Democratic Sentinel, Volume 2, Number 30, Rensselaer, Jasper County, 6 September 1878 — The "World’s Gold. [ARTICLE]

The "World’s Gold.

The entire amount of gol 1 in the world at present is estimated at nearly seven billions ($7,000,000,000) of value iu United States coinage. A thousand millions is more readily comprehended; consequently several thousand millions means more, verbally and financially, than seven bil lions. How much solid gold would that make? Pure gold is more than nineteen times as heavy as water, and a cubic foot of water weighs one thousand ounces avoirdupois. A cubic foot cf gold would weigh therefore, over nineteen thousand ounces avoirdupois, and each such ouuce of fine gold is worth, as we reckon, rather more than $18; so that a cubic foot of the precious metal would have a value of about $333,333. A cubic yard ol geld, beiug twenty-seven limes us much, would be worth over $9,000,003, and seven hundred cubic yards would contain considerably more than the whole sum of gold ou the globe. All of it might be contained in a block some seventeen feet high, twenty-eight feet wide, and fifty-six feet long.