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Message:: [QUOTE="doug444, post: 1612641, member: 38849"]All of you are grossly overestimating the amount and value of gold involved, compared with the Federal budget.  That 8,133.5 tonnes of gold, if sold at spot price, would bring about $432 billion dollars, which is about 1/3 of the DEFICIT for 2012.  In other words, all our gold not only wouldn't pay for governmental operations, it would cover only a third of the deficit. [TABLE="class: infobox vevent"][TR][TH="align: left"]Total revenue[/TH][TD]$2.627 trillion (requested)$2.469 trillion (enacted)[/TD][/TR][TR][TH="align: left"]Total expenditures[/TH][TD]$3.729 trillion (requested)$3.796 trillion (enacted)[/TD][/TR][/TABLE] Here's the math:8,133.5 tonnes = 8,133,500 kilograms of gold  (1000 kg per tonne)32.151 Troy ounces in a kilogram261,500,158 Troy ounces in 8,133.5 tonnes Today's spot, around $1,675. Multiply those to get $438,012,764,650.  ($438 billion+) In other words, ALL that gold covers a little over 1/3 of the Federal budget deficit for ONE YEAR.  It's chicken feed.  IF it's there. ============ Another way of looking at a sale -- ALL our GOLD would fund the government for about seven weeks.[/QUOTE]