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

What Does $1 Trillion Worth Of Platinum Look Like?

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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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platinum coin precious metal website platinum coins tons platinum coin gold-plated associate producers U.S. Geological Survey financial fun hefty order dollars worth trillion Eiffel Towers bulk discount cubic feet school buses Science Desk Michaeleen Doucleff 18-wheelers ounces ounce mankind sake market sight countries math page 1,000,000,000,000 Treasury machines NPR space

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Country: U.S.

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• United States
• United States: dbpedia
• United States: freebase
• United States: ciaFactbook
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• United States: yago

Organization: U.S. Geological Survey

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• United States Geological Survey
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• United States Geological Survey: yago

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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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Source URL: npr.org

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Full Content: http://www.npr.org/blogs/thetwo-way/2013/01/10/169050577/what-does-1-trillion-worth-of-platinum-look-like?ft=1&f=1017

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