An Ocean of Gold?
Is there an ocean of gold? really? really?
The Earth's oceans hold at least 15,000 tonnes of pure gold flakes? I was very surprised when I discovered that the world's oceans contain gold? What if there was “too much gold”?
For example, maybe the earth is mostly made of “gold” deep inside? What if “heavy elements” deep in its core are “uranium” or gold? What if scientifically “less practical” elements are heavier? What if there was a lot of accessible Gold someplace else in our solar system? For example in the asteroid belt? There is a “minor planet (1/3 the diameter of Pluto?)” called “Ceres“ it is the largest object in the main asteroid belt that lies between the orbits of Mars and Jupiter? What if the Astroid belt contains gold? My friend seriously thinks that “astroid mining” is a “big deal?” According to NASA, the minerals that lie in the belt of asteroids between Mars and Jupiter hold wealth equivalent to a staggering $100 billion for every person on Earth? Are we all rich as “hell”? 100 billion per person. Wait NASA really thinks that there is a 100 billion dollars of wealth per person in the Astroid belt? Lets go get it!?
Inflation is a serious problem. If your we are all billionaires?
So, in every or about (about 10–30 g/km3) of seawater has tiny particles of “gold”? Thank god! According to this study the Atlantic and Pacific have “about the same amount of gold” (terrible?) but the Mediterranean “deep waters” contain slightly higher concentrations of gold (100–150 fem to mol/L)? No wonder?
We most likely are fairly “sure” about what types of elements are on earth. Lets not get too crazy yet about too much gold in the astroid belt? We all know what the earth is made of? For example, we have a lot of sand, dirt, “rocks” and water. However, we also have a surprising amount of Aluminum, Coper, and Magnesium too. But what about gold?
Here are the actual numbers in % of abundance on the surface.
Oxygen = 46.10%
silicon = 28.20%
aluminum = 8.23%
iron = 5.63%
calcium = 4.15%
sodium = 2.36%
magnesium = 2.33%
potassium = 2.09%
The problem is we dont “mine” (need?) these elements in the “same” way as they exist. Here is the order of elements in terms of “tons” mined. (see wikipedia on “Abundance_of_elements_in_Earth”)
Annual # of “tons” of each element mined (each year!?)
iron = 1,150,000,000
sodium = 255,000,000
nitrogen = 140,000,000
sulfur = 69,300,000
aluminum = 57,600,000
magnesium = 27,700,000
chromium = 26,000,000
copper = 19,400,000
manganese = 16,000,000
zinc = 11,900,000
boron = 9,400,000
silicon = 7,200,000
Personally, I was very surprised at how much “silicon” there was… then I found out that “silicon” is another word for “sand”.
So whats the problem? Where is all the gold? We only mine about 3,100 tons of gold each year? And the “other” elements that we usually find gold “with” are other rare elements like “silver” and sometimes with copper, (10x more common then gold and 10000x less common then copper? (% by tons)) this is because Gold sometimes occurs combined with mildly toxic, rare, silver-white metalloid that “smells like garlic?” My brother is a real geologist who was working on his graduate degree and I joked with him once and said.. who is the Police of Gold? Answer? COPPER!? Haha!
The price of something is suppose to change because of “supply and demand”. Is this always true? We see “wild” changes in the price of gold by 40% or more over the period of just one year (for example the price of gold from July of 2010 to February of 2011 or a 40% up jump recently from August of 2018 till today 2020?! The price of gold has gone “wild” or even gone totally nuts??
When inflation rises, the value of currency goes down and therefore the price of gold typically goes up. But by 50% or more? This all assumes that there is not a lot of gold? The price of one ounce of gold use to be about $250 for many many years and today its well above $1500 per once?
Price Changes in Commodities are started to change a lot! Even the price of Milk has dropped to record levels.. for get about the “importance of oil” what about a price drop in “grade A” milk? If in times of inflation? If inflation remains high? The longer the better? Commodity prices should go up? But why the sudden drop in Milk? Is there a “tool” to hedge against inflationary conditions or concerned with a (local) government? This should push gold prices higher? But something seems wrong? With both “cash” and the price of “milk” and the price of “oil” and the price of “gold” that is spelled very similarly to the price of “god”? Are we in an inflationary period or are we “creating a new magic currency” for example “bit coin”?
Understanding the TRUE VALUE in extremely difficult (at least for me). Something just “smells” too good about the Value Securities?
In the future I would like to come up with a “new idea” to measure the “P/E” or “EPS”? Of gold?
On the price oscillator its a little easier to see a (human looking?) pattern? The price oscillator seems to fluctuate around “2.5” as a typical “up %”. As a result of a positive for this “number” (pink line in graph)… we can guess that the “lows would have to be much lower” then the highs to balance a “mid point” that is above “0” (zero). The “True Price” is an imaginary price that is “above” or “positive” for anything where “supply < demand” or “demand > supply” (same thing).
The RSI (is more of a sum of the positives and negative prices) over a period of 6 months. The price oscillator was over 3 months or “1 season = ¼ a year”. The RSI is only helpful to understand “buy and sell points” for gold if the price is “wild”.
Lastly I think we need to rethink about the Theories for the “cost” of mining gold. Clearly if they sold gold for $250 in the 1998’s (late 90’s)… the price for sure SHOULD NOT go up to $2000 per ounce from $250 by 2020? So the “cost” is a “lie”…?
As a "side idea" what is "inflation" if the cost of one ounce of gold has gone from $250 (1995) to $1800 (2020?)
Do we have an ocean of gold? Is everyone a billionaire? And if everyone was a billionaire what really would matter in life?
Hope… for good...!
