A chemist in a massive gold vault...

Discussion in 'Bullion Investing' started by ewomack, Dec 2, 2017.

  1. ewomack

    ewomack Senior Member Supporter

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  3. Dougmeister

    Dougmeister The Coin Scavenger © ¯\_(ツ)_/¯

  4. cpm9ball

    cpm9ball Cannot Re-Member

    The folks in London are awfully sloppy in the way they stack the gold.

    Chris
     
  5. -jeffB

    -jeffB Greshams LEO Supporter

    Odd to think of that much "value" just sitting on rather plain (if very sturdy) storage shelves. A little shrine to mankind's irrationality. (What good is it, to be valued so highly?)
     
  6. daveydempsey

    daveydempsey Well-Known Member

    It does not matter how its stored as long as its safe.

    After all the US wanted plenty of it in payment for armaments in 1940.

    Churchill, in the darkest days of December 1940, wrote a personal letter to President Roosevelt deploring Washington’s insistence upon a cash payment — using our gold reserves — for arms and supplies shipped to us across the Atlantic.

    thumbnail_sandwich man.jpg
     
  7. baseball21

    baseball21 Well-Known Member

    I love how he said 197 thousand million pounds like that was clarifying it and easier to understand than 197 billion pounds.
     
  8. daveydempsey

    daveydempsey Well-Known Member

    It is easier to understand because the definition of a billion changed.

    In British English, a billion used to be equivalent to a million million (i.e. 1,000,000,000,000), while in American English it has always equated to a thousand million (i.e. 1,000,000,000). British English has now adopted the American figure, though, so that a billion equals a thousand million in both varieties of English.
    The same sort of change has taken place with the meaning of trillion. In British English, a trillion used to mean a million million million (i.e. 1,000,000,000,000,000,000). Nowadays, it's generally held to be equivalent to a million million (1,000,000,000,000), as it is in American English.
     
  9. asheland

    asheland The Silver Lion

    Those guys have a lot of good videos.
     
  10. Fender Bender

    Fender Bender Member

    That's pretty cool. Thanks for the video.
     
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