US Army seizes apparent $500 million in gold [in Iraq]

upi via bloomberg no url | 5/23/3

[NativeNewYorker]

WASHINGTON, May 23 (UPI) -- U.S. soldiers in Iraq seized what is believed to be some $500 million worth of gold during a routine vehicle search near the border with Syria, U.S. Central Command said.

Soldiers from the 3rd Armored Cavalry Regiment stopped a Mercedes truck in Al Qaim Thursday and discovered 2,000 40-pound, 10-inch long ingots.

The driver and passenger in the vehicle said they had been paid about $350 to pick up the truck in Baghdad and drive it to Al Qaim. They said they were told the bars were bronze.

The truck, the two men and the bars are in the custody of the U.S. Army.

If the ingots are gold, depending on their purity they could be worth about $500 million.

[Conspiracy Guy]

Piiiiiiiiinnnngggggg

[FreePaul]

Around sixty tons of gold. Must have been some truck.

[secretagent]

More like 40 tons, to me. 40 pounds times 2000, with 2000 lbs to a ton.

[Brimack34]

Add that to the 8 million barrels of oil x $25.00 a barrel. And the billion Coffey stole. And we can take our money off the table.

[FreePaul]

I was using their half billion dollar figure with gold at $350 per ounce although it is probably higher now. Forty tons is still a lot of gold.

[secretagent]

I see. I wondered if I missed something about "troy weight" or the like.