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In Hong Kong 1 kilo bars are very popular. From the article: acquired $30 million in one-kilogram gold bars from Metalor Technologies
by 21 11y ago
In Hong Kong 1 kilo bars are very popular.
From the article:
acquired $30 million in one-kilogram gold bars from Metalor Technologies
- nxzero 11y agoI have one-kilo as being 35.27-ounces - and an ounce of gold costing roughly $1000 USD. If true, 30 million worth of gold in one-kilo bars would be 850 bars; meaning a lot appear to be missing. Also, 342 one-kilo bars at $1000 USD an once appears to be worth $1.2 million, not $2 million. Possible math/logic is flawed, or I'm missing something, but often found people say numbers that if hashed out don't add up.
- awqrre 11y agoCould be 342 bars of different weights... you can buy a 1 gram bar for example... possibly can buy bars of >1kg too. I know I would do it this way to make later trading easier.
- nxzero 11y agoIt "could" be a sign of factually conflicts, a lack of fact checking, etc. Just pointing it out, maybe the author will add some clarification; since I assume the did fact checking based on their mentioning that the did on sources, evidence, etc.
- jonknee 11y agoGold price is variable, it got very close to $2,000 an ounce in 2011.
- SolarNet 11y agoHe also had other assets like gems.