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Gold is not rare, it's a huge lie. I just checked, it's mined at 2,500 tons per year. That's just the discovered gold, and only on our planet. There are enormou
by ye 13y ago
Gold is not rare, it's a huge lie. I just checked, it's mined at 2,500 tons per year. That's just the discovered gold, and only on our planet. There are enormous quantities of gold in the universe. Same goes for many other things that are marketed "rare" - silver, diamonds, other gems.
- TylerE 13y agoYou don't have a clue what you're talking about. Gold is extremely rare, making up under 1 part per billion of the earth's crust. Only 6 elements (ruthenium, palladium, rhenium, iridium, and rhodium) are rarer. Over 1 billion tons of iron are mined each year, to put your figure in comparison. To say that gold is not rare is not just misleading but a bald-faced lie.
- ye 13y agoIt's rare per pound, but it's not limited in any real sense like bitcoin. Gold is mined to the point where 2% of it is added to the traded/stored amounts. It's pretty much guaranteed to lose value. And then there's this coming soon: http://en.wikipedia.org/wiki/Asteroid_mining http://en.wikipedia.org/wiki/Asteroid_mining > Only 6 elements (ruthenium, palladium, rhenium, iridium, and rhodium) are rarer. I think you forgot to count all the truly rare elements on the periodic table past number 90. You know, the ones that decay in hours, minutes, seconds or microsends.