Tuesday, July 5, 2011

Sentry Funds: all gold mined ever is 20m squared...?


If this is true, you better start drilling those bricks to see if they are tungsten.
Posted by at

16 comments:

  1. jake the snakeJuly 5, 2011 at 11:57 PM

    yep

    math is math

    and bull shit is bull shit

    ReplyDelete
  2. Garry LindsayJuly 6, 2011 at 12:54 AM

    I still think Andy Murray would choke against a block of Gold on center court and loose! Said by a typical British citizen! I hope Murray buys silver and gold with his choker fiat winnings, at least he can out invest Nadal, Joker and Fed!

    ReplyDelete
  3. AnonymousJuly 6, 2011 at 1:16 AM

    Thats why I like the gold AEs. I dont see much risk in those having tungsten.

    1 oz of gold or a roll and a half of silver. Always a tough choice. Luckily its a win-win

    My local coin shop is getting cleaned out everytime they get any PMs. Its nice running into sheep there, who are just starting to wake up.

    ReplyDelete
  4. SteveJuly 6, 2011 at 1:42 AM

    Notice it says a 20m^2 cube. Square meters aren't a volume, try 20m^3.

    ReplyDelete
  5. The News UNITJuly 6, 2011 at 1:54 AM

    SILVER and GOLD at their turning point. Don't get caught sleeping this time around. Time to get serious again. The chop, chop, chop is about over....
    The News UNIT Blogspot

    ReplyDelete
  6. SolidGoldBubbleJuly 6, 2011 at 1:56 AM

    Steve: not only did they get that wrong, but as I understand it, all the gold ever mined would form a cube OF SIDE 20 metres (approx), so 20m x 20m x 20m = 8000m³. People suck at maths.

    ReplyDelete
  7. joshJuly 6, 2011 at 2:00 AM

    How come people are paying 36-38 dollars for 1/2 ounce of junk silver on ebay?

    ReplyDelete
  8. LedbedderJuly 6, 2011 at 5:36 AM

    A bubble stock I am watching is Herbal Life (HLF). They are a MLM company that sells higher end vitamins, minerals, personal care products. Keeps making new highs. Like the high end furniture question (how is the stock price still going up?), I think this thing could crash & burn very quickly. Nothing to take action on yet. I look at it about once a week to see if there are any technical formations.

    ReplyDelete
  9. RadicalJuly 6, 2011 at 7:18 AM

    http://money.howstuffworks.com/question213.htm

    Here's a link from How Stuff Works that answers that possibility.

    ReplyDelete
  10. J LimJuly 6, 2011 at 9:00 AM

    We should drill our own gold better, I guess.. :)




    http://financial-today.blogspot.com

    ReplyDelete
  11. SpyderTLJuly 6, 2011 at 11:42 AM

    @radical rhombus, from the how stuff works article:

    "A recent spot price for gold was $256.10 U.S. -- using that number, all of the gold produced in a year is worth $12,805,000,000. That's a lot of money..."

    Oh, if we had only known back then...

    ReplyDelete
  12. danJuly 6, 2011 at 12:39 PM

    dow up gold up silver up dollar up


    whats up with this....any guesses....

    ReplyDelete
  13. recaptureamericaJuly 6, 2011 at 1:47 PM

    its been known for some time..all gold ever mined throughout history is a 70-80 ft cube, or approx..

    http://money.howstuffworks.com/question213.htm

    http://www.youtube.com/watch?v=asodfnJbPR8

    ReplyDelete
  14. Anon2000July 6, 2011 at 5:33 PM

    I wonder how they calculate this. They can't possibly know for sure. E.g. does this cube include the 2500 lbs of gold coins + other stuff found in India earlier this week??

    http://www.telegraph.co.uk/news/worldnews/asia/india/8616698/Gold-and-gems-worth-up-to-14-billion-unearthed-from-Indian-temple.html

    ReplyDelete
  15. recaptureamericaJuly 6, 2011 at 6:19 PM

    a ton of gold is only a 15 in cube..(15x15x15 inches)
    http://wiki.answers.com/Q/How_big_is_1_ton_of_gold

    ReplyDelete
  16. Paul BreedJuly 7, 2011 at 7:03 AM

    Gold is dense, 19.3 times as dense as water.

    If I calculate correctly a cube 20m x20m x20m
    is about 5 Billion Oz of gold. (4.964)

    ReplyDelete

Subscribe to: Post Comments (Atom)