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$1 of gold per phone would mean there's $5 billion interested in getting the gold back out, and if it's easier to get it out of the phones than out of the groun
by jstanley 3y ago
$1 of gold per phone would mean there's $5 billion interested in getting the gold back out, and if it's easier to get it out of the phones than out of the ground, it seems like a no-brainer.
- PUSH_AX 3y agoKind of interesting to think about, it's impossible to net $5b from this endeavour as you have to imagine it will cost between 1c and 99c in manpower/electricity/expenses per phone to do the extracting. But the question is how much.
- iLoveOncall 3y agoExtracting the gold is only one part, you also need to collect the phones, ship them to the plant where the gold is extracted, probably purify it or something like this, and then ship it back out to sell it. There is literally no way that it is worth it at $1 of gold per phone. Not even close.