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Most interesting point is that gold is being "consumed" for the first time.
by victorology 14y ago
Most interesting point is that gold is being "consumed" for the first time.
- InclinedPlane 14y agoWouldn't burying gold in funeral ceremonies classify as consuming as well?
- fauigerzigerk 14y agoI would say no, because the cost of digging it up again is very low and it's going to happen eventually.
- tragomaskhalos 14y agoOne would hope that this is true in Tutankhamun's case; although we cannot compute how many other priceless archaeological treasures have been melted down for their precious metal content.
- _k 14y agoYou're right, some of it gets lost, but where I live there's a company that recycles all kinds of electronic equipment, circuit boards, mobile phones, .... The company's name is Umicore, they recover the gold at a cost that's cheaper than mining companies can. I can't find a source to back up that claim ( I saw a video ) but they get other precious metals out of it as well, which reduces the cost. Some website even sell Umicore gold bars. Although, I wouldn't recommend that you buy those bars, the price per gram is way too much, imo.
- copyninja 14y agoI think this link backs up your claim on what Umicore does http://www.preciousmetals.umicore.com/PMR/ http://www.preciousmetals.umicore.com/PMR/
- joosters 14y agoAnother quite interesting article on gold - http://www.telegraph.co.uk/culture/qi/8667421/QI-Quite-interesting-facts-about-gold.html http://www.telegraph.co.uk/culture/qi/8667421/QI-Quite-inter... - points out that electronic equipment is actually one of the best sources of gold nowdays. One ton of electronic scrap yields more gold than 17 tons of gold ore.
- dasil003 14y ago> One ton of electronic scrap yields more gold than 17 tons of gold ore. Holy shit!