Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: ctdonath2

A better source on the gold existing states:

At the end of 2014, there were 183,600 tonnes of stocks in existence above ground. If every single ounce of this gold were placed next to each other, the resulting cube of pure gold would only measure 21 metres in any direction.

http://www.gold.org/supply-and-demand/supply

183,600 Metric tonnes equals 202,384 short tons

That changes my estimate above a little, 10% easier to accomplish.


13 posted on 11/04/2015 12:50:08 PM PST by thackney (life is fragile, handle with prayer)
[ Post Reply | Private Reply | To 11 | View Replies ]


To: thackney

Random fact: I read that one near earth asteroid called 433Eros has been estimated to have 125,000 metric tons of gold (as well as other precious metals). I am betting that more commercial interest will be in mining asteroids than going to Mars. Of course it would crash the price of gold here.


19 posted on 11/04/2015 1:35:41 PM PST by wattsgnu
[ Post Reply | Private Reply | To 13 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson