Be aware of ounces (common measure) and Troy ounces (used for precious metals).
Other Tidbits:
...
Gold is 19.32 times heavier than water, silver is 10.49 times heavier (specific gravities)

Good point.
As to which is heavier, gold or water, I refer you to an old riddle: Which weighs more, a pound of feathers or a pound of lead?
Density is different from weight, though things are not always as they appear:

"Which weighs more--a pound of lead or a pound of feathers?" The seemingly naive answer to the familiar riddle is the pound of lead. The correct answer, of course, is that they weigh the same amount. We investigated whether the naive answer to the riddle might have a basis in perception. When blindfolded participants hefted a pound of lead and a pound of feathers each contained in boxes of identical size, shape, and mass, they reported that the box containing the pound of lead felt heavier at a level above chance.

https://pubmed.ncbi.nlm.nih.gov/18265850/

The crime that caught my eye recently was the heist of two million dimes in Philadelphia worth $200,000. It seems such a comical Philly kind of crime to steal dimes: https://amp.theguardian.com/us-news/2023/apr/16/philadelphia-2-million-dimes-stolen
If I were a cop, I’d be searching for someone who purchased a lot of those paper coin rolls recently. I wonder which of the ten thieves has to count and roll them? Also, how sore are their arms from carrying two million dimes? The upside and brilliance: Dimes are such small currency they’re virtually untraceable.

Be aware of ounces (common measure) and Troy ounces (used for precious metals).
Other Tidbits:
12 Troy Ounces of gold make 1 Troy Pound of gold (unlike the usual 16 Oz of peanuts for 1 Lb of peanuts).
1 Troy Oz of gold has 31.1034768 grams of gold (1 Oz of sugar has 28.350 gm of sugar)
1 Tonne = 1,000 KG = 1,000,000 gms = 32,150.7465686 Troy Oz
1 Tola = 0.375 Troy Oz = 11.6638038 gm (definition varies)
Gold is 19.32 times heavier than water, silver is 10.49 times heavier (specific gravities)
1 cubic meter of gold is 19.32 Tonnes
24 Karat gold is 100% pure; 18 Karat gold is 75% pure (100x18/24 %)

1) 7400 oz
2) 462.5 lbs
3) Less
4) 210.23 kg
And the price of gold is approximately $70,399.09 per kg, or 63,999.017 Euros, at today's exchange rate.
More importantly, and certainly of greater interest: Where was @rono when this went down ???

Well, early reports had 3,600 pounds valued at $104 million stolen. That looked like a lot to just walkaway with. New reports of only $14 million worth is probably walkable by some big guys, but still cannot just hide in the pockets.

“…. on the trading day after the dividend pay date.” Appears to disprove my earlier assumption . Well, I’ll use Plan B than and just carry the calculated pay-out as a ”cash” position inside the equity portion of portfolio. It’s significant - and the drawn out process would distort the overall allocation if not factored in.
I’m a bit curious why the lengthy delay between ex-dividend and pay date in this case. Might it be regulatory due to it being an ADR (Europe)? Or is it simply to allow company to have access to the sum for whatever purpose they want to use it for much longer? I own a couple monthly dividend paying CEFs - and that 10-day (interval) figure from Robinhood sounds pretty accurate from what I’ve seen.
Thank you @msf

For you fourth graders out there:
If I steal $14.8 million ($14,800,000) in gold, and
if gold costs $2,000 per ounce,
how many ounces of gold have I stolen?
There are 16 ounces in a pound. How many pounds of gold is that?
There are 2,000 pounds in a ton. Did I steal more or less than a ton of gold?
For extra credit:
There are approximately 2.2 pounds in a kilogram (kg). How many kilograms of gold did I steal?

That's an excellent question, actually two of them. On what day is a non-OEF dividend reinvested and at what time (price) is it reinvested? These questions apply equally to any security continuously priced.
Despite what you would wish, you don't have use of the dividend cash on the ex-date. You have access to that money on the pay date. That's what "pay" means. :-) So whether your brokerage reinvests the dividend for you or you reinvest it manually yourself, that can't happen before you have access to the cash.
As to what price you get on the day you or your brokerage reinvests the dividend, here's what Robinhood has to say (emphasis in original):

When will my dividend be reinvested?
Because of regulatory rules, there’s typically a waiting period of at least 10 days between when a company announces a dividend (the declaration date”) and when this dividend is actually paid out to shareholders (the “pay date”). Dividends will then be reinvested during market hours (9:30 AM to 4 PM ET) on the trading day after the dividend pay date. Because it typically takes some time to process the reinvestment orders, your dividend may not be reinvested right at market open, but you’ll receive a notification letting you know when it is.

https://robinhood.com/us/en/support/articles/dividend-reinvestment/#Whenwillmydividendbereinvested
From Vanguard, a description of the mechanics (emphasis added):

How does the reinvestment program work?
When reinvesting dividends, Vanguard Brokerage Services combines the cash distributions from the accounts of all clients who have requested reinvestment in the same security, and then uses that combined total to purchase additional shares of the security in the open market. Vanguard Brokerage will attempt to purchase the reinvestment shares on the payable date. The new shares are divided proportionately among the clients' accounts, in whole and fractional shares rounded to three decimal places. If the total purchase can't be completed in one trade, clients will receive shares purchased at the weighted average price paid by Vanguard Brokerage Services.

https://investor.vanguard.com/client-benefits/dividend-reinvestment
There's a followup question, implicit in your original: when sources like M* calculate total return (including dividends) of stocks, CEFs, etc., what price do they use as the dividend reinvestment price? I've not seen any writing on this.

