"Jim," wrote in message
...
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


100,000 tons x 2000 lbs./ ton = 200,000,000 lbs.= 2,916,666,560 troy oz.(1
lb. = 14.583332797487612 troy oz) x $465
=$1,356,249,995,000 or roughly 1.35 trillion. The nat debt is roughly 7.94
trillion. 7.94 trillion divided by 1.35 trillion is 5.88.

Dixon