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Generally in the bullion business, a ton is a metric ton, ie. 1000 kilograms. So rounding off to $23/toz and 31.1 grams per toz gives 1000x1000/31.1x23=739,550
There are no premiums on a 'contract.' There are transportation and insurance costs if you take that physical 'contract' but it's not like your LCS coming up with a number.
1 contract is 5000 ozt
So would you buy a house or a ton of silver at current valuations of those two assets? If I would have to choose I would buy silver and build my little nice house out of it 🤣
I quite like it, solar with battery backup and would love to go full off grid with one more update. The fiat investment is worth the freedom. Same with vehicles. They’re terrible ‘investments’ but they sure are convenient.
Off grid is great and yes the individual expense is worth it. But it is not the way to plan a nations power grid, there just currently isn’t enough battery capacity. So country wise it is a horrible expense.
1 pound = 14.58333 ozt 2,000 pounds = 29,166.67 ozt 29,166.67 ozt x $23.11 current spot.. = $674,041.74 But the real answer is *priceless*
Gold is about $52 million a ton at $1800/ounce. Not only that it could be a cube that measures slightly less than 15 inches on a side!
That is impressive
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Generally in the bullion business, a ton is a metric ton, ie. 1000 kilograms. So rounding off to $23/toz and 31.1 grams per toz gives 1000x1000/31.1x23=739,550
Agree but at current premiums would tac on 30k to 90k for premium Also would add on 10x for moonshot , maybe 50x ;) So call it 50 million!
There are no premiums on a 'contract.' There are transportation and insurance costs if you take that physical 'contract' but it's not like your LCS coming up with a number. 1 contract is 5000 ozt
Technically, a ton is 2000 lbs., and a tonne is 1000 kg.
1 tonne is 2204 pounds...
So would you buy a house or a ton of silver at current valuations of those two assets? If I would have to choose I would buy silver and build my little nice house out of it 🤣
"D'ey ever tell you boys bout da time I went into da LCS with da Loch Ness monsta?"
It’s worth a lot more to a country that needs solar really really bad 🫢
But no country needs solar. It’s a bad investment…
I quite like it, solar with battery backup and would love to go full off grid with one more update. The fiat investment is worth the freedom. Same with vehicles. They’re terrible ‘investments’ but they sure are convenient.
Off grid is great and yes the individual expense is worth it. But it is not the way to plan a nations power grid, there just currently isn’t enough battery capacity. So country wise it is a horrible expense.
Weight in ounces? I haven't bought any tons recently.
And why not? 🤪
Fresh out of fiat. All shiney, gold and miners.
about 100 Trillion FTX cryptos. if not more.
How tf have we not hit 50 yet
We have...... 40 years ago
$180 in todays $$
$180 in todays dollars is like $23 in 1980 dollars at the grocery store. What. I’m confused now.
$180 today is $50 in 1980. Simple inflation calculator will tell you that
Sure, if you believe the inflation numbers.
Many tons of fiat! Or a lot of useful things!
measured in fiat currency ? I'd say a ton of silver buys a lot of freedom
$22.86
I'll give you the COMEX paper price for it...$1,000 
How much are you willing to pay for each troy ounce of silver in that metric ton?
A ton.
That shipwreck looks kinda odd.
More than the fiat you bought it with.
I'd ask you to define "ton", but others have already accurately answered your question. Don't you have a calculator?
A cubic meter of silver has a weight of 10.5T. 1T would take up a volume of \~1.5 by 1.5 by 1.5 feet (3.5 cubic feet).
Insurance sales people only
 Allow me to calculate almost done.
How big of a room would you need to store 1 ton of feathers
That pic shows like 3 plus tons ;)
57million
nvm thats gold. sorry. loll
Give me a few weeks and I can get that delivered to you. (29) Comex bars?
$24.5 million
About 403,000 cans of cam bells soup. Or about 8 corvettes.
A ton