Wow. I know...I am pretty sure they were speaking English but with all the technical speak and jargon in that article, they blew right past my limited education in economics and finance.
That's the point. "Trust us, we know what we're talking about"
Well now we know who is behind all those "we buy gold" signs! LoL
I was suggesting that they can't make rational claims as to the sanity of investing in gold using standard ROI terms and historical pricing, so they have had to make up this entire new way of looking at things. Like new math.
"worthless metal" I would disagree with on the tungsten. It's over 18 dollars a pound!
That's $39,000 worth of "worthless" metal. Just enough to get started in Macau and roll it up into $72 million!
Still confused on how they said it was 2200 pounds of gold worth 72,000,000. Given today's price of $1252/oz that's like $44,000,000. Is there some massive inflation over there for physical gold?
Gold is measured in Troy ounces. Metric ton = 2200lbs = 32083 troy oz x $1252= 40,167,916 dollars. Please show your work on all math problems.
My math was close enough, show theirs that got to $72m?
You'll have to discuss that with them. Somebody got lessons in new math somewhere.
Maybe it's like jewelry appraisals. I buy a $4800 ring and the same store appraises it for $9500. He insured it for $72m and it was stolen so he gets $72m?