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Comment: Putting A Trillion Dollars Of Platinum In Perspective
Putting A Trillion Dollars Of Platinum In Perspective
So you want a trillion dollar platinum coin? Ok: here are some facts:
Platinum has traditionally been the most valuable precious metal for one simple reason: it is rare.
It is so rare, that all the platinum ever mined could fit into a 25 cubic foot box.
The weight of that box comes out to just over 16 tons: this is how much platinum has been mined since the start of time.
A coin valued at $1 trillion and made out of platinum would, at today's price of $1557/ounce, weigh in at 642.3 million ounces.
642.3 million ounces is also roughly 18 thousand tons, or about 1100 times more than all the platinum mined.
In other words, putting a coin that is worth $1 trillion in perspective to all the platinum ever mined, would look something like this:
See graph at link.
http://www.zerohedge.com/news/2013-01-04/putting-trillion-do...
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