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Bling Came From Space: Earth's Gold And Platinum Arrived In A Meteor Shower That Lasted 200Million Years

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All the world's gold and platinum ore came from outer space after a mammoth meteorite shower battered the Earth more than four billion years ago, scientists revealed today.

Researchers also discovered there is enough gold and platinum in the Earth's core to plate the surface of the globe with a layer of priceless bling four metres thick.

These huge gold deposits appeared during the Earth's formation when molten iron sank to its centre, dragging with it vast quantities of precious metals.

Looks like we need to start mining space.

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Mining the core would be an idea. Maybe we can cool it then drill it to oblivion.

I guess this throws out the figures that gold and plainum reserves are very very small

"That means that if you could somehow gather every scrap of gold that man has ever mined into one place, you could only build about one-third of the Washington Monument. "

"all of the platinum in the world would fit in a cube that is 6.3 meters (about 20 feet) on a side"

From a website

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Not really, unless you have a plan for mining the earth's core and extracting gold at anything like sensible prices. The gold might just as well be on Mars.

I agree, it might as well be on Mars! I'm sure there is some gold in the core, but there's no way to get it out, and the cost of doing so would mean a journey to Mars might be easier...

Gold and PM's, short supply = perfect real money, which RETAINS value. :) Made in Supernovas billions of years ago.

The chemistry set is here;

Wonders of the Universe.

The PM's certainly weren't made here! But in the death of distant Giant stars.

Edited by Noginthenog
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Someone mentioned that the Large Hadrion Collider might be capable of making gold.... someone (on GEI I think) said that Gold would have to be priced at 100,000 dollars an ounce to make it worthwhile.

Well Ive read a theory that gold is already prices at 100,000.00 per ounce to the banks. And if it were revalued at that America wouldnt be bankrupt

Let's say we use our pile of gold to try to recreate a new dollar. It's kind of difficult to comprehend, specifically because the value of a dollar is so ingraned in our thinking, and the value of gold is not.

That 8000 tonnes is 256 million ounces. Thus, we can have a maximum of 5.12 Billion 1/20 ounce parts we can divide the hoard into. (At $20 per ounce) That's if we assume gold trades around the world in the value of OUR currency. But after a dollar collapse, I don't think we could get the world to trust us again, do you? But, $5.12 Billion is in the form of dollars that are so much more valuable, we can't think about that. So let's value gold at $300 per ounce, and see how many dollars our 8000 tonnes can make. Ok, it's a simple (x 15) more, so our gold hoard would make $76.8 Billion of today's dollars to go around.

Since our leaders tell us we have a "surplus" of about that today, shouldn't we be spending that much money adding to our nation's gold reserves each year?

One can only hope! 8-)

The best case scenerio, that I see, is that the U.S. starts to buy up as much gold as it possibly can, so that the dollar does not fall further than $50,000 per ounce of gold. Maybe it will fall to somewhere between $10,000 and $30,000. --again, this assumes that there are only 14 Trillion in dollars out there, and that we massively increase our gold reserves, both bad assumptions. The problem is, that this is still too few dollars to pay off all debts, both public and private, which is what legal tender is supposed to be able to do. --It says it right there on our Federal Reserve Notes, right?

So, lets just stick with debt, 6 trillion Federal, 22 Trillion private, 28 Trillion total debt...

28 trillion/256 million = $109,375 dollars per ounce.

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  • 429 Brexit, House prices and Summer 2020

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