SocalDinar Posted April 7, 2019 Report Share Posted April 7, 2019 On 4/4/2019 at 10:47 PM, DinarThug said: So Are U Suggesting That We Bury Our Dinar And Wait A Jurassic Age Or Two ... I think we already have. 2 Quote Link to comment Share on other sites More sharing options...
tankdude Posted May 7, 2019 Report Share Posted May 7, 2019 This is a reprint and expansion of something I posted quite a while back....if I may beg an indulgance - First - I would guess he is talking short tons. In other words, 2,000 pounds. I'm sure we assumed the same we learned in school - 16 ounces per pound - but that's if this is based on the Avoirdupois measurements. These are used for coarse dry weights such as grain, flour, sugar, tea, etc., and are the units of weight you likely learned about in school. The standard weight measurements used for all precious metal products are Troy ounces and pounds. All legal tender silver, gold and platinum coins are struck according to these Troy weights. Troy weights are also called Apothecary weights, due to their use with medical drugs - 1 Troy Ounce = 31.1035 grams - 1 Avoirdupois Ounce = 28.3495 grams In other words, a 1 ounce silver coin is heavier than an ounce of tea. But wait - it's about to get a bit more confusing... - 1 Troy Pound = 12 Troy Ounces (373.242 grams) - 1 Avoirdupois Pound = 16 Avoirdupois Ounces (453.592 grams) In other words, a 1 Troy pound bag of silver coins is lighter than a pound bag of rice! Thus the famous riddle - which weighs more - a pound of feathers or a pound of gold? (In case you're hazy on that - it would be the pound of feathers....) https://www.govmint.com/coin-authority/post/troy-ounces-vs-avoirdupois-ounces/ So - with this information in hand lets redo the math. 1 ton (2,000 Troy pounds) =24,000 0z t/ton 24,000 oz t X $1,284.60 (current spot bid price) = $30,830,400 /ton 30,830,400 X 96 = $2,959,718,400 - or in other words, a lot more than what's in my bank account.... 3 2 Quote Link to comment Share on other sites More sharing options...
dinargolfer Posted May 7, 2019 Report Share Posted May 7, 2019 $3,686,400,000.00 Quote Link to comment Share on other sites More sharing options...
psdon Posted May 15, 2019 Report Share Posted May 15, 2019 $3,632,425,728.00 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted May 30, 2019 Report Share Posted May 30, 2019 On 5/7/2019 at 1:38 PM, tankdude said: This is a reprint and expansion of something I posted quite a while back....if I may beg an indulgance - First - I would guess he is talking short tons. In other words, 2,000 pounds. I'm sure we assumed the same we learned in school - 16 ounces per pound - but that's if this is based on the Avoirdupois measurements. These are used for coarse dry weights such as grain, flour, sugar, tea, etc., and are the units of weight you likely learned about in school. The standard weight measurements used for all precious metal products are Troy ounces and pounds. All legal tender silver, gold and platinum coins are struck according to these Troy weights. Troy weights are also called Apothecary weights, due to their use with medical drugs - 1 Troy Ounce = 31.1035 grams - 1 Avoirdupois Ounce = 28.3495 grams In other words, a 1 ounce silver coin is heavier than an ounce of tea. But wait - it's about to get a bit more confusing... - 1 Troy Pound = 12 Troy Ounces (373.242 grams) - 1 Avoirdupois Pound = 16 Avoirdupois Ounces (453.592 grams) In other words, a 1 Troy pound bag of silver coins is lighter than a pound bag of rice! Thus the famous riddle - which weighs more - a pound of feathers or a pound of gold? (In case you're hazy on that - it would be the pound of feathers....) https://www.govmint.com/coin-authority/post/troy-ounces-vs-avoirdupois-ounces/ So - with this information in hand lets redo the math. 1 ton (2,000 Troy pounds) =24,000 0z t/ton 24,000 oz t X $1,284.60 (current spot bid price) = $30,830,400 /ton 30,830,400 X 96 = $2,959,718,400 - or in other words, a lot more than what's in my bank account.... Spot On. 1 Quote Link to comment Share on other sites More sharing options...
