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Gold/Mining/Energy : Gold Price Monitor

GDXJ 126.27

+3.5%

Jan 12 4:00 PM EST

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To: Tommaso who wrote (2454)	10/25/1997 8:31:00 PM
From: Richnorth	Read Replies (1) of 116853

You wrote "What will really cut the price of gold is a process to remove it from seawater. An effort on the scale of the Manhattan Project could probably do this and cut the cost to $50 an ounce." The extraction of gold from seawater will not be technologically feasible for another 50 years, given the present rate of progress in research for the production of energy by nuclear fusion. Even when the technology becomes available, the energy requirements involved may give rise to a slew of unexpected problems which might necessitate only very limited production of gold from the seawater. IMHO, if an ultra high energy becomes available, scientists and engineers might find it more practical and beneficial to extract from the seawater, heavy hydrogen (deuterium) for use as a pollution-free fuel.

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