****** “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.
Now I wish I knew how to post the Alien Guy picture
Sorry plus or minus 16 Tons ...
(Math was never my thing)
So the coins would be huge. Like those Yap “stone coins”.
How does the gov’t pay for the platinum it would need? Or are they going to use nickle and deem it platinum?