"A ton of gold is 64,000 troy ou. A troy ou is $1625 on the market today. 1 ton of gold is $8m. 10,000 t of gold is $800b. With such a loan to collator ratio, you can raise the debt ceiling by 3.2t to 4.0t."
I see where you are trying to go with this,but we must first get our math correct.First of all there are 32,000 ounces in a ton any way you cut it and not 64,000 ounces.The US currently holds 261,499,000 ounces of gold and at todays price of 1,616.00 USD that would equate to a value of only 422.582 Billion....Then you can apply your bankers tricks to come up with some sort of number,but the fact is you only have world value of 422.585 Billion of recognized value. PS....if you want to equate it in tons that would be approx 8,133 tons.
mustbnutz Forum Posts (3,730)
RE: Two Words - Keep One the Same round 6
on me