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Re: All the gold in the world could fit in two Olympic Size pools [Re: Psychoslut]
    #15825271 -

Quote:
The US Federal Reserve has about 8000 Tonnes of Gold or about 282192000 ounces. At todays prices that is in the neigborhood of 270 billion dollars.

Read more: http://wiki.answers.com/Q/How_much_gold_does_the_federal_reserve#ixzz1mha40aPX




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Re: All the gold in the world could fit in two Olympic Size pools [Re: TheFakeSunRa]
    #15825331 -

TheFakeSunRa said:
I know how to measure volume. It's an incredibly small amount compared to how many people there are to covet it.




It's not cheap for a reason, there isn't a ton of it just floating around.


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Don't smell the flowers, They're an evil drug to make you lose your mind

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Re: All the gold in the world could fit in two Olympic Size pools [Re: pmb]
    #15825361 -

pmb said:
TheFakeSunRa said:
I know how to measure volume. It's an incredibly small amount compared to how many people there are to covet it.




It's not cheap for a reason, there isn't a ton of it just floating around.




that's because it's really dense and doesnt float  :Trollface:

but yes, there's literally tons of it just laying around

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Re: All the gold in the world could fit in two Olympic Size pools [Re: Prisoner#1]
    #15825445 -

Its an interesting figure.

160000 tons seems like a big number but considering the density of gold, its much smaller in size than people might expect.

There probably like 1 billion tons of it left in ground. Sitting there, waiting for me...


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Re: All the gold in the world could fit in two Olympic Size pools [Re: WakeboardrB]
    #15825451 -

WakeboardrB said:
An olympic sized swimming pool is pretty fucking huge. I mean really fucking huge.

According to Wiki, an average depth Olympic sized pool could hold over 660,000 gallons of water. That's a VERY conservative estimate, since there is no true definition of an Olympic sized pool since depth varies. They only classify it by length.

Water weighs about 8.35 pounds. So given the average olympic pool, the water would weigh 5,511,000 pounds.

Gold weighs almost 20 times more than water, so for the sake of making it simple, I'll just apply it to the standard olympic pool.

110,220,000 pounds x 2.

220,440,000 pounds. And that's the bare minimum. It could be MUCH more.

And we still haven't scratched the surface as far as how much gold the earth holds.




That is roughly 35,270,400,000,000.00$ Dollars
at 1000 an oz or 16,000.00 a LB

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Re: All the gold in the world could fit in two Olympic Size pools [Re: cinic]
    #15825548 -

Gold is currently trading at $1,723 an ounce.

That's 379,818,120,000. Someone check to see if my math is right.

And there are thousands of ounces discovered every day.


--------------------
Same thing happened to me when I played Neil Armstrong in Moonshot. They found me in an alley in Burbank trying to re-enter the earth's atmosphere in an old refrigerator box.

Edited by WakeboardrB (02/17/12 11:52 PM)

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Re: All the gold in the world could fit in two Olympic Size pools [Re: WakeboardrB]
    #15825555 -

And then again, gold prices are WAY different than 5 or 10 years ago.

We used to complain when an ounce of good weed was more expensive than an ounce of gold.


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Same thing happened to me when I played Neil Armstrong in Moonshot. They found me in an alley in Burbank trying to re-enter the earth's atmosphere in an old refrigerator box.

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