Does our ability to create man made Gold pose a threat to Golds ultimate worth?

[goldangle]

I have been wondering what the long term implications of mans ability to create Gold from more common substances like mercury may be. I realize that at this point it is not efficient but that someday efficiency may increase and this ability may place a cap on the value of natural Gold. I would love to hear the thoughts of others on man made Gold and it's effect on the Gold story.

I would love to know how much you are getting paid for such a stupid enquiry. You are outnumbered, remember that. Both in numbers and in real money. Any more questions? Please direct them to the masses.

[Chump Change]

I don't know about that,... but I know they've made Gold at UC Irvine.

Fixed it...not sure they are continuing their "research" in this field because of the return on their investment...and that part of the country lost a lot of their power generation when they, I believe, intentionally, messed up San Onofre causing it to be closed

[SilverShareHolder]

I would love to know how much you are getting paid for such a stupid enquiry. You are outnumbered, remember that. Both in numbers and in real money. Any more questions? Please direct them to the masses.

WOW, You must be a big hit at parties...Thanks for the laugh.
Why so hostile?
I'm sure at one time people thought man made diamonds and pearls wouldn't be possible and synthetic rubber etc...
Aluminum used to be quite expensive.
Gold can be made at this time, it is prohibitively costly to do so but will that always be the case? That is all i'm asking. And if it can currently be done for a certain cost in "dollars" what is the real cost? What is the cost/value of those dollars? As of now I believe it comes down to the energy input vs Gold output being counter productive.

[Chump Change]

Reminds me of that Twilight Zone episode where these robbers steal some gold and put themselves into a suspended animation state inside a cave for a long while. When they emerge, they fight over the gold they have, kill each other only to have the show end where a couple driving a space age vehicle declare that gold has no value since they learned how to manufacture it

[HardlyPeeved]

If we had very very cheap energy then POG might be at risk.

If we had totally 'free' energy and with little work required to get electricity...then the 'excess' Gold supply, and then POG would go down.


A few ways with cheap or nearly free energy...

1. physical mining Gold would be 'free' so everyone would mine for Gold and find lots of Gold and also the Gold would flood the market. The machines would be expensive, but nearly free energy to run to any length. Wear and tear excluded.

2. making Gold from nearby elements, using massive power and machines, could be done on a nuclear conversion system...but that would take a lot of energy !! Maybe some short duration laser zapper or something...but that takes a lot of energy !!!

3. we could travel to the asteroids and mine all the Gold there.

4. we could travel outside the solar system to find planets with very high Gold mineralization and content.


It is definitely possible. The basis of the movie Aliens is we are out mining asteroids on other star systems in the future. But that requires a lot of cheap energy, massive ships, and massive nuclear power.



Just a note, if energy were that cheap, then very cheap energy and massive computing power might actually impact the new e-currencies...because everyone would be 'mining' coins at home with their massive computers and nearly free energy.


Very cheap energy means we could easily go to the stars (Ion thrusters or Bussard Ramjet)...and then Gold might not be that important...if we could go to the stars like that...e.g. Star Trek.

[Gold Standard]

An enormous understatement.

Indeed. Cyclotrons and other necessary gadgets are not cheap. The electric bill alone will curl your socks.

Otherwise gold is only efficiently produced in supernovas. Again, not a quick and easy method.

[goldangle]

WOW, You must be a big hit at parties...Thanks for the laugh.
Why so hostile?

I've been known to be yes. You're quite welcome. No hostility intended, rather taking someone to task for a ridiculous statement. Plenty of things can be made in this world but elements are elements, atomic structure is atomic structure. It's called Physics my friend. I submit to you anything that is not in the periodic table is merely fools metal. By the way, I have some if you're interested in buying for spot.

Just an after thought. How does one say WOW backwards?

[little hunt bro]

I have been wondering what the long term implications of mans ability to create Gold from more common substances like mercury may be. I realize that at this point it is not efficient but that someday efficiency may increase and this ability may place a cap on the value of natural Gold. I would love to hear the thoughts of others on man made Gold and it's effect on the Gold story.

That's a great thought.

I was wondering about the long term implications of man's abity to create dollars out of paper and ink without any backing whatsoever...up to $100 billion/month. And Euros, Yen, Yuan, Reals, Rupees, etc. I wonder if that could somehow offset what a couple of nerds in white coats around an atom smasher could do to gold....

[Chump Change]

I've been know to be yes. You're quite welcome. Not hostility intended, rather taking someone to task for a ridiculous statement. Plenty of things can be made in this world but elements are elements, atomic structure is atomic structure. It's called Physics my friend. I subject to you anything that is not in the periodic table is merely fools metal. By the way, I have some if you're interested in buying for spot.

Are you saying, gold has not been claimed to have been made?

Check this out:
http://gata.org/node/5272

I also thought it was at Irvine as previously posted...this article states it was done at Livermore. IDK if this is a repeated experiment or what...but don't doubt what you don't know

[SilverShareHolder]

I've been known to be yes. You're quite welcome. No hostility intended, rather taking someone to task for a ridiculous statement. Plenty of things can be made in this world but elements are elements, atomic structure is atomic structure. It's called Physics my friend. I submit to you anything that is not in the periodic table is merely fools metal. By the way, I have some if you're interested in buying for spot.

Mercury can currently be converted to AU using a nuclear reactor or accelerator.