This seems incredible to me. 100 billion British lbs is about 130 billion US dollars. At the current gold price, (approx $1225/oz) this would equate to over 5 million pounds of gold. Could this one ship hold so much? Is my math flawed? Did they mean 130 million lbs, not billion?
That seems more likely...................it’s British tabloids..............
that’s a load
I did the calculation as well and $130 Billion dollars worth of gold is an unreasonable amount to be on a single ship as well as an unreasonable amount for the purpose. 884,000 pounds (12 troy ounces per lb)
Unless they are applying some kind of premium value as historical relics or collectibles.
The Brit press is notorious for exaggeration, sensationalism and outright deceit.
Earlier this week there was an article implying that Yellowstone was ramping up because of a huge fissure that caused part of the park to be closed.
Reality: Some vertical rock outcrops in Grand Teton developed a fissure crack. Totally unrelated to Yellowstone.
Gold is weighed in Troy Ounces, slightly larger that regular weight ounces(Avdp). There are 12 Troy ounces to the pound, so your math would change slightly, but it’s still a huge number for a cargo..........