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To: DCBryan1

Your math is wrong. Gold is measured in Troy ounces. There are about 14.58 Troy ounces per pound. You’re about 10% high on your calculation.


39 posted on 07/20/2018 1:40:39 PM PDT by Go_Raiders (The fact is, we really don't know anything. It's all guesswork and rationalization.)
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To: Go_Raiders; DCBryan1
Actually the amount of gold quoted is 200 tons. That's a number with one significant digit, so Troy vs. Avoirdupois ounces is a false precision. (In fact, I'd be surprised if there's even ONE significant digit in the amount quoted.)

The point being lost is the article laughably claims 200 tons is worth $133 Bn.

45 posted on 07/21/2018 12:21:40 AM PDT by FredZarguna (And what Rough Beast, its hour come round at last, slouches toward 5th Avenue to be born?)
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