There is some suggestion that the U.S. Government could issue platinum trillion dollar coins to cover the debt. It would probably be a fiction since a trillion dollars worth of platinum would weigh 40,207,619 pounds or 20,135 tons (at $1552 an ounce). My math may be off a bit (I may have missed a zero and I did not convert to Troy ounces). But let's just agree it would weight a lot. I am positive the U.S. Government does not have even close that much platinum anyway (probably all the gold in Fort Knox is not close to that value).
Update: There may not be that much platinum in the world (although it is very heavy). No one is really sure how much gold is in Fort Knox or U.S. Government hands. All the gold ever mined in human history would fit in two Olympic sized swimming pools. All the platinum ever mined in human history would fit in an averaged sized living room. So why is gold more expensive now than platinum? Gold looks better?
Update:
And the left is blaming Boehner and GWB for this? WTF? How about blaming Barack Obama who is friggin proposing this Weimar-esque scheme?
Anyway, here is my suggestion for the design of such a coin:
And platinum is heavy. About twice as heavy as gold. Here is what a kilo (2.2 lbs) of platinum looks like:
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| A little bigger than actual scale |
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