Posted on 07/20/2018 9:24:52 AM PDT by MtnClimber
A missing Russian Imperial Navy cruiser said to contain 200 tons of gold bullion worth an estimated $133 billion has been discovered after being lost at sea for 113 years.
The wreck of the Dmitrii Donskoi, a 6,200-ton warship that went down during the Russo-Japanese war of 1904-05, was discovered on July 15 about 0.8 miles (1.3 km) from the shores of Ulleungdo, a South Korean island located 75 miles (120 km) east of the Korean Peninsula, the Telegraph reports. The ship was found under 1,400 feet of water (430 meters) by an international consortium led by a South Korean salvage team called the Shinil Group.
(Excerpt) Read more at gizmodo.com ...
I think Gordonski Lightfootski sang about that.
That aint a whole lot of space in the hold of a ship.
By contrast, the 1600 tons of coal would occupy a volume 120 times larger. If they wanted to move it that way, they could easily have found space for the gold. (For example, just by leaving <1% of the coal behind...)
Alternatively, $39,350.91/kg * 200 * 1000 kg/metric ton = $7.87 bn.
A lot of problematic calculations in the article, including the claim there might not have been room for the gold in the hold. The 1600 tons of coal alone occupy a space at least 120 times larger (that's if it was solid anthracite, and more likely the space required would be 150 times larger in reality.)
The point being lost is the article laughably claims 200 tons is worth $133 Bn.
His full name is Gordonski Sundownubeddertakekarovich Lightfootski.
Significant digits is a very good point. I’m usually more of a stickler on them. Thanks for the slap to the forehead!
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