Dollar Bill Posted June 19, 2019 Report Share Posted June 19, 2019 Gold is up lately, at $1,350/oz that would calculate to $3,779,991,360 USD worth of gold reserves There are approximately 45 trillion dinar in circulation according to the CBI website, thus a "gold backing" of $0.000083999808 per dinar. Or in other words the dinar is approximately 10% gold backed - that is actually quite good compared to most countries. 4 Quote Link to comment Share on other sites More sharing options...
Theseus Posted November 8, 2019 Report Share Posted November 8, 2019 On 3/4/2019 at 8:17 PM, dinarham said: CBI stated that they hold 96 tons of gold . 1 ton = 32,000 ounces. 32 ouncesx 96 tons =3,168,000,000 ounces . Multiply this number by $1200 per oz if you can . My pute doesn't go that far . My math is bad ,but are we into the quadrillion zone? Your computer/calculator can do 3168 x 12. Then add to your answer the total number of zeroes from both numbers to get your answer. 1. 3168 x 12 = 38016 2. Add 8 zeroes to the end of that number to get 3801600000000. 3. Then put in the commas to purty it up => $3,801,600,000,000 is your answer using the numbers you provided. 2 Quote Link to comment Share on other sites More sharing options...
dinarham Posted November 8, 2019 Author Report Share Posted November 8, 2019 I believe that the gold is not at Fort Knox . They hold just as much gold as they did at the end of WW2 . Plus ,it's an antiquated site . Quote Link to comment Share on other sites More sharing options...
Theseus Posted November 8, 2019 Report Share Posted November 8, 2019 (edited) The first ten -illions: A million (1) has a 1 followed by 6 zeros. A billion (2) has a 1 followed by 9 zeros. A trillion (3) has a 1 followed by 12 zeros. A Quadrillion (4) has a 1 followed by 15 zeros. A Quintillion (5) has a 1 followed by 18 zeros. A Sextillion (6) has a 1 followed by 21 zeros. A Septillion (7) has a 1 followed by 24 zeros. An Octillion (8) has a 1 followed by 27 zeros. A Nonillion (9) has a 1 followed by 30 zeros A Decillion (10) has a 1 followed by 33 zeros. Where 1 can be any whole number between 1 and 9, inclusive. The zeroes are placeholders that can be any whole number between 0 and 9, inclusive. FYI: Ten-duotrigintillion, more commonly known as a Googol, which is where Google gets it name. Edited November 8, 2019 by Theseus 1 2 1 Quote Link to comment Share on other sites More sharing options...
dinarham Posted November 9, 2019 Author Report Share Posted November 9, 2019 Wow ! Inconceivable numbers for us human beings 1 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted November 9, 2019 Report Share Posted November 9, 2019 32,000 ounces per 1 Tons of gold 32,000 ounces x 96 Tons of gold = 3,072,000 ounces Today’s gold price per ounce $1,459.00 3,072,000 ounces X $1,459.00 per ounce = $4,482,048,000 billion dollars Central banks are buying a lot of gold...... Follow The bankers, follow the money 2 1 4 Quote Link to comment Share on other sites More sharing options...
Theseus Posted November 9, 2019 Report Share Posted November 9, 2019 2 hours ago, Laid Back said: 32,000 ounces per 1 Tons of gold 32,000 ounces x 96 Tons of gold = 3,072,000 ounces Today’s gold price per ounce $1,459.00 3,072,000 ounces X $1,459.00 per ounce = $4,482,048,000 billion dollars Central banks are buying a lot of gold...... Follow The bankers, follow the money I didn't verify the math, I merely used what he gave as an answer to show how to calculate the result using a calculator. The math I provided is correct. The mistake he made was when he calculated 96 x 32,000 which you correctly show. 2 1 1 1 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted November 10, 2019 Report Share Posted November 10, 2019 27 minutes ago, Theseus said: I didn't verify the math, I merely used what he gave as an answer to show how to calculate the result using a calculator. The math I provided is correct. The mistake he made was when he calculated 96 x 32,000 which you correctly show. I agree my friend, all numbers you provided are correct 👍🏼 3 1 Quote Link to comment Share on other sites More sharing options...
