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<p>[QUOTE=&quot;Michael K, post: 3135843, member: 78298&quot;]It says 100 billion English pounds of gold.</p><p>So you need different calculations as the pound is worth $1.30</p><p>So that would be 130,000,000,000 in US dollars, divided by 1300 ounce</p><p>that&#039;s 100 million ounces x 21 an ounce is 2.1 billion.</p><p><br /></p><p>Your number of 79,000 is way off.</p><p>79,923 x 1300= 103,899,900. That&#039;s only 104 million.</p><p><br /></p><p>1300 is roughly 65x more than 21 ( 20 an ounce) </p><p>And 2 billion is roughly 65x less than 130 billion.[/QUOTE]</p><p><br /></p>

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