Comparisons hiding in plain sight. FDGRX 1024% vs QQQ 687% over 6115 trading days. If you want high octane which I do not. Comparing QQQ not SPY. Not a recommendation.

Some early reports mentioned $104 million worth of gold.
https://www.firstpost.com/world/gold-bars-worth-over-100-million-dollars-stolen-from-canada-airport-12491892.html

"Police in Canada are investigating a brazen heist of nearly C$20m (US$14.8m) in gold and other 'high value' items at Toronto’s Pearson airport."
"Investigators from the Royal Canadian Mounted Police were also looking into the theft, which is one of the largest in Canadian history. The Greater Toronto Airports Authority, citing the “active police investigation”, declined to comment on the theft."
"Goldmines from northern Ontario often ship bullion through the city’s airport, which handles nearly half of the country’s air cargo."
At least Canada's vast maple syrup stockpile wasn't targeted this time!
Link

Larry Summers weighs in on the debt ceiling and the US dollar (among other topics)
on this week's Wall Street Week episode.
We should not be taking hostages and making threats which are counterproductive for everybody.
We do need to have a fundamental conversation about governmental finances.
Mr. Summers would like the key players - President Biden, majority/minority leaders of House/Senate,
to recognize that default is unacceptable.
It's not realistic to think that any meaningful reform will occur when facing debt limit time constraints.
If the US dollar loses it's status as the global reserve currency, it will be the least of our problems.
This will happen only if the US is no longer respected or strong in the world.
Where will people move to?
The Renminbi is not a viable alternative to the US dollar.
As a nation we need to focus on our fundamentals and strategy
and if we're successful the dollar will be ok.
Summers' Segment

@sma3. +100. I live in urban California. My reps are powerless to deal with the crazy crew. And those crazies are beyond reason.

John Rekenthaler wrote a follow-up column for Jeff Ptak's original article.
Voya Corporate Leaders Trust was mentioned and compared to Ptak's "Do Nothing Portfolio."
Rekenthaler's conclusions are:
1) Don’t sweat an index’s details.
2) Worry not about being fashionable.
3) A little diversification goes a long way.
I disagree with his first conclusion although he did state that low costs are a key consideration (I concur) .
Link

Surprise? Not really: "Republicans’ opening bid to avert economic catastrophe by raising the nation’s borrowing limit focuses more on energy policy than reducing debt." For anyone who's awake, it should be a blow to McCarthy et al.'s credibility, providing an opening to discredit their whole narrative. NYT 4/21.

Please find CrossingBridge’s 1Q 2023 Quarterly Commentary: "Tide Pools".
https://blog.crossingbridgefunds.com/blog/q1-2023-commentary-tide-pools
Enjoy and should the Board desire a webinar, I am available. Just contact David Snowball and John Conner ([email protected]) to arrange.

Link:
https://beststocks.com/bar-harbor-bankshares-inc-reports-strong-q1-e/
Declared a dividend, as well.
From the Call:
"...Mr. Simard concluded, “Despite the ongoing macroeconomic uncertainty and potential impacts from a weakened economic condition as elevated inflation levels are tampered, we have positioned the Company for the long-term benefit to our customers and shareholders which has once again enabled us to increase our dividend per share by almost 8%. We are also extremely honored and proud to be recognized by Forbes as one of the “World’s Best Banks” in the first quarter of 2023, based largely on service and trust metrics. Of the 75 U.S.-based banks to make the list, Bar Harbor Bank & Trust is one of only three banks headquartered in Northern New England..."
DIVIDEND DECLARED
The Board of Directors of the Company voted to declare a cash dividend of $0.28 per share to shareholders of record at the close of business on May 16, 2023 payable on June 16, 2023. This dividend equates to a 4.23% annualized yield based on the $26.45 closing share price of the Company’s common stock on March 31, 2023, the last trading day of the first quarter 2023.

Some of my favorite investments date to the 2011 debacle. I've got dry powder cash ready to go.

all sorts of good news, with some clouds as well
https://messaging-custom-newsletters.nytimes.com/template/oakv2?campaign_id=116&emc=edit_pk_20230421&instance_id=90765&nl=paul-krugman&productCode=PK&regi_id=22268089&segment_id=131035&te=1&uri=nyt://newsletter/1a494dd3-0a29-5b48-bb85-1764ebc1918a&user_id=83d45440ead1d14c2a89a1e7221337d1

So much depends on your perspective. These types of investments aren’t intended for everyone. Think of gold as “a hedge against the unexpected.” Almost by definition, “the unexpected” is that which is very unlikely to occur (political chaos, hyperinflation, asteroid strike, nuclear war).
@Jan is correct. Long term, gold shouldn’t perform as well as investments in solid growth companies. That said, precious metals tend to run to the extremes on both the up-side and down-side. As fertile ground for speculators they might be attractive if you have the stomach. If you are unable to find even a 3%-5% spot in your portfolio for that kind of hedge or speculative gambit, no problem. Life goes on.
Yes, I agree, there are obstacles to owning / trading physical gold. I’d not want that hassle. But there are, as I’m sure you are aware, funds that invest in it in various ways. Just $50 on a grocery store visit? I rarely escape for under $150. A halfway decent bottle of single malt runs $40-50 alone.
BTW - The OP was by @rono who has tracked the precious metals forever. Rono’s forgotten more about the metals than most of us ever knew. I tend to agree with his point of view. However, making such predictions about gold involves looking at the technical charts as well as trying to anticipate correctly things like geopolitics, inflation, Federal Reserve policies and how other asset classes that vie for assets will perform going forward. And, Oh I almost forgot …. the herd instincts and behavior of investors.