To: kattracks
Did A.P. go back to their calculators and redo the numbers?
Let's see. 2,000 bars, $500,000,000. That makes each bar worth about $250,000. With gold around $360 an ounce, that makes bars that way around 694 ounces. I don't know what sizes gold bars come in. Is 700 ounces a likely number?
As I recall, there are 14 (not 16) ounces in a pound when you're talking about gold. So this would be around 50 pounds, or in the neighborhood of 22 kilos.
9 posted on
05/23/2003 8:04:34 AM PDT by
Cicero
(Marcus Tullius)
To: Cicero
I ran the numbers, based on:
Density of Au = 19,300 Kg/m3 (cubic meter, don't know to do superscripts)
.454 Kg = 1 lb.
16 oz = 1 lb.
Gold price of about $370/oz.
Makes this very roughly about 2 cubic meters of gold, which sounds plausible.
18 posted on
05/23/2003 8:16:54 AM PDT by
RonF
To: Cicero
The most common bar is 27 lbs or 400 Troy ounces. It can be cast into any size of course. At $300 per ounce, that is $129,600 per bar x 2000 = $259,200,000.00.
That truck is carrying 54,000 lbs???
Wonder if it is the museum melt downs??
21 posted on
05/23/2003 8:22:39 AM PDT by
Sacajaweau
(God Bless Our Troops!!)
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