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If you were holding all the gold mined since the beginning of time

BearBear Posts: 18,953 ✭✭✭
You would have one heck of a rupture.
There once was a place called
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Comments

  • blu62vetteblu62vette Posts: 11,933 ✭✭✭✭✭
    That would aggravate a hernia.
    http://www.bluccphotos.com" target="new">BluCC Photos Shows for onsite imaging: Nov Baltimore, FUN, Long Beach http://www.facebook.com/bluccphotos" target="new">BluCC on Facebook
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,458 ✭✭✭✭✭
    I'm still trying to figure out how to afford that giant Canadian coin so I can put it around my girlfriend's neck. Maybe that would slow her down image
  • if all the gold ever mined was weighed, it would amount to between 140,000 and 160,000 tons. That would be a cube of approximately 62 feet on a side. A cubic inch of gold weighs 11.06 oz.



    I've read things like this for years, the numbers don't change much. Don't know if it's true. I buy ounces, the above would also be 280-320 million POUNDS. 44 billion ounces. Enough for each human to have 7 Gold Eagles!<!-- google_ad_section_end --><BR style="DISPLAY: block; FLOAT: left; CLEAR: left">
  • BearBear Posts: 18,953 ✭✭✭
    Can you imagine turning all of the gold into one giant coin?
    There once was a place called
    Camelotimage
  • leothelyonleothelyon Posts: 8,475 ✭✭✭✭✭


    << <i>Can you imagine turning all of the gold into one giant coin? >>



    Me thinks Bear has been hitting the honey a little heavyly lately......eh?


    Leo

    The more qualities observed in a coin, the more desirable that coin becomes!

    My Jefferson Nickel Collection

  • BearBear Posts: 18,953 ✭✭✭
    Methink, hick, you are, hick, exaggerating.image
    There once was a place called
    Camelotimage
  • SanctionIISanctionII Posts: 12,404 ✭✭✭✭✭
    If all of that gold was minted into s single coin and the coin was submitted to PCGS for slabbing, I wonder what the slabbing fee, shipping costs and insurance costs [both ways] would be?

    I wonder how much the cost of the raw materials and labor and general overhead to make the plastic slab and insert would be?

    I wonder what the supplemental PCGS worker's comp premium would be for the time period that the coin was in house and being processed by PCGS worker bees?

    I wonder how the slabbed coin would be handled under insurance coverage for it if it was dropped accidentally [hopefully not on someone's toes]?

    Hmm. A gold coin of such size just makes me wonder.
  • I watched a show about gold on the History Channel a few weeks ago, they claimed that all of the gold ever mined would amount to an ingot the size of the base of the Statue of Liberty.
  • BigAlBigAl Posts: 1,205 ✭✭✭
    ...you would not be able to payoff the national debt
  • BearBear Posts: 18,953 ✭✭✭
    I could write a check today and pay off the National debt.

    Of course..................the check might not be entirely good.image
    There once was a place called
    Camelotimage
  • bestmrbestmr Posts: 1,785 ✭✭✭
    ....you also would be too old to enjoy all your gold. image
    Positive dealing with oilstates2003, rkfish, Scrapman1077, Weather11am, Guitarwes, Twosides2acoin, Hendrixkat, Sevensteps, CarlWohlforth, DLBack, zug, wildjag, tetradrachm, tydye, NotSure, AgBlox, Seemyauction, Stopmotion, Zubie, Fivecents, Musky1011, Bstat1020, Gsa1fan several times, and Mkman123 LOTS of times
  • DropdaflagDropdaflag Posts: 810 ✭✭✭✭✭
    You would be the owner of a lot of worthless yellow mineral from the ground. Remember gold did not come into existence with value. People had to find uses for it in all aspects of manufacture. If no one else had any, then this would never occur.


  • << <i>If all of that gold was minted into s single coin and the coin was submitted to PCGS for slabbing, I wonder what the slabbing fee, shipping costs and insurance costs [both ways] would be?

    I wonder how much the cost of the raw materials and labor and general overhead to make the plastic slab and insert would be?

    I wonder what the supplemental PCGS worker's comp premium would be for the time period that the coin was in house and being processed by PCGS worker bees?

    I wonder how the slabbed coin would be handled under insurance coverage for it if it was dropped accidentally [hopefully not on someone's toes]?

    Hmm. A gold coin of such size just makes me wonder. >>




    It would be special for just a short time.

    Within a month, fake ones in giant fake slabs would be pouring out of China ... and WITHOUT the 10ft high "COPY" stamp, as shown in the Ebay auction photos.image
  • ambro51ambro51 Posts: 13,917 ✭✭✭✭✭
    ....I wonder how much gold exists under the sea? Just a matter of time before some huge motherlode is discovered, and a method to mine it.
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,458 ✭✭✭✭✭
    I'd be paving streets with it. Then street people would be rich and we'd all be happier.

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