Youtuber Crushes 1 Kilo Gold Bar Worth $40k, Hilarity Ensues

[allthingsluxury]

A Youtuber decided to see what happens when a 1 kilo gold bar is crushed with a hydraulic press.

What followed was priceless…

It appears that we have underestimated just how ignorant the general public remains about the intrinsic value of gold. Some of the best reactions include:

This is illegal…you can’t destroy money.
This physically pained me. $40,000…
$40,000. I would rather give it to charity…
He is wasting GOLD!!!!
Who the f*** wastes a $40 grand block of gold like this?! Why waste money?!


Click here to watch this video:

http://goldsilvernews.blogspot.ca/2016/12/youtuber-crushes-1-kilo-gold-bar-worth.html

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[jaceefrost]

Some guy also destroyed a real diamond and isn't that money also? I think it is the same guy because it was also destroyed using a hydraulic. The guy obviously have wierd issu with his hydraulic crushing.

[chesatochi]

At least the gold is not lost forever, the person who shares it can at least transform it back in the gold bar again. Gold is a metal so malleable that it can take any shape as you could imagine.

The jewelry industry make nice design from it

[Lucius]

Really strange thing, why would someone want to do this with gold bar?To test the hardness of gold or to promote hydraulic presses maybe,but in this case I think he just want his five minutes of glory.

Really a shame to destroy so beautiful gold bar,he could send it to someone as a New Year gift

[michkima]

Some guy also destroyed a real diamond and isn't that money also? I think it is the same guy because it was also destroyed using a hydraulic. The guy obviously have wierd issu with his hydraulic crushing.

I would say crushing a gold bar would be extremely different than crushing a diamond. When you crush a gold bar, you can just pick-up the pieces then just melt them again into a gold bar. Easy peasy. Unlike if you crush a diamond, you can do what you did with gold. Diamonds takes hundred/thousands/millions of years to create and crushing one will destroy the value of it (part of it that is). The larger the diamond, the more expensive it is, if you crush it, you get smaller pieces which value less than the large one.

Regards people commenting on the video. Too much ignorant people post a stupid comment on any video. It will never end here or any video for that matter. Those people commenting don't even care to understand what the point of the video is. Fist of all, they would not crush that thing just for laughs (on their side at least). They do it for money too. They have advertisers and sponsors paying for the stupid crushing hydraulic press they have there. And most probably, the gold that was crushed will not be theirs to keep. For sure it will be melted back into a bar and wait to be crushed again.

[piloder]

I don't think that gold bar have even lost 1 gram after this pressing, it was just pressed which may have increased its density but when it will be weighed it will be not less than 1 kilo. NOTHING is lost, this is just a stunt by youtuber to get more subscribers/views  and i think he have taken that gold bar just in rent and now after this he may have return it.  

[European Central Bank]

I certainly would not class a diamond as any type of money.

Try reselling the thing to the guy who sold it to you and see what price you end up with.

It's no more money than a signed hulk hogan lunchbox.

[Doamader]

Dont know if its a problem i have, but im not able to see those video, anyway, what happened to the gold bar i doubt you can make gold disappear, it went into micro gold, and the owner can recover it once again, anyway its sure and crazy to see a person going soo deep to make a test about hydraulic press.

[The Sceptical Chymist]

I don't think that gold bar have even lost 1 gram after this pressing, it was just pressed which may have increased its density but when it will be weighed it will be not less than 1 kilo. NOTHING is lost, this is just a stunt by youtuber to get more subscribers/views  and i think he have taken that gold bar just in rent and now after this he may have return it.  

A hydraulic press isn't going to pack the gold atoms any closer together to create a denser gold..   Lol

People are stupid about science.  Physics and chemistry are usually the last thing students want to study in college.  C'mon,  we all knew this.

[Racey]

Isn't it still worth its weight though, even scrap it would be a good price.
What was the cost of the gold bar, in it's former shape?

[bitjoin]

Isn't it still worth its weight though, even scrap it would be a good price.
What was the cost of the gold bar, in it's former shape?

Its going to be worth just about the same, maybe a slight value loss due to the fact people like a nice bar shape of gold.  If you buy coins for example you end up paying more overall due to paying for design.

[tribanogrami]

This youtuber needs professional help. He must be punished for this

[Rosberger]

Some guy also destroyed a real diamond and isn't that money also? I think it is the same guy because it was also destroyed using a hydraulic. The guy obviously have wierd issu with his hydraulic crushing.

Most likely he does not care about it and I think its pretty cool, I myself would never do this of course because its insane.

[anarchrist]

gold is still gold regardless of its form

[LTU_btc]

Nice clickbait, clicked on a video image and been redirected to blogger site
As I can see, this guy didn't destroyed gold, and it would be hard to do that. This gold only changed form. But why to do that, to get many video views? I think it's pretty stupid. What he will do next - set fire on paper money or use it instead of toilet paper ?

[dihari]

He is not crushed it. He just make a gold bar to be like stone (unshaped).
It's still gold and still valuable.

[BurtW]

This youtuber needs professional help. He must be punished for this

Punished for what?

Idiot.

[Shiroslullaby]

Are people this stupid? They think its no longer worth money because its not in the same shape?
I guess people don't know that the value is based on weight, and that changing its shape has no effect on mass...

Anyways props to these guys for doing this. Its worth it just to troll people. 

[The Sceptical Chymist]

Are people this stupid? They think its no longer worth money because its not in the same shape?
I guess people don't know that the value is based on weight, and that changing its shape has no effect on mass...

Anyways props to these guys for doing this. Its worth it just to troll people. 

Sure, but you know very well that someone would have bought that bar and paid a premium.   There's always a premium if the metal has been assayed.  Crushing it?  You'll get spot price with no premium.   That's my take on it at least.

[MingLee]

Some guy also destroyed a real diamond and isn't that money also? I think it is the same guy because it was also destroyed using a hydraulic. The guy obviously have wierd issu with his hydraulic crushing.

Crushing the diamond is a far bigger loss than crushing the gold bar. The gold bar maintains all of it's value, as long as it is provable, regardless of the shape of it (in this case a very crushed shape). The diamond breaks down and loses a lot of its value because it is now, well, broken, and essentially a ton of smaller diamonds that are cheaper (even though diamonds should be cheap anyways).

Also I hope a lot of the commenters were young, if they were any older than 12 I think there's a serious need for an increase in education.

Get kids off their phones and back into trades classes.