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To: Hawkmoon who wrote (87971)	9/3/2007 4:04:39 PM
From: Tommaso	Respond to of 306849

>>>Gold is no sanctuary of financial safety if someone suddenly strikes a tremendously large new vein of it.<<< There actually is a price at which it becomes economically feasible to extract gold from seawater, but I forget what it is. There are reports of Dow Chemical spending $50,000 at one point to produce a very small amount of gold from seawater. Researching this issue is kind of like researching magic pills to improve gasoline mileage. Here's one estimate: "Gold is actually a very common element. According to an article that I read several years ago, each cubic mile of seawater contains an average of about 70 ounces of gold, and it is probable that the earth's crust and mantle contain similar amounts, although this has never been measured. The cost of refining is what keeps the price high; to refine an ounce of gold from seawater would cost several thousand dollars." marketocracy.com