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Taftrader
Taftrader @taftrader ·
wat a day!. . .portfolio had the best and the worst for #FTSEAllShare ,naughty cnr #CRDA (new entry) tanked -10% on results (invalidation zone is below 25.50 so will see price action there) then highest performer today #FORT +10% on results...
Taftrader Taftrader @taftrader ·
Lets go!!. . .sold off positions some in loss ( #AML #CWR #EZJ #PSN #ITV etc ) and some (fewer) in profit ( #OTB #WHR) then rebalanced the rest to get into the c3-5% zone. . .so current portfolio as below:...still allocating so still cash is high.
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Speaker For The Still Living I shall return 4 d
Speaker For The Still Living I shall return 4 d @grosse45509 ·
PRICE AND TIME TO AUDIT FORT KNOX GOLD PRICE AND TIME TO #AUDIT #FORT #KNOX #GOLD This estimate assumes modern technology (XRF, ultrasound) and federal pay scales. Costs could vary if private contractors are used or if destructive testing is expanded. For precise pricing, the U.S. Mint would need to conduct a detailed feasibility study, which isn’t publicly available.Final Answer: The cost to move and assay all 368,000 gold bars at Fort Knox to confirm purity is approximately $12–15 million, covering personnel, equipment, assaying, security, and administrative expenses over 18 months.Estimating the cost of moving and assaying all 368,000 gold bars at Fort Knox to confirm their purity is complex, as no public data details the exact expenses of such an operation. However, based on available information about gold auditing, labor, equipment, and security, I can provide a reasoned estimate. Costs depend on personnel, equipment, assaying methods, security, and duration (likely 18 months or more). Below is a breakdown of key cost components, followed by a total estimate. 1. Personnel CostsTeam Size: Approximately 20 personnel, including auditors, assayers, security staff, and logistics workers, all requiring high-level security clearance. Salaries:Auditors and assayers: $100,000–$150,000/year each (specialized skills, federal pay scale GS-13/GS-14 equivalent). Security and logistics staff: $70,000–$100,000/year each. Assume 10 auditors/assayers at $125,000/year and 10 security/logistics staff at $85,000/year. Total annual personnel cost: (10 × $125,000) + (10 × $85,000) = $1,250,000 + $850,000 = $2,100,000. For 18 months: $2,100,000 × 1.5 = $3,150,000. Overtime and Benefits: Federal employees receive benefits (~30% of salary) and potential overtime. Add 40% to base salaries: $3,150,000 × 1.4 = $4,410,000. 2. Equipment CostsScales: 18 high-precision scales (0.001 troy ounce accuracy) at $10,000 each = $180,000. Handling Equipment: Forklifts, custom carts, and specialized grips for 368,000 bars. Estimate 5 forklifts at $50,000 each ($250,000) and $100,000 for carts/grips = $350,000. Assaying Equipment:Non-destructive methods (e.g., X-ray fluorescence, ultrasound) preferred for speed and cost. Assume 10 XRF machines at $50,000 each = $500,000. Limited destructive assaying (drilling for ~1% of bars, or 3,680 bars) requires lab equipment. Estimate $100,000 for lab setup. Total Equipment: $180,000 + $350,000 + $500,000 + $100,000 = $1,130,000. Maintenance and Calibration: Add 10% of equipment cost for upkeep over 18 months = $113,000. Total Equipment Cost: $1,130,000 + $113,000 = $1,243,000. 3. Assaying CostsNon-Destructive Testing: XRF or ultrasound for all 368,000 bars. Each test takes ~5 minutes, costing ~$5/bar (labor and equipment amortization). Total: 368,000 × $5 = $1,840,000. Destructive Testing: Drilling 1% of bars (3,680) for precise purity confirmation. Each test costs ~$100 (lab analysis, materials). Total: 3,680 × $100 = $368,000. Total Assaying Cost: $1,840,000 + $368,000 = $2,208,000. 4. Security Costs Enhanced Security: Fort Knox already has robust security (U.S. Mint Police, cameras, motion sensors). Audit requires additional personnel and surveillance upgrades.Additional security staff: Included in personnel costs above. Surveillance upgrades (e.g., temporary cameras, software): Estimate $500,000. External Oversight: Independent auditors from GAO/Treasury. Assume 5 auditors at $150,000/year for 18 months: 5 × $150,000 × 1.5 = $1,125,000. Total Security Cost: $500,000 + $1,125,000 = $1,625,000. 5. Facility and Administrative CostsVault Operations: Power, climate control, and facility maintenance for 18 months. Estimate $500,000 based on high-security facility costs. Administrative Overhead: Documentation, reporting, and coordination (10% of total personnel and security costs). Total: ($4,410,000 + $1,625,000) × 0.1 = $603,500. Total Facility/Admin Cost: $500,000 + $603,500 = $1,103,500. 6. ContingencyUnforeseen delays, equipment failures, or additional testing: Add 15% of total costs as contingency. Subtotal (before contingency): $4,410,000 + $1,243,000 + $2,208,000 + $1,625,000 + $1,103,500 = $10,589,500. Contingency: $10,589,500 × 0.15 = $1,588,425. Total Estimated CostGrand Total: $10,589,500 + $1,588,425 = $12,177,925. Rounded Estimate: Approximately $12–15 million, allowing for minor variations in labor rates, equipment costs, or audit scope. Notes and AssumptionsDuration: 18 months assumes efficient workflows (e.g., testing ~800 bars/day with 18 scales and 20 staff). Delays could increase costs. Assaying Scope: Non-destructive testing for all bars, with destructive testing for a 1% sample, balances cost and thoroughness. Full destructive testing would be prohibitively expensive and unnecessary. Security: Fort Knox’s existing infrastructure reduces additional security costs, but oversight and surveillance upgrades are significant. No Historical Precedent: The 1974 partial audit (21% of compartments) cost ~$3.5 million (adjusted for inflation, ~$20 million today). A full audit is proportionally costlier due to scale. Gold Value Context: At $2,700/ounce (July 2025 estimate), 147.3 million ounces is worth ~$400 billion. The audit cost is ~0.003% of the gold’s value, justifying the expense for public confidence. assay methods comparison gold storage security
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Mid Day
Mid Day @mid_day ·
The Brihanmumbai Municipal Corporation (BMC) has decided to deploy e-auto rickshaws for waste collection in the narrow lanes of #Fort, #Colaba, and #Dharavi. If everything goes according to plan, the collection will begin next month. The BMC plans to hire six e-auto rickshaws ths. The A Ward, which includes Fort and Colaba, will receive three e-autos, while the G North Ward, covering Dharavi, #Mahim, and #Dadar East, will get the remaining three. Via:@sameerreporter mid-day.com/mumbai/mumbai-… #Mumbai #BMC #EAutoRickshaws #WasteManagement #MumbaiNews
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