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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 398.55-0.2%Dec 18 4:00 PM EST

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To: Haim R. Branisteanu who wrote (95527)10/15/2012 5:57:03 AM
From: KyrosL  Read Replies (1) of 218578
 
As TJ says, $18 billion is probably the price the Russians would want to sell the mine rather than the eventual revenue from 3000 tonnes of gold.

3000 tonnes of gold at $1700 per troy oz are worth

3000 tonne * 2205 lb/tonne *12 oz/lb *1700 $/oz = $134,946,000,000
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