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Doremus

(7,273 posts)

1. I'm no expert, but I'd say 9 pounds of gold is worth waaaay more than $21k

Reply to KamaAina (Original post)

Wed Oct 22, 2014, 06:58 PM

Oct 2014

Even if an ounce is only worth $1k (it's more than that), there are 16 ounces in a pound x 9 = 144 ounces - 144k

What am I missing?

Edit to add:

Regardless of the potential profit, the potential cost in terms of environmental damage is far too high. If humans can find a way to screw the planet they will.

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Here�s what you need to know about the deep-sea gold rush [View all] KamaAina Oct 2014 OP

I'm no expert, but I'd say 9 pounds of gold is worth waaaay more than $21k Doremus Oct 2014 #1

Mining and prep costs??? ileus Oct 2014 #2

12 Troy ounces per pound. Turbineguy Oct 2014 #3

If there was that much Gold PeoViejo Oct 2014 #4

Fuck Gold. Mining gold is a dirty business... hunter Oct 2014 #5