gold explained
- Thread starter Big Rig
- Start date
Digging it up so it can be stored in the world's most expensive vaults
What do the aliens think when they see that?
Crazy that a country with gold minerals can get rich by digging it up.
A country that produces food is poor.
WTF? Why can't we come up with a better idea than an economy based on a worthless material ?
What do the aliens think when they see that?
Crazy that a country with gold minerals can get rich by digging it up.
A country that produces food is poor.
WTF? Why can't we come up with a better idea than an economy based on a worthless material ?
Last edited:
<iframe width="560" height="315" src="
" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
All gold on Earth was created during a supernova explosion, (this is also true for the other non-radioactive elements with that highest molecular masses). Some of the remnants of supernovae explosions reached the Earth. It's possible that most of the gold on earth is buried to deep in the Earth's crust, mantle or core to ever be extracted. Many of the heavier elements 'sank' while the Earth was still forming. Their presence is rare near the surface.
In addition to its rarity and its pleasant appearance, gold is highly malleable and ductile, meaning that it can be molded into a number of different shapes, and it doesn't fracture from blunt force, as might a crystalline form of a different element, such as a diamond.
Gold does not react chemically with oxygen, so it doesn't 'rust'. It can also be pounded into a thin sheet only several molecules thick - in that form, it's used on the shield of astronaut's helmets to protect their eyes. They can easily see through the thin film, which also deflects certain wavelengths and intensities of light.
Gold is also resistant to most acids, and it's an excellent conductor of electricity.
All of these factors contribute to its high purchase cost and its value as a commodity which will always be in demand for industrial use in addition to public displays of wealth/ status, or for objects with religious or cultural value.
It's been estimated that the entire amount of gold produced in the entire history of mankind might only fill the volume of a US football field, ten feet deep. That would be about 405,000 cubic feet. It seems like there should be more gold, but most of the gold in use wasn't recently mined. It's the same 'old gold', re-melted and used for different purposes.
In addition to its rarity and its pleasant appearance, gold is highly malleable and ductile, meaning that it can be molded into a number of different shapes, and it doesn't fracture from blunt force, as might a crystalline form of a different element, such as a diamond.
Gold does not react chemically with oxygen, so it doesn't 'rust'. It can also be pounded into a thin sheet only several molecules thick - in that form, it's used on the shield of astronaut's helmets to protect their eyes. They can easily see through the thin film, which also deflects certain wavelengths and intensities of light.
Gold is also resistant to most acids, and it's an excellent conductor of electricity.
All of these factors contribute to its high purchase cost and its value as a commodity which will always be in demand for industrial use in addition to public displays of wealth/ status, or for objects with religious or cultural value.
It's been estimated that the entire amount of gold produced in the entire history of mankind might only fill the volume of a US football field, ten feet deep. That would be about 405,000 cubic feet. It seems like there should be more gold, but most of the gold in use wasn't recently mined. It's the same 'old gold', re-melted and used for different purposes.
Last edited:
Is it all perspective? see below ....
www.youtube.com
and
How Can A Tree Be More Valuable Than Gold? 🌳
Most people don’t know a tree can be worth more than gold… but sandalwood is. In this short video, you’ll see why the perfume industry pays a fortune for its...
www.youtube.com
and
There is apparently enough gold on the planet to cover the land surface with 3 ft of gold, but its deeeep below the surface.
Ten things more expensive than Gold, by mass/ weight.
The current cost to buy gold, as I write this, is $4,192.50, ($US), per Troy Ounce. A Troy ounce is 31.10347680 grams. That works out to $134.06 per gram.
There are likely many narcotics and opioids which would be more expensive, if they were purchased as a single gram at .999 purity. The main price difference would be that there would be no discount for purchasing an 'eight ball', ounce or 'qp' of gold.
The current cost to buy gold, as I write this, is $4,192.50, ($US), per Troy Ounce. A Troy ounce is 31.10347680 grams. That works out to $134.06 per gram.
There are likely many narcotics and opioids which would be more expensive, if they were purchased as a single gram at .999 purity. The main price difference would be that there would be no discount for purchasing an 'eight ball', ounce or 'qp' of gold.
It'll be devalued in no time when we start asteroid mining cause that's where all the good gold is clearly
Asteroid mining was the main plot arc in the second half of season 4 of For All Mankind.
most of it is pretty empty but also navigating it is much more difficult because of the sheer pressure the further you get down
All gold ever mined is worth about 9.4% of all financial assets.
It has always stood as a decent exchangeable asset because of its rarity and durability, and extreme weight which leads to relatively small amounts being measurable in terms of weight, and taking up relatively littlespace.
LOL, lots of things may seem crazy in a modern economy, but there is no accounting for taste.
Paintings, luxury goods, etc etc.
I would think that aliens would think that humans are quite interesting.
