Nearly $440 million in cocaine found floating in the sea

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Originally published at: Nearly $440 million in cocaine found floating in the sea | Boing Boing

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Two tons of coke is nothing to turn your nose up at.

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So the Italian Police claimed maritime salvage rights?

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Is two tons really worth $450 billion? I think your math is way off. Two tons is ~2,000,000 grams. I could see it being a couple hundred million dollars, but this is a factor of a thousand too high.
Furthermore, this isn’t street goods, this is deep wholesale that’s not even in the target country yet. Its value has to be much lower yet. Perhaps 20 to 50 million?

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They’re going for the retro thing. “We found a bag of weed, what they call an ‘oz’; street value sixteen thousand dollars” (dollar amount calculated assuming you roll 1,000 ‘doobees’ and charge people $4,000 per ‘toke’)

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SOMEONE’S NOT having a good day.

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I wonder if CNN had the error at first and fixed it. Current headline “Cocaine worth nearly $440 million found floating in the sea off Italy”

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Could be… @orenwolf - looks like the headline might need correcting!

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Sicily may be about to have a euphoric dolphin problem.

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Street value in Italy is about $92 a gram, accoriding to the UN Office of Drugs and Crime
. That puts two tons at about $167 million - nothing to, er, sneeze at, but not in the billions.

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Yeah, that’s a ridiculous number. More like $180 million at $100 per gram. Even if you were to cut the hell out of it I sill don’t see how it’s worth more than $1 billion.

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Coming down from Cocaine Bear, I’m hoping Elizabeth Banks is not eyeing an opportunity here for the cash grab - Cocaine Porpoise. You better have some thick board shorts boys, because these little bastards are about to get frisky.

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$450B. That’s nothing to sniff at.

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For context, the entire gross domestic product of Colombia is only around 315 Billion dollars.

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Upgrading from signaling lights to GPS transponders or IR beacons and night vision goggles: maybe $1000.

Not being responsible for losing tons of coke: priceless.

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Coming to a theater near you: Cocaine Shark, followed by Cocaine Dolphin. Hey, we’re just giving the people what they want to see.

Also, this is the street value, not the cost of production.

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So that’s why it’s called a “blow hole.”

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Which ever number is correct, it is good to see that we are winning the War on Drugs /s

Maybe the $450 million/billion price tag includes the money wasted on the policing effort? :smile::+1:

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Does the cocaine show up in Colombia’s annual GDP report?

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