All the gold ever mined...
Weiss
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This is this week's "Finance Quiz" on Yahoo!'s finance page:
Q.All the gold ever mined is equal in size to which of the following?
A tennis court to a depth of 19 meters
A Boeing 747
A football field to a depth of 19 meters
The Empire State building
answer...
The correct answer is:
A tennis court to a depth of 19 meters
Although gold has been mined since at least 3,000 B.C., all the gold ever mined would
form a cube with sides of only 19 meters. The cube would weigh approximately 140,000 metric tons and be worth over 1.7 trillion dollars on the open market.
Gold has always been a resource valued by mankind because of its scarcity, unique characteristics, and beauty. Since gold is almost indestructible it can be recycled indefinitely. In fact, each year at least 15% of annual gold consumption is recycled. Gold's ability to efficiently conduct heat and electricity also makes it a key component in a wide variety of industrial applications. According to the World Gold Council, even your touch tone phone typically contains 33 gold-plated contacts.
Q.All the gold ever mined is equal in size to which of the following?
A tennis court to a depth of 19 meters
A Boeing 747
A football field to a depth of 19 meters
The Empire State building
answer...
The correct answer is:
A tennis court to a depth of 19 meters
Although gold has been mined since at least 3,000 B.C., all the gold ever mined would
form a cube with sides of only 19 meters. The cube would weigh approximately 140,000 metric tons and be worth over 1.7 trillion dollars on the open market.
Gold has always been a resource valued by mankind because of its scarcity, unique characteristics, and beauty. Since gold is almost indestructible it can be recycled indefinitely. In fact, each year at least 15% of annual gold consumption is recycled. Gold's ability to efficiently conduct heat and electricity also makes it a key component in a wide variety of industrial applications. According to the World Gold Council, even your touch tone phone typically contains 33 gold-plated contacts.
We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
--Severian the Lame
--Severian the Lame
0
Comments
new technology could very well help to significantly add to the amount of gold in the
working world.
just saying, the amount of gold known today,may only be the tip of the proverbial iceberg
of gold percevied as what we think is a finite amount.
All the gold in the world works out to around the size of a 19 cubic meter cube.
That is still not really enough to fill a tennis court to 19 meters deep.
You could say it could fill 1/2 of a tennis court to 19 meters deep though.
<< <i> Hummm. A tennis court is 60' by 120',
All the gold in the world works out to around the size of a 19 cubic meter cube.
That is still not really enough to fill a tennis court to 19 meters deep.
You could say it could fill 1/2 of a tennis court to 19 meters deep though. >>
What it means is:
A rectangle 60' wide x 120' long x 19 meters deep
<< <i>You could say it could fill 1/2 of a tennis court to 19 meters deep though. >>
It didn't say it would fill the entire court.
Russ, NCNE
<< <i>What it means is:
A rectangle 60' wide x 120' long x 19 meters deep >>
No. It's a 19 meter cube.
Russ, NCNE
<< <i>Q.All the gold ever mined is equal in size to which of the following? >>
<< <i>The correct answer is:
A tennis court to a depth of 19 meters >>
...........................................................................................
<< <i>No. It's a 19 meter cube.
Russ, NCNE >>
............................................................................................
According to the answer provided it's [A tennis court to a depth of 19 meters >>
If a tennis court is 60' x 120'
then it would be a rectangle measuring 60' x 120' x 19 meters (or 62.3371') (3.2809' x's 19)
I think it's trading on the big board under the symbol 'SCAM'
I'll ask the broker if the reserves are bigger than a tennis court cubed.
Joe
<< <i>Although gold has been mined since at least 3,000 B.C., all the gold ever mined would
form a cube with sides of only 19 meters. >>
Russ, NCNE
<< <i><< Although gold has been mined since at least 3,000 B.C., all the gold ever mined would
form a cube with sides of only 19 meters. >>
Russ, NCNE >>
Then why include the answer with reference to the size of a Tennis court ?
<< <i>A tennis court to a depth of 19 meters >>
I like to think in terms of purchasing power with prostitutes or strippers as my base cost. How many hookers o strippers could you buy with that cube of gold?
