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To: SnuffaBolshevik

I haven’t done any calculations but I agree that it doesn’t seem like an impossible transport job.

From the article it indicates the following:

....He has also spoken with UTIMCO, which owns the 6,643 gold bars housed underground in New York City.

He said the measure wouldn’t pose a significant expense, because the gold bars could be safeguarded in a small area, no bigger than 20 square feet.......

http://www.star-telegram.com/2013/03/21/4721036/tarrant-lawmaker-seeks-to-create.html#storylink=cpy


7 posted on 03/24/2013 5:55:07 AM PDT by deport
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To: deport
"He has also spoken with UTIMCO, which owns the 6,643 gold bars housed underground in New York City."

Something doesn't add up here.

From the U.S. Mint website, the standard gold bar weighs about 27.5 lbs.
6,643 of them would weigh 182,682 lbs. or 2,922,920 oz.

At ~$1600 an ounce, that amount of gold would be worth over $4.6 billion.

11 posted on 03/24/2013 6:14:12 AM PDT by SnuffaBolshevik (In a tornado, even turkeys can fly.)
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