Gold anyone?

IronWolf

If you bought all the gold in the world it would cost you $8.2 trillion.

Now bear in mind that for $2 trillion you could buy every single oil company in the world and have an oil empire that even John Rockefeller would be envious of.

With your spare $6 trillion you could buy half of all the land in the USA.

Or you could own a big chunk of metal...

James_B.

Archi_Bald wrote: »

Good luck paying your ferry ticket and your steak and chips and your hotel with your gold bars. Keep some for the return journey as the two bars won't keep you for life, and with the way things are going no Brit would get any social outside Britain.

I'd probably pay for the ticket with my credit card or cash, and I don't need any benefits anywhere.

I'm more thinking of just having a bit of my money easily portable, shiny, and invisible to the authorities.

James_B.

puk999 wrote: »

I'd love a 1kg gold bar. Trouble is it's not easily divisible. Selling would be a pain because of the divisibility and because buyers would be scared it was gold wrapped tungsten. It'd need to be drilled just to be sold! Better to have 32 1oz gold coins. At least when you're boarding that ferry you can shove them in places people won't want to search

I don't really fancy the coins, though, the bar is nicer.

There are other ways to test gold without drilling, by the way. The speed of sound is higher in tungsten, for example.

TheTracker

James_B. wrote: »

I'm more thinking of just having a bit of my money easily portable, shiny, and invisible to the authorities.

Why......?

lalman

IronWolf wrote: »

If you bought all the gold in the world it would cost you $8.2 trillion.

Now bear in mind that for $2 trillion you could buy every single oil company in the world and have an oil empire that even John Rockefeller would be envious of.

With your spare $6 trillion you could buy half of all the land in the USA.

Or you could own a big chunk of metal...

Two of the best statistics I have heard this year.

DiggerUK

IronWolf wrote: »

If you bought all the gold in the world it would cost you $8.2 trillion.Now bear in mind that for $2 trillion you could buy every single oil company in the world and have an oil empire that even John Rockefeller would be envious of.With your spare $6 trillion you could buy half of all the land in the USA.......

Kendall80, when making a decision on anything you do after what you read on your thread, a golden rule is to check out what is claimed. It gives an excellent guide as to who you should, and should not listen to.

The above unsourced nonsense is a prime example. Going through this list of oil companies, ok they do gas as well, you find that they have a market cap of $1.942 trillion, a little shy of the $2 trillion claimed. But then when you discover there are a further hundred or so companies in the world to add on........

Then when you realise that the USA is 3,794,100 square miles in size it means land is worth a shade over $? a square mile........who cares if they ain't making it any more.
..._

IronWolf

DiggerUK wrote: »

Kendall80, when making a decision on anything you do after what you read on your thread, a golden rule is to check out what is claimed. It gives an excellent guide as to who you should, and should not listen to.

The above unsourced nonsense is a prime example. Going through this list of oil companies, ok they do gas as well, you find that they have a market cap of $1.942 trillion, a little shy of the $2 trillion claimed. But then when you discover there are a further hundred or so companies in the world to add on........

Then when you realise that the USA is 3,794,100 square miles in size it means land is worth a shade over $? a square mile........who cares if they ain't making it any more.
..._

How about this for a statistic.

You could buy all the agricultural land in the USA for $2.8 trillion.

You could then buy Google, Apple, Microsoft, Amazon, Alibaba and Wal-Mart for $2.1 trillion.

Then you can buy every public oil company for $2 trillion.

And with your spare change you can buy Rolls Royce, General Motors, Ford, Toyota, Volkswagon, Porsche, Boeing and Airbus and still have some left.

http://www.farmlandinfo.org/statistics
https://www.google.co.uk/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=value%20of%20all%20agricultural%20land%20in%20usa

DiggerUK

........"Then you can buy every public oil company for $2 trillion"........

This is what I mean Kendall80, even when you have proved somebodies figures are way off track, they just repeat the nonsense.

Then you have to ask the follow up question.....and?

Do your own research Kendall80, then make up your mind.
..._

Jonbvn

DiggerUK wrote: »

........"Then you can buy every public oil company for $2 trillion"........

This is what I mean Kendall80, even when you have proved somebodies figures are way off track, they just repeat the nonsense.

Then you have to ask the follow up question.....and?

Do your own research Kendall80, then make up your mind.
..._

He wrote "public" companies. The list you posted contains lots of National oil cos. which are not for sale.

So tell me who is posting nonsense exactly? I suppose you will have plenty of training on all those gold-bug forums;);)

DiggerUK

Jonbvn wrote: »

He wrote "public" companies. The list you posted contains lots of National oil cos. which are not for sale.So tell me who is posting nonsense exactly? I suppose you will have plenty of training on all those gold-bug forums;);)

You will note Kendall80, that my valuations were for public companies. You can't get market cap figures for any other type of company. My totaliser was turned off when I got past $4 trillion.

I do indeed frequent the watering holes of gold bugs, and I can assure you that I have a vast amount of experience in dealing with their nonsense as well.
Very easily done when you consider they are all 31 grammes short of an ounce.
..._