Goog... wait.. use duckduckgo.com and look for Rothschild -- They've got 500 Trillion worth of gold
Goog... wait.. use duckduckgo.com and look for Rothschild -- They've got 500 Trillion worth of gold
each one of those bars is 400 ounces. The value is about $680,000.00 per bar. 224 bars per stand at a value of $152,320,000 per stand
Some pretty sturdy shelves they got there...holding about 1500lbs per shelf....Originally Posted by Jamesiv1
This is the pic that got me wondering...
[drool]
Ultimately it doesn't matter who presently owns the gold, if it is established as currency it will in fairly short order be distributed to those who produce actual value, and nobody will be able to print up more of it on a whim to steal away the value of the money people hold.
“If ye love wealth greater than liberty, the tranquility of servitude greater than the animating contest for freedom, go home from us in peace. We seek not your counsel, nor your arms. Crouch down and lick the hand that feeds you; May your chains set lightly upon you, and may posterity forget that ye were our countrymen.”
- SAMUEL ADAMS
oops. double post
Last edited by Jamesiv1; 03-06-2012 at 09:26 AM.
That article estimates they've got $500 trillion dollars, not $500 trillion in gold.
Here's what I'm getting for the approximate value of the world's gold:
160,000 tons (in 2009) x 2000 lbs per ton (US short ton) x 16 ounces per pound x $1700 per ounce = $8,704,000,000,000
Did I miss something? (math is not my strong suit) app $9 trillion total - doesn't seem like very much.
And so if the USA holds 300,000,000 ounces ÷ 5,120,000,000 total ounces = USA holds about 6% of the world's gold?
Read somewhere that all the world's gold would create two cubes - each the size of an Olympic swimming pool.
Last edited by Jamesiv1; 10-05-2012 at 10:21 PM.
- Don't lie.
- Don't cheat.
- Don't steal.
- Don't kill.
- Don't commit adultery.
- Don't covet what your neighbor has, especially his wife.
- Honor your father and mother.
- Set aside a day of rest for church, family and friends.
- Don’t use your Higher Power's name in vain, or anyone else's.
- Do unto others as you would like to be done to.
"For the love of money is the root of all evil..."
I Timothy 6:10, KJV 1611
Well those who do own it certainly don't want us to know who they are...
Ron Paul: He irritates more idiots in fewer words than any American politician ever.
NO MORE LIARS! Ron Paul 2012
That's because gold should be worth alot more and will be worth alot more as people run from fiat.
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The US gold is "owned" by the US Treasury- the Fed doesn't have any of their own though they do store some of the Treasury holdings.
Freedom is a state of mind. Nobody can take that from you unless you let them.
Whoever holds the gold in their hands owns it. The people that have paper promises to deliver gold own will not be able to get it.
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