Quote:
Originally Posted by mineistaken
Where will you use the exact figure?
Aproximately it seems right, around 75
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I know money is no longer backed by gold, but just for fun, using $75 Trillion dollars as a number, and using today's market value of gold, that would be the equivalent of around 4,066,804,034 pounds of gold.
According to National Geographic, there is approximately 363,762,732 pounds of "above-ground" gold on Earth.
4,066,804,034 pounds of pretend money gold minus 363,762,732 pounds of actual gold equals almost a 4 Trillion pound difference (3,703,041,302 pounds).
3,703,041,302 pounds times approximately $18,442 per pound equals a difference of almost 70 Trillion Dollars ($68,291,487,691,484 dollars).
Just something to think about.