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To: rocksblues
As Platinum is going for $1573.50 an ounce I am wondering how big these coins will have to be?

(1 trillion / 1,573.50 dollars per oz) / 16 oz per lb / 2000 lbs per ton = 19,860 tons

11 posted on 01/08/2013 5:43:42 PM PST by Flick Lives (We're going to be just like the old Soviet Union, but with free cell phones!)
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To: Flick Lives

That would be a BIG COIN!


21 posted on 01/08/2013 6:23:58 PM PST by rocksblues (Being a Liberal means never having to mean it when you apologize.)
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To: Flick Lives

****** “As Platinum is going for $1573.50 an ounce I am wondering how big these coins will have to be?”

“(1 trillion / 1,573.50 dollars per oz) / 16 oz per lb / 2000 lbs per ton = 19,860 tons”

Since we have only mined / collected 16 Tons of Platinum in the history of mankind lets continue the Math lesson 19,860 tons of Platinum at current market Value is about 317,760 times per coin than we now have... so if our debt is let’s say 20 Trillion (20 Coins) 317,760 x 20 = 6,355,200 times more Platinum that we have ever mined or ever had ... I’m all for calling the Aliens to bail us out on this one.

TT


35 posted on 01/08/2013 9:28:51 PM PST by TexasTransplant (This needs to go viral http://vimeo.com/52009124 please watch it)
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To: Flick Lives

So if we just pour platimum into Fedex Field and fill it up...that will cover the trillion dollar requirement?


41 posted on 01/09/2013 2:20:04 AM PST by pepsionice
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