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The Chip Board Archive 21

Re: Meanwhile?
In Response To: Re: Meanwhile? ()

Accessible gold is running out

The total volume of gold ever mined (approximately 158,000 tonnes) would form a 22-metre cube - about the size of two semidetached houses. Far more lies out of reach under the sea bed, and sea water itself probably contains a further ten billion tonnes, but the gold is so diluted that it could take months to extract enough to make a single wedding ring.

Fort Knox isn't the biggest vault

Although the famous Kentucky army base holds most of the US gold reserves (guarded by more than 30,000 troops with tanks, artillery and Apache helicopters), the Federal Reserve Bank - five stories below ground in New York - holds the world's biggest supply. Only two per cent of the Fed's 7,000-plus tonnes (700,000 bars) belongs to the US, the rest being the property of other (unnamed) countries and international organizations. There's no door - instead, a two-metre-thick steel 'plug' seals the entrance like a cork in a bottle.

Messages In This Thread

Bank of Korea buys 25 TONS of gold!
Believe it or not, 25 tonnes is a small amount
25 "tonnes" may be a small amount ...
It say 25 metric tons. Metric tons are spelt
Anyway, I wonder how much space it takes up grin
Re: Anyway, I wonder how much space it takes up grin
2000 bars. About the same space as
Re: 2000 bars. About the same space as
... and that's only a little over 2 TONS
Re: 2000 bars. About the same space as
Re: 2000 bars. About the same space as
According to an Internet search ... 27 pounds each
I was going to bid on it but the
Re: Bank of Korea buys 25 TONS of gold!
Re: Bank of Korea buys 25 TONS of gold!
Re: Bank of Korea buys 25 TONS of gold!
Re: Bank of Korea buys 25 TONS of gold!
Meanwhile?
Re: Meanwhile?
Re: Meanwhile?
Re: Meanwhile?
Re: Meanwhile?
World's largest gold bar: 551 pounds
Re: World's largest gold bar: 551 pounds
Also at the Golden Nugget: Gold to Go!
Re: Also at the Golden Nugget: Gold to Go!

Copyright 2022 David Spragg