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/biz/ - Business & Finance

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54350807 No.54350807 [Reply] [Original]

They pull 300 tons of this shit out of the ground every week why would it ever go up in price lmao

>> No.54350844

>>54350807
Meanwhile ETH is deflating and STILL losing sats.

>> No.54350868

>>54350807
> (((official statistics)))
Price goes up --> Media writes X trillions found in insert african shithole.

I got my goldbars and i can touch then whenever i can. comfy af. Thats real your bullshit is fiction. Anything but metals is bs enjoy being poor goy

>> No.54350885

>>54350807
Alex Jones said they can create it from other materials too like alchemy.

>> No.54350900

>>54350885
this will unironically happen in the next 70 years. But until then you better stack up

>> No.54350906

>>54350885
you can't be this retarded

>> No.54350910

>>54350807
Because demand exceed supply, and it has zero counterparty risk, simple as.

>> No.54350924

>>54350807
the mined 3500 tonnes in 2019 so it can't be more than a dozen tons a day

>> No.54350934

>>54350906
There are plenty of tards out there living really kick ass lives.

>> No.54350949

>>54350885
He, who has a jewish wife (or had, don't know if his new wife is jewish or not), and always protects the jews and never lets anyone talk against them, also been shilling gold (and silver) super heavily since over 20 years ago and if you listened to the Alex Jones Show in 2005 you could hear then him and his gold-shillers saying gold was "actually worth 20k per oz" (and similar shit for silver) and saying a gigapump was imminent, COMEX collapse imminent etc. It's a very old shill narrative.

>> No.54350963
File: 624 KB, 1053x1389, Central_Banks_Buying_Gold_4.png [View same] [iqdb] [saucenao] [google]
54350963

>>54350807
It should be going up with all the demand and buying of it. But it's not, i wa wa wonder.

>> No.54350969

>>54350807
>>54350924
is 300 tons gross weight or net weight? i.e. the weight of the unrefined ore too or only the pure gold?

>> No.54351012

>>54350949
Not surprising at all.

>> No.54351021

>>54350807
The fact that we, as a species, still use gold is honestly just embarassing.

>> No.54351866

>>54351021
As opposed to what, your memecoin or NFTs? It's all arbitrary. If someone dropped a kilo bar of gold in your hands you wouldn't throw it away as worthless, and more than you would if someone just gifted you btc.

>> No.54351904

>>54350885
we can make gold in colliders but its extremely energy intensive and generates a radioactive form of gold. Mining the metal will always be cheaper / easier than making it.

>> No.54351931

>>54350807
Almost all the gold out there today was mined in the last century or so. Its still extremely difficult to locate and extract a gold ore body, and very few new deposits over 10m Ozs have been found in the last decade.

>> No.54351938

>>54351904
Au fission generates energy though. The only true nuclear waste is Fe.
>radioactive
Just wait for it to decay for a half-life or two. If it’s *that* radioactive then it wouldn’t take too long at all. Alternatively: store it in lead containers.

>> No.54352186

>>54351938
were only really capable of converting tiny amounts of material, less than miligrams of material at a time, but it could eventually become viable in a century or so. It might be better for other metals though, gold is a pain to make, tin isnt.

>> No.54352622

>>54350969
It would make no sense to measure gold in the weight of the unrefined ore. It takes something like 2000 tonnes of dirt to get 1oz of gold. After it is processed and refined it is in concentrate form which is roughly 70-80% pure but even then you would only measure total gold weight in .999 purity.

>> No.54354201

>>54350906
Mercury is LITERALLY one atomic weight away from gold

>> No.54354239

>>54354201
the base of every material is exactly the same. you can transform the base in any kind of material. if you have the knowledge. humanity currently does not have it.

>> No.54354247
File: 289 KB, 595x547, based peasant.png [View same] [iqdb] [saucenao] [google]
54354247

>>54350885
>there are still people, in Anno Domini 2023, who are looking for the philosopher's stone

>> No.54354411

>>54350885
It has been demonstrated yes, but it costs 10000 times of the value of created gold

>> No.54354454

>>54354411
I know, I was just being purposefully retarded on purpose.

It was supposed to highlight the idea that if there was such a glut of gold then where are they stashing it all?

>> No.54354479

>>54354454
If you're interested, there is one elemental for which nuclear transmutation is being seriously looked into. It's either rhodium or rhenium

>> No.54354496

>>54354247
one of the most based memes ever made. I know it is many years old but this instant classic must simply be recognized

>> No.54354525

its all a hush-hush international ponzi by indian house wives but they have been at it for so long the entire op is just a 'nod-and-wink' deal, kinda like chaebols in korea.

>> No.54354592

>>54350885
That would jest make gold even less valuable.