Dixon wrote:
The Gordon Lightfoot song about the Edmund Fitzgerald carrying 26,000 tons
of iron ore makes for an interesting comparison. It is said all the gold in
the world would weigh just over 100,000 tons. (a final Jeopardy question a
while back). This is four Edmund Fitzgerald loads. At the current gold price
of $ 465 per oz., how would you think the entire worlds gold supply would
compare to our national debt?----- The value of the all the worlds gold
would not even pay one- fifth of our debt. Trouble coming?
Dixon




Check my math guys, but I have the US national debt at
$7,939,664,349,738.56

so figure $465(price of gold) X(16/.083 (troy OZ to US oz))x2000
(pounds/ton) x 100,000 (tons of gold in the world = $17,927,710,843,373.49