The Mudcat Café TM
Thread #107962   Message #2242616
Posted By: GUEST,Keinstein
23-Jan-08 - 04:18 AM
Thread Name: BS: The Value of Au
Subject: RE: BS: The Value of Au
40 feet = 12.192 metres.
Volume of cube = 1812.278 m^3
Density of gold = 19300kg m^-3
Total mass of gold in cube = 34976968.91 kg
1kg = 32.1507474 oz Troy
Price of gold (BBC) = $875/oz Troy
Total price of gold in cube = $9.84^11 or 984 billion dollars.

Or approximately the cost of the Iraq war by the time they pull out.

Howstuffworks estimates that "the world produces a cube of gold that is about 4.3 meters (about 14 feet) on each side every year." At that rate, Asimov's 40 metre cube would represent about 23 years' production, so, it's probably an underestimate.