Jim, wrote:
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 *pounds*)x2000
(pounds/ton) x 100,000 (tons of gold in the world = $17,927,710,843,373.49
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