GOLD

[buster]

I did not read the full article. I think they can barely do it, but when it becomes more of a reality it does pose an interesting question about the value of gold.

If gold can be made in a lab, it's no longer scarce, it's just another metal with a price tag. So the store of value just got demoted.

Future seems like crypto.

 

[rijndael]

Diamonds just went through this.

 

[wavinwayne]

I will be glad to take custody of all the now worthless gold.

 

[We're Metals]

I will buy a golden chair.

 

[Vercingetorix]

It only costs 17.56 million dollars to make an ounce.

 

[buster]

"Meanwhile, goldbug Peter Schiff is funding to defund this operation and technology." (sarcasm) LOL

 

[Vercingetorix]

I think investing in perpetual motion machines would be better.

 

[jws555]

Welcome to alchemy.

Regards,
John

 

[Jetronic]

wouldn't you need a fusion reactor to make gold? so not today, but next year?

 

[kschachn]

wouldn't you need a fusion reactor to make gold? so not today, but next year?

Nah, just a particle accelerator or perhaps a fission reactor. But that would take a lot of time and money. Lots and lots and lots.

Plus then you'd want to isolate the stable isotopes from the unstable ones and that would be even more money and time.

 

[Jetronic]

Nah, just a particle accelerator or perhaps a fission reactor. But that would take a lot of time and money. Lots and lots and lots.

Plus then you'd want to isolate the stable isotopes from the unstable ones and that would be even more money and time.

you'd almost think they are looking for investors.....

 

[alarmguy]

Sad I sold my bitcoin for a 40% profit back when it hit $11,000
Now its $118,000
I have a few fragments left over on the scale of someone having left over gold dust. *LOL*
But who knows? If bitcoin hits $1,000,000 I might be more happy.

 

[ARCOgraphite]

Interest piqued in seeing a gold thread, may I be allowed to divert to a slightly different direction?

My widowed cousin (retired) in FLA is struggling with expenses, and can't seem to get her head above water. She is currently working two jobs at age 74.

I recalled I have some estate jewelry and now seeing spot gold at over 3300usd, I have become interested in selling some 14 and 18k chains and diamond rings. My admittedly limited research has shown may "cash for gold" businesses give less the 60% of spot monthly average value.

Other than large local jewelers, is there any other place I should be looking?

p.s.: I am aware of the 14/24 or18/24 intial calc to assess the % of pure Au in a piece. Also I am aware of 31.1 grams per troy oz.

thanks - Arco

 

[ArrestMeRedZ]

I can't comment from experience, but coin shops seem to pay around a 15% mark down on bullion. They would probably pay a lot less for scrap so I'd be careful if you want to take that route.
Selling directly to a refinery might give you the best price. Alternatively, I've had good luck with Bullion Exchanges with other transactions, and their buy back price on bullion bars seems to be very competitive. Their transactions are transparent and they reportedly do take scrap.

 

[JohnnyG]

You should have read the article. I think it lasted less than a second.

 

[kschachn]

You should have read the article. I think it lasted less than a second.

You have to get down to the trading post in a hurry.

 

[buster]

You should have read the article. I think it lasted less than a second.

I read that part. That's why I said it can barely be done/but yeah it's a long shot right now.