Federal prosecutors alleged that Sen. Bob Menendez accepted hundreds of thousands of dollars in bribes in exchange for the New Jersey Democrat's political clout.
“He will be sentenced on Oct. 29 and faces decades in prison.”
Just did the math - for all mined gold in the world (~200 thousand tons) at 9 billion people, that would give us 22.4 grams of gold as currency / personal property to spend at any given time, if no one on the world had any “savings”.
Considering that a 100 K EUR would already buy ~1.37 kg of gold, that’s a bit of a mismatch…
Oh, 100%. Gold is perfect for people that wish to avoid the stock markets. I even have a few coins myself.
I just find it ironic that if we ever needed to use our gold as a curreny, we would be fucked.
Just did the math - for all mined gold in the world (~200 thousand tons) at 9 billion people, that would give us 22.4 grams of gold as currency / personal property to spend at any given time, if no one on the world had any “savings”. Considering that a 100 K EUR would already buy ~1.37 kg of gold, that’s a bit of a mismatch…
This seems like a good post for a math sub for sure.