LA2009 Posted November 10, 2019 Report Share Posted November 10, 2019 If I spent $150K every single day it would take me 9,000 years (NINE THOUSAND YEARS) to spend ONE Trillion dollars 1 Quote Link to comment Share on other sites More sharing options...
DinarThug Posted November 10, 2019 Report Share Posted November 10, 2019 1 hour ago, LA2009 said: If I spent $150K every single day it would take me 9,000 years (NINE THOUSAND YEARS) to spend ONE Trillion dollars 9,000 Years - Then Hurry Up And Get Busy Spending U Slacker ! Btw - I Could Use A New Clown Car And Some More Makeup ... U Wouldn’t Believe How Much I Go Thru Just Trying To Cover Up The Thugly ... 6 Quote Link to comment Share on other sites More sharing options...
Theseus Posted November 14, 2019 Report Share Posted November 14, 2019 On 11/9/2019 at 12:13 PM, dinarham said: Wow ! Inconceivable numbers for us human beings Think about this... In the 1970's I was in grade school and came across the word googol in the dictionary. Was told way back then there was no such thing and people made fun of it. Then in the 1980's we heard (NSFW warning) Then came along a spider called google.com. Now you know the rest of the story... 1 1 Quote Link to comment Share on other sites More sharing options...
dinarham Posted November 14, 2019 Author Report Share Posted November 14, 2019 Googley goo, googley goo, goo googley goo Quote Link to comment Share on other sites More sharing options...
dinarham Posted November 15, 2019 Author Report Share Posted November 15, 2019 goo, goo , goo Quote Link to comment Share on other sites More sharing options...
DinarThug Posted November 15, 2019 Report Share Posted November 15, 2019 3 hours ago, dinarham said: goo, goo , goo That’s Mr Magoo To U - Road Hog ! 3 Quote Link to comment Share on other sites More sharing options...
dinarham Posted November 24, 2019 Author Report Share Posted November 24, 2019 And where is all this gold resting ? Don't tell me Fort Knox ,but it is somewhere in US custody . Who owns this war booty gold? Would it be the citizens of this here United States ? If so ,who is our supreme trustee ? The President of the United States,he's like our daddy .only he can cut the funds Quote Link to comment Share on other sites More sharing options...
Theseus Posted November 24, 2019 Report Share Posted November 24, 2019 17 hours ago, dinarham said: And where is all this gold resting ? Don't tell me Fort Knox ,but it is somewhere in US custody . Who owns this war booty gold? Would it be the citizens of this here United States ? If so ,who is our supreme trustee ? The President of the United States,he's like our daddy .only he can cut the funds My daddy always asked me to pull his finger so that he could cut something else (also government related). 2 1 Quote Link to comment Share on other sites More sharing options...
DinarThug Posted November 25, 2019 Report Share Posted November 25, 2019 11 hours ago, Theseus said: My daddy always asked me to pull his finger so that he could cut something else (also government related). U Mean The Farticles Of Constitution - What Was That First One Again ? 3 Quote Link to comment Share on other sites More sharing options...
dinarham Posted November 25, 2019 Author Report Share Posted November 25, 2019 Some economists believe gold will hit an unpresidented high to go along with the unpresidented high of the stock Market . Gold hit a high of $1900 several years ago , but some believe it will go well above that ,dare I say $3000 ? Central Banks are buying up gold bigtime Big countries like China and the US are cash poor at the moment . 2 Quote Link to comment Share on other sites More sharing options...
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