:)
Asher
The Earth's oceans hold at least 15,000 tonnes of pure gold flakes? I was very surprised when I discovered that the world's oceans contain gold? What if there was “too much gold”?
For example, maybe the earth is mostly made of “gold” deep inside? What if “heavy elements” deep in its core are “uranium” or gold? What if scientifically “less practical” elements are heavier? What if there was a lot of accessible Gold someplace else in our solar system? For example in the asteroid belt? There is a “minor planet (1/3 the diameter of Pluto?)” called “Ceres“ it is the largest object in the main asteroid belt that lies between the orbits of Mars and Jupiter? What if the Astroid belt contains gold? My friend seriously thinks that “astroid mining” is a “big deal?” According to NASA, the minerals that lie in the belt of asteroids between Mars and Jupiter hold wealth equivalent to a staggering $100 billion for every person on Earth? Are we all rich as “hell”? 100 billion per person. Wait NASA really thinks that there is a 100 billion dollars of wealth per person in the Astroid belt? Lets go get it!?
Inflation is a serious problem. If your we are all billionaires?
So, in every or about (about 10–30 g/km3) of seawater has tiny particles of “gold”? Thank god! According to this study the Atlantic and Pacific have “about the same amount of gold” (terrible?) but the Mediterranean “deep waters” contain slightly higher concentrations of gold (100–150 fem to mol/L)? No wonder?
We most likely are fairly “sure” about what types of elements are on earth. Lets not get too crazy yet about too much gold in the astroid belt? We all know what the earth is made of? For example, we have a lot of sand, dirt, “rocks” and water. However, we also have a surprising amount of Aluminum, Coper, and Magnesium too. But what about gold?
Here are the actual numbers in % of abundance on the surface.
Oxygen = 46.10%
silicon = 28.20%
aluminum = 8.23%
iron = 5.63%
calcium = 4.15%
sodium = 2.36%
magnesium = 2.33%
potassium = 2.09%
The problem is we dont “mine” (need?) these elements in the “same” way as they exist. Here is the order of elements in terms of “tons” mined. (see wikipedia on “Abundance_of_elements_in_Earth”)
Annual # of “tons” of each element mined (each year!?)
iron = 1,150,000,000
sodium = 255,000,000
nitrogen = 140,000,000
sulfur = 69,300,000
aluminum = 57,600,000
magnesium = 27,700,000
chromium = 26,000,000
copper = 19,400,000
manganese = 16,000,000
zinc = 11,900,000
boron = 9,400,000
silicon = 7,200,000
Personally, I was very surprised at how much “silicon” there was… then I found out that “silicon” is another word for “sand”.
So whats the problem? Where is all the gold? We only mine about 3,100 tons of gold each year? And the “other” elements that we usually find gold “with” are other rare elements like “silver” and sometimes with copper, (10x more common then gold and 10000x less common then copper? (% by tons)) this is because Gold sometimes occurs combined with mildly toxic, rare, silver-white metalloid that “smells like garlic?” My brother is a real geologist who was working on his graduate degree and I joked with him once and said.. who is the Police of Gold? Answer? COPPER!? Haha!
The price of something is suppose to change because of “supply and demand”. Is this always true? We see “wild” changes in the price of gold by 40% or more over the period of just one year (for example the price of gold from July of 2010 to February of 2011 or a 40% up jump recently from August of 2018 till today 2020?! The price of gold has gone “wild” or even gone totally nuts??
When inflation rises, the value of currency goes down and therefore the price of gold typically goes up. But by 50% or more? This all assumes that there is not a lot of gold? The price of one ounce of gold use to be about $250 for many many years and today its well above $1500 per once?
Price Changes in Commodities are started to change a lot! Even the price of Milk has dropped to record levels.. for get about the “importance of oil” what about a price drop in “grade A” milk? If in times of inflation? If inflation remains high? The longer the better? Commodity prices should go up? But why the sudden drop in Milk? Is there a “tool” to hedge against inflationary conditions or concerned with a (local) government? This should push gold prices higher? But something seems wrong? With both “cash” and the price of “milk” and the price of “oil” and the price of “gold” that is spelled very similarly to the price of “god”? Are we in an inflationary period or are we “creating a new magic currency” for example “bit coin”?
Understanding the TRUE VALUE in extremely difficult (at least for me). Something just “smells” too good about the Value Securities?
In the future I would like to come up with a “new idea” to measure the “P/E” or “EPS”? Of gold?
On the price oscillator its a little easier to see a (human looking?) pattern? The price oscillator seems to fluctuate around “2.5” as a typical “up %”. As a result of a positive for this “number” (pink line in graph)… we can guess that the “lows would have to be much lower” then the highs to balance a “mid point” that is above “0” (zero). The “True Price” is an imaginary price that is “above” or “positive” for anything where “supply < demand” or “demand > supply” (same thing).
The RSI (is more of a sum of the positives and negative prices) over a period of 6 months. The price oscillator was over 3 months or “1 season = ¼ a year”. The RSI is only helpful to understand “buy and sell points” for gold if the price is “wild”.
Lastly I think we need to rethink about the Theories for the “cost” of mining gold. Clearly if they sold gold for $250 in the 1998’s (late 90’s)… the price for sure SHOULD NOT go up to $2000 per ounce from $250 by 2020? So the “cost” is a “lie”…?
As a "side idea" what is "inflation" if the cost of one ounce of gold has gone from $250 (1995) to $1800 (2020?)
Do we have an ocean of gold? Is everyone a billionaire? And if everyone was a billionaire what really would matter in life?
Hope… for good...!
:)
Asher
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คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน