Thursday, April 28, 2011

A very nice stack

For my Aussie readers:

$1 million Aussie (AUD) worth of gold weighs ~ 22kg in 1kg bar form, or in coins a bit over 21kg, approx. 680 gold kangaroo 1oz 9999 gold coins.

In silver a $1 million weighs 680kg in 1kg bar form or approx 18,200 1oz 999 silver kookaburra coins!

In other words you can put a $1 mil AUD in gold in a briefcase and still pick it up. A $1 mil in silver still requires a Chep pallet and a forklift. The day you can put $1 mil in silver in your briefcase and pick it up easily might be the time to consider taking some profits, but before then keep on stacking.




No comments:

Post a Comment