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Author Topic: GOLD can now be made in laboratories and what it means for bitcoins  (Read 3330 times)
DynamicDK
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May 02, 2014, 11:53:33 PM
 #41

LOL!  Cheesy

I need only a battery to turn gold chloride into gold, there are galvanisation kits for children...

LENR synthetic gold is a thread (see my thread in speculation) but not this

in some countries kinder eggs (chocolate egg with a toy inside) are banned. So are you telling me while banning chocolate eggs for safety concerns, they are also allowing kids to play with car batteries and toxic waste?

(i mean this as a sarcastic joke, no rebuttle is required)

It depends on the country. In the US kids can have guns, in Germany no one can, so US kids are more mature than German adults.

The German kids are allowed to play with chemicals, as long as those are not dangerous to politicians. Here you go.

http://www.amazon.de/Dieters-Holzspielzeug-Experimente-Galvanisieren-Verkupfern/dp/B0045QTYAW

Hey, that's pretty cool!  I want to get that for my son, when he gets a bit older. 

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May 03, 2014, 05:30:56 AM
 #42

alright, i'll confess i got too excited and could have picked a better topic name.

ok
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May 03, 2014, 05:34:36 AM
 #43

Oh yeah, I got distracted by the horrible butchering of physical, and chemical, laws here, so I didn't even post what I wanted to.  Gold is not going to be devalued by being created, because we are not going to produce gold in significant quantities at any point in the foreseeable future.

However, gold will likely be devalued by a huge influx of supply anyway.  This supply will come from asteroids.  Google, James Cameron, and many other billionaires\100+ millionaires, have been investing in companies that are developing the technology, and making plans, to capture, and mine, asteroids.

For example, 241 Germania is an asteroid that contains enough resources (in the form of various metals, minerals, water, etc.) that it could be worth $50-100 TRILLION if fully mined.  But, that is a very large asteroid, and very far away, so probably not one anyone will mess with anytime soon.  Instead, they would likely go for small asteroids that are very near us.  Many of those have $50-100 Billion worth of platinum and gold.

Here's the thing. The cost of mining an asteroid is going to be extremely expensive. So it's not like they found a way to get gold for $50 an oz. If it costs $1000 / oz to mine the gold, it'll still be profitable to mine it and sell it at current market prices, but it's not like they're going to be dumping it on the market super cheap.
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