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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: orkrious who wrote (289247)	6/20/2004 2:44:03 PM
From: maceng2	Respond to of 436258

Thanks for the update. I have used cyanide in industrial electroplating applications. It's just one of many materials that need special control to protect us and the environment. I liked reading this excerpt though. The USA government is being blamed for not selling it's gold reserves fast enough -lol- serconline.org Q. Does society require we use cyanide to supply gold? A. Probably not. Potential cyanide-mining substitutes aside, we may not need to use cyanide in gold mining simply because there are already enormous supplies of gold, already mined and refined, above ground in reserve banks (like the Federal Reserve in the U.S.). Reserve banks and international financial institutions store more than 34,000 tons of gold as currency reserves, an amount equivalent to nearly one-quarter of all gold ever mined. A dollar used to be redeemable for a dollar’s worth of gold. That is no longer the case now; gold reserves are an anachronism of a past era. Meanwhile, 34,000 tons of gold could satisfy current global demand for 8 years. (85% of the gold demand is for jewelry, only 12% for industry.) Moreover, by holding these gold reserves, central banks are costing taxpayers money. The U.S., the world’s largest holder of gold reserves, has lost $215 billion since 1980 due to plummeting gold prices, and we stand to lose more if other governments sell their gold reserves first, which is already happening. Reserve banks in the Netherlands, Switzerland, the UK, and Australia have already sold or decided to sell significant portions of their gold reserves. yep that yellow stuff is just soooooooooo worthless -g- /edit. The USD is backed up by the "precious metals" plutonium and uranium. I prefer silver and gold cyanide rather then the use of those metals though.