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To: Cardhu

Each ton is almost exactly 32,000 troy ounces. So 1.5 X 32,000 is 48,000 troy ounces of gold. At $1350 per ounce, the amount is $64.8 million USD.


15 posted on 01/17/2011 8:36:13 AM PST by ikka
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To: ikka

Nearer 48,000,000€ but as both gold and the dollar fluctuates, more than 45,000,000€ is a ball park figure


18 posted on 01/17/2011 8:54:44 AM PST by Cardhu
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To: ikka

But how are they supposed to survive on only $64.8M ?


21 posted on 01/17/2011 9:36:41 AM PST by EDINVA
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