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Sunday, August 14, 2011

Gold

I was watching an interview with the CEO of a company that mines for gold and he said there is less than two Olympic sized swimming pools of gold currently above ground (that hasn't been mined yet).

Currently the price of gold is $1,746.42 per ounce.

The price of $100 bills is $2,835.00 per ounce.

$100 bills are worth more than their weight in gold, but $50 bills are not.

There are 28.35 grams in an ounce. One gram of gold is worth $61.60

A dollar bill weighs 1 gram.

A cheese pizza from SliceTruck weighs about 38 ounces. A slice is 1/8 of that.

1 slice of SliceTruck pizza = $2.75
1 solid gold slice of SliceTruck pizza = $8,295.49

1 solid gold SliceTruck pizza = $66,363.96


Here's my point:

If you took all the pizza we ever made out of the truck there is no way we have filled two Olympic sized swimming pools up. We haven't even filled one up.

...therefore SliceTruck pizza is more rare and more valuable than gold.

How many 18 inch pizzas can you fit into an Olympic sized swimming pool? About 600,000.

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