What Does $1 Trillion Worth Of Platinum Look Like? | Synopsis

What Does $1 Trillion Worth Of Platinum Look Like?

Pound Coins

Pound Coins by wwarby
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But just for the sake of some financial fun, how much platinum would you actually need to mint a coin that contains a trillion dollars worth of platinum? Turns out, it’s probably more than mankind has available on the market right now. Before we do the math, we need to be sure we’re on the same page about what a trillion is. In many countries, a trillion is one million million million, or 1,000,000,000,000,000,000. But here in the U.S., it’s just a million million, or 1,000,000,000,000. So let’s go with that. If you log on to your favorite precious metal website, you can pick up some platinum coins today for about $1,620 an ounce. (Though you’d probably get a bulk discount — you’ve got a hefty order). To make a coin that contains $1 trillion worth of platinum, you’d need about 617 million ounces. That’s about 19,300 tons of platinum.

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Country: U.S.

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Organization: U.S. Geological Survey

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Just for the sake of financial fun, we’ve calculated how much platinum it would actually take to mint a coin with $1 trillion worth of the metal in it. Turns out, it’s probably more platinum than mankind has available on the market right now.

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What Does $1 Trillion Worth Of Platinum Look Like?

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~ by vandal3di3go on January 16, 2013.

 
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