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.

17 comments:

  1. yep

    math is math

    and bull shit is bull shit

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  2. 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!

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  3. 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.

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

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  5. 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

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  6. 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.

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

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  8. Turned a benji fiat bill into 40 packs of seeds.

    Get your SEEDZ.

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  9. 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.

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

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

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




    http://financial-today.blogspot.com

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  12. @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...

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  13. dow up gold up silver up dollar up


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

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  14. 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

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  15. 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

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

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  17. 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)

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