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Originally posted by VoidHawk
I fail to understand how we can know how much gold has been mined. Surely every country in the world that has the ability to mine for gold WILL do so, or am I missing something??
Originally posted by VoidHawk
I fail to understand how we can know how much gold has been mined. Surely every country in the world that has the ability to mine for gold WILL do so, or am I missing something??
Originally posted by Rockpuck
Originally posted by VoidHawk
I fail to understand how we can know how much gold has been mined. Surely every country in the world that has the ability to mine for gold WILL do so, or am I missing something??
Gold has a few properties other metals don't..
1. It doesn't tarnish .. gold mined and smelted thousands of years ago would be just as shiny and pretty today as gold smelted yesterday.
2. Extremely long half life, so Gold in mountains and or mined does not diminish .. it stays pure forever.
3. Exceptionally rare..
So all the Gold ever mined in history is, theoretically, mostly on the surface and in our possession. Gold mines produce a scarce amount of Gold each year.. So .. theoretically the amount mined throughout all of history is extremely small.
Originally posted by HighMaintenance