Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Creating gold with low cost in future?
>
Reply to Thread
Message:
<p>[QUOTE="-jeffB, post: 24699634, member: 27832"]Gold doesn't predate <i>fire</i>. I wouldn't be surprised if some of the very earliest exchanges of "gold for value" were to secure a warm place to sleep.</p><p><br /></p><p>Think about all the millions of ounces of gold (equivalent) that are being spent annually on fusion research. The fuel for fusion (tritium) currently costs tens of thousands of dollars <i>per gram</i>; full-scale cyclic production would likely bring that down to single-digit thousands of dollars <i>per gram</i>, tens of times more expensive than gold itself -- but it would be profitable to <i>burn it as fuel</i>, because the amount of energy you get is more valuable than the amount of tritium you burn.</p><p><br /></p><p>"Making" gold would run that process in reverse. Even if you could drive the process with perfect efficiency (which isn't possible), you'd be spending millions or billions of dollars worth of energy to produce thousands of dollars worth of gold.</p><p><br /></p><p>If we suddenly find a way to drop the price of energy by a factor of a thousand or a million, you'd get <i>much</i> better ROI by launching a large mining concern to a metal-rich asteroid and setting up full-scale extraction. That's not happening in our lifetimes, either, more's the pity.[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 24699634, member: 27832"]Gold doesn't predate [I]fire[/I]. I wouldn't be surprised if some of the very earliest exchanges of "gold for value" were to secure a warm place to sleep. Think about all the millions of ounces of gold (equivalent) that are being spent annually on fusion research. The fuel for fusion (tritium) currently costs tens of thousands of dollars [I]per gram[/I]; full-scale cyclic production would likely bring that down to single-digit thousands of dollars [I]per gram[/I], tens of times more expensive than gold itself -- but it would be profitable to [I]burn it as fuel[/I], because the amount of energy you get is more valuable than the amount of tritium you burn. "Making" gold would run that process in reverse. Even if you could drive the process with perfect efficiency (which isn't possible), you'd be spending millions or billions of dollars worth of energy to produce thousands of dollars worth of gold. If we suddenly find a way to drop the price of energy by a factor of a thousand or a million, you'd get [I]much[/I] better ROI by launching a large mining concern to a metal-rich asteroid and setting up full-scale extraction. That's not happening in our lifetimes, either, more's the pity.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Creating gold with low cost in future?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...