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The Master Blog: Gold miners not finding new deposits to meet future needs - study

noreply@blogger.com (The MasterBlog) — Wed, 17 Jun 2009 02:11:00 +0200

The Master Blog: Gold miners not finding new deposits to meet future needs - study

At current prices, $10 million in gold ... are 31.4 bars

noreply@blogger.com (The MasterBlog) — Fri, 2 Nov 2007 06:18:00 +0100

...That fits into a suitcase. Granted, it's too heavy to carry...

At current prices, $10 million in gold are 12,574 troy ounces.

If you have 400 oz bars, it takes 31.4 bars.

1 400 oz bar is 200mm x 80mm x 45mm

If you arrange the bars like six packs and stack 5 on top of one another, you can arrange 40 bars in the following space

200mm * 3 = 600 mm = 22. 62 inches length
80mm * 2 = 160 mm = 6.3 inches width
45mm * 5 = 225 mm = 8.9 inches height

( source for the dimensions of bars: http://www.taxfreegold.co.uk/goldbardimensions.html )

That fits into a suitcase. Granted, it's too heavy to carry as these are 0.391 tonnes or 862 pounds.

While it makes gold less portable than diamonds, a car can easily carry such a load. Gold's uniformity may be more important than a diamond that needs to rely on certificates.

If you can afford it, you may want to carry a stack of both - and don't forget some gold coins as you are unlikely to get any change if fiat money is no longer accepted.

Best wishes,

Axel

Axel Merk
Manager of the Merk Hard Currency Fund, http://www.merkfund.com/
(650)323 4341

The Master Blog Feeds Page: 'IDF seized nuclear materials in Syria'

noreply@blogger.com (The MasterBlog) — Mon, 24 Sep 2007 03:19:00 +0200

The Master Blog Feeds Page: 'IDF seized nuclear materials in Syria'

'IDF seized nuclear materials in Syria'

noreply@blogger.com (The MasterBlog) — Mon, 24 Sep 2007 00:50:00 +0200

'IDF seized nuclear materials in Syria'

JPost.com Staff , THE JERUSALEM POST

Sep. 23, 2007

Soldiers from an elite Israeli unit seized North Korean nuclear material from a secret Syrian military installation before it was bombed by IAF jets, a report by Britain's Sunday Times wrote Saturday night, quoting "informed sources in Washington and Jerusalem."

According to the sources, the alleged IAF attack was sanctioned by the US on September 6, after the Americans were given proof that the material was indeed nuclear-related.

The sources confirmed that the materials were tested after they were taken from Syria and were found to be of North Korean origin, which raised concerns that Syria may have been trying to come into the possession of nuclear arms.

The commandos, who, according to the report, belonged to the legendary General Staff's Reconnaissance Unit (Sayeret Matkal), may have been disguised in Syrian army uniforms. It was also stated that Defense Minister Ehud Barak, who used to head the unit, personally oversaw the operation.

Israeli sources admitted that special forces had been accruing intelligence in Syria for several months, the report said, adding that evidence of North Korean activity at the installation was presented to President George Bush during the summer.

Former Syrian information minister, Ma'ahdi Dahallah, rejected the report and called on Israel to present the evidence.

This type of report, Dahallah told Radio Sawa, was merely a form of psychological warfare.

According to the Times, North Korea and China believed that North Koreans were among the dead in the subsequent alleged IAF air strike.

On Friday, the Washington Post reported that Israel and the United States had collaborated on intelligence ahead of the alleged IAF raid.

According to the Post report, Israel informed the US over the summer that North Korean personnel were in Syria in order to assist the country's nuclear weapons program. The intelligence in question reportedly included satellite imagery.

Meanwhile, Newsweek quoted Binyamin Netanyahu adviser Uzi Arad in reference to the Syria operation. "I do know what happened, and when it comes out it will stun everyone," he said.

This article can also be read at http://www.jpost.com /servlet/Satellite?cid=1189411460535&pagename=JPost%2FJPArticle%2FShowFull