Post #3930 by PinotPete on the Macroeconomic Trends and Risks board

Personal Finance Topics / Macroeconomic Trends and Risks

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At today’s spot price of about $4,751.88 per troy ounce, 348,000 troy ounces would be worth about $1.65 billion (not so cheap after all).

Not as cheap as originally, for sure, but we've already extracted quite a bit of that gold in subsequent years (Alaska Gold Rush anyone?) and the quantity of oil we've extracted probably balances out that amount. And less economically, the largest parks in the nation.

Pete

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