Loading ...CONGRATULATIONS TO ALL CANADIANS WHO OWN PHYSICAL GOLD
IT’S A “PRETTY GOOD” YEAR…SO FAR EH ?
HA
A 100 BAGGER IN 54 YEARS
US GOLD WAS PEGGED AT $35 AN OUNCE UNTIL 1970 ( THE CANADIAN DOLLAR WAS AROUND PAR AT THAT TIME SO THE CANADIAN DOLLAR PRICE OF GOLD WAS $35….NOW IT’S $3500 ! HOLEY MOLARS EH !!!
LOOK AT THIS
The Canadian dollar has lost 87% its value since 1970″
What might be a Settlement Price for Gold?
The US Federal debt is $35 trillion: 35,000,000,000,000 (12 zeros)
What is the price of Gold if you pay out the debt with the Gold in Fort Knox?
Fort Knox hold 8200 tons of Gold (Let’s just say)
One kilogram = 32.1507 Ounces Troy. 1,000 kilograms or One Ton = 32,150.7 Ounces Troy.
Multiply by 8,200 Tons = 263,635,740,000 Ounces Troy.
Divide $35,000,000,000,000 by 263,635,740,000 and you get $132,758.93 per ounce troy.
Call it $130,000 or (let’s not be greedy) $125,000 / troy ounce.
Math freaks welcome to check my math. There must be an error somewhere.
Brilliant Anaysis Foxy
The Math is Good
But you know it’s racist…right ?