[glorgau]

83 tons of gold. Is that a lot?

[SeekAndFind]

RE: 83 tons of gold. Is that a lot?

Based on the current gold price of $1,796/ounce.

So, a ton is 1,000 KG, and one KG is 35.2739619 ounces, which means that one ton is equal to 35273.9619 ounces. Now it’s easy to calculate the price of one ton of gold, which is: 35273.9619 x $1,796 = $63,352,035.57 (In case you’re wondering, Venezuela owns just over $23 billion worth of gold).

So, according to this moment’s price, a ton of gold is worth just over $63 million dollars.

Multiply $63 million/ton by 83 tons and you get the total worth of this counterfeit ( about $5.2 Billion ).

[shotgun]

To put that in terms of one of my engineering professors, its more than 82 but less than 84...