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Bloom’s Law of the Profitable Inertia of Gold
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<p>[QUOTE="calcol, post: 24668670, member: 77639"]About 20% of gold reserves are in the Denver mint, about 20% at West Point and about 60% at Ft. Knox. Very small percentages are at SF and Philly mints. See the link. Total "book" value is about $10 billion. "Book" is based on about $42/oz. Because there are about 250 million oz, market value must be around $500 billion. Cal</p><p><br /></p><p><a href="https://www.usmint.gov/about/mint-tours-facilities/fort-knox" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.usmint.gov/about/mint-tours-facilities/fort-knox" rel="nofollow">https://www.usmint.gov/about/mint-tours-facilities/fort-knox</a>[/QUOTE]</p><p><br /></p>
[QUOTE="calcol, post: 24668670, member: 77639"]About 20% of gold reserves are in the Denver mint, about 20% at West Point and about 60% at Ft. Knox. Very small percentages are at SF and Philly mints. See the link. Total "book" value is about $10 billion. "Book" is based on about $42/oz. Because there are about 250 million oz, market value must be around $500 billion. Cal [URL]https://www.usmint.gov/about/mint-tours-facilities/fort-knox[/URL][/QUOTE]
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