Max Keiser: User on my website says US Debt 1.8 times all the gold extracted on earth

Economic CrashHi Max,

Here is simple math for Us Debts in Gold.

Share this

Eiffel Tower = 10 100 Tons
1 ounce of gold = 1500 $
1 troy ounce = 31.1034768 grams
1 Kg = 32.15074656862798 ounces

Us Debt = 14 Trillions $
All gold extracted on earth = 160 000 Tons (in 2009)

Golden Eiffel tower = 487 Billions Us$
Us Debt = 28.75 Golden Eiffel Tower or 290 300 Tons of Gold
Us Debt = 1.8 time all gold extracted on earth.

Here is what the creatures of jekyll Island created.

Have a nice day.

Link

Advertisements

About 3xG Admin

I am interested in Gold, Silver, Energy, Geopolitics, Economics, Religion, Demography, History, Complex systems, Critical theory, Antipositivism, Sociology of knowledge and Chaos theory.
This entry was posted in Bearish, Doom, Economy, Gold and tagged , , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s