So, the COMEX is one of the biggest vaults in the world. As of today, August 14th.
There is approximately 16,000,000 ounces of gold. Which is 500,000 kilos. AND approximately 807,000 kilos. For a grand total of 1,307,000 kilos of gold.
For comparison, there is approximately 155,507 ounces of platinum. Which is approximately 4,836 kilos of platinum.
That is 270:1 ratio. For every 1 oz of platinum there is 270 oz of gold.
For every 8 kilos of gold in the vault there is only 1 oz. of platinum.
Gold may be hard money, but it is NOT the hardest money.
#gold #platinum #COMEX
theplatinumbear / Platinum Bear
npub1c9…qsxw2
2024-08-14 22:19:27
Author Public Key
npub1c9gruj3w79yssynaxu6nqjqvzvaatgxehdr6f0j2ykjpmre8g37qcqsxw2Published at
2024-08-14 22:19:27Event JSON
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"content": "So, the COMEX is one of the biggest vaults in the world. As of today, August 14th. \n\nThere is approximately 16,000,000 ounces of gold. Which is 500,000 kilos. AND approximately 807,000 kilos. For a grand total of 1,307,000 kilos of gold.\n\nFor comparison, there is approximately 155,507 ounces of platinum. Which is approximately 4,836 kilos of platinum.\n\nThat is 270:1 ratio. For every 1 oz of platinum there is 270 oz of gold. \n\nFor every 8 kilos of gold in the vault there is only 1 oz. of platinum.\n\nGold may be hard money, but it is NOT the hardest money.\n\n#gold #platinum #COMEX",
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