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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Don Lloyd who wrote (80392)	12/31/2001 3:07:02 PM
From: goldsheet	Read Replies (1) \| Respond to of 116815

Wild guess Total in earth's crust: 7 billion ounces: Geological (nowhere near economic) - 1.5 billion Resources (economic at higher gold) - 700 million Reserves (economic now ) - 500 million Which leaves 4.3B refined over all human history above ground: I'd guess close to half is in bullion - 2 B ounces Maybe 2B in jewelry the rest is coins, electronics, etc...

To: Don Lloyd who wrote (80392)	12/31/2001 3:58:58 PM
From: E. Charters	Read Replies (1) \| Respond to of 116815

Seawater Gold, both dissolved and colloidal, dwarfs all other sources. Fritz Haber, the great inventor of Nitrate synthesis (for explosives etc.. ), was involved with the German gov't trying to come up with an economic means of electrolytically precipitating it to pay off Germany's war debt after WW1. His own estimate, he thought was wrong after trying, as he was unable to get paying quantities. It depends on whether you think there is -- 0.15 cents per cu meter or 15.0 cents gold per cubic meter. Old methods of determination circa 1950 may have only counted the dissolved gold in seater. This is overshadowed by the colloidal component which is very hard to test for in these concentrations. There are 1.016 time 10 to the 17th dollars in Gold in the sea, by the latter figure. Ten thousand-million-million dollars. (10 thousand trillion) Or 1000 times the United State's GNP. We could say roughly 330 trillion ounces, or 11 billion, 600 million tons of gold, avoirdupois. It might be worth going after. Recent developments in carbon precipitation and keyhole esters indicate that extremely small quantities of metals can be profitable taken directly from very weak solutions for payback returns. Doing this on seawater has the advantage of producing large quantities of magnesium and other valuable salts, about every other metal known to man, in addition to gallons of pure water. It all pays well and would probably defray the costs in gold alone. It is no sinecure as a large plant has to be built and margins are guite small. Markets for all products have to be sought. Still it seems to be a good business proposition. Eventually most of our pure water will come from such plants. I know a scientist who has many patents for related processes and is involved in a company that approaches this from the pollutions control angle. Much of the efficacy of these methods was developed in only the last three or less years. EC<:-}