacity of 137 tons roughly. 650*137 = 89,000 tons. According to this, we have just under 9,000 tons of gold with a total value of around $600 billion. Even if we had 10 times that that is only $6 trillion.

https://www.fiscal.treasury.gov/reports-statements/gold-report/21-02.html

1 year ago
1 score
Reason: Original

That is an order of magnitude higher than our claimed reserves. A 747-8, the largest non-Russian cargo plane, has a cargo capacity of 137 tons roughly. 650*137 = 89,000 tons. According to this, we have just under 9,000 tons of gold with a total value of just over $11 BILLION. Even if we had 10 times that that is only $110 billion. Even if we had 100 times that we're only at $1.1 trillion.

https://www.fiscal.treasury.gov/reports-statements/gold-report/21-02.html

1 year ago
1 score