Very interesting questions indeed. LOL
<< <i> What's the going rate for strippers? >>
two cubes of the Gold to help cure the STD's
singles court is 27 ft X 78 ft
doubles court is 36 ft X 78 ft
with end and side margins, the standard court is 60 X 120, but the actual court sizes are as shown above.
Mike
Diamonds are viewed in the same manner as is gold. Diamonds are merely carbon which has been subjected to extreme pressures. Take a lump of coal and squeeze it hard enough and a diamond will result.
Are diamonds all that rare and scarce? Who knows. However, for those persons with inquiring minds, who like diamonds and who have a penchant for science/science fiction, I heartily recommend that you read Arthur C. Clarke's books which are a sequel to 2001, A Space Odyessy. If memory serves me correctly, in 2010 the planet Jupiter is discovered to have a diamond core [the author references an actual scientific study that theorizes the existence of same], portions of which are ejected into the solar system when Jupiter explodes into a mini sun. The result is diamond chunks the size of mountains hurling through our solar system, just waiting for to be harvested by DeBeer's or an enterprising soul. If this were in fact true, just think how the diamond market on earht would react?
Did you know a diamond will catch on fire?
I go to Murfreesboro Arkansas every few years looking for diamonds!
<< <i>How flat would you be mushed into cell juice if that 19X19 Meter cube of gold fell on you? That is what I want to know. >>
I dunno, but it would leave a helluva crater, that's fer sure!
You could ask the fire ant I encountered in the bathroom last night, for a firsthand answer on what the experience of being flattened is like.
<< <i>The current belief is that diamonds were not formed from coal but from pockets of CO2 trapped in the earths crust. The enormous pressure and heat squezzes the oxygen out and you have pure carbon left that is cooked for millions of years. Then another process has brought this almost pure carbon to the surface.
Did you know a diamond will catch on fire?
I go to Murfreesboro Arkansas every few years looking for diamonds! >>
I would bet that most anything else nearby would catch fire first. carbon is pretty dang heat resistant.
I've been to Murfreesboro digging around in the diamond field. Didn't find anything, but didn't really know what I was looking for. My grandparants lived about 40 miles away.
From what I've seen over the years..... diamonds are not that rare. The only reason they are 'rare' is because it is an extremely controlled monopoly by DeBeers; perhaps with a few countries closely tied with them. Although there are not many areas that produce diamonds, when a new one is discovered, DeBeers will do all that it can to purchase the rights to it.... and then just hold it. They only release a certain, controlled amount of diamonds per year; a mixture of some nice ones and some not so nice ones, and thus control the price at the level that it is at.
Russia holds a hugh supply of diamonds; one that would break the hold that DeBeers has on the market, if they would ever release groups of them. When the Soviet Union fell, I remember a television program where a news crew were invited into one of the vaults where the Soviet Union was storing some of the diamonds. It was a fairly large room, with metal shelves like you would see in a warehouse storage building. These shelves were filled.... with bags and bags of diamonds! They were separated according to sizes. The guide said.... if you would want 10 carot size..... step this way to this shelf..... then proceeded to open one of the bags and pulled out a handful of diamonds of that size! And there were more bags..... of cut and uncut diamonds.
So I don't think they are really rare.... just a fantatically controlled commodity. And we thought the silver market was controlled and manipulated.... that is nothing compared to diamonds!
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
They showed some very flashy, shiny, sparkly, cut and cleaned diamonds and they looked magnificent.
The answer to the gold question seems to be inaccurate or inaccurately described. A cube is a solid figure with six square faces that are the same size. A tennis court could therefore never be a cube. I believe the answer is that all the gold would fill a container the size of a tennis court that is 19 meters tall.
Wonder how much of that container the gold in Ft. Knox would fill up? Does 10% sound about right?
1. 7-17-81 Warrenton GC Driver 310 yards 7th Hole (Par 4)
2. 5-22-99 Warrenton GC 6 iron 189 yards 10th Hole
3. 7-23-99 Oak Meadow CC 5 iron 180 yards 17th Hole
4. 9-19-99 Country Lake GC 6 iron 164 yards 15th Hole
5. 8-30-09 Country Lake GC Driver 258 yards 17th Hole (Par 4)
Collector of Barber Halves, Commems, MS64FBL Frankies, Full Step Jeffersons & Mint state Washington Quarters
raw diamonds are like a dime a dozen,figuratively speaking.