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A vessel with a nine-person crew and 700 tons of gold ore onboard has gone missing in stormy seas off Russia's Pacific Coast
The company said it has shipped ore via that route before, and there was nothing unusual in shipping it by the sea.
Originally posted by smurfy
Originally posted by Skywatcher2011
Originally posted by RoScoLaz
700 tons of ore only yields about 140 ounces of gold so, although not to be sniffed at, the loss isn't catastrophic.
That's a blunt statement...where did you find this information out? Please cite your source. Thanks.
That's the same information I have, although that is for more marginal mines, the yields are all in the order of grammes per ton/tonne/US short ton.
As for the metal gold, it has mainly a scrap value. I don't think there is any big conspiracy surrounding gold, people buy it up for bullion when people want to sell it, it's as simple as that. Anyone can do it. Gold artifacts may have a residual value for a buyer for all sorts of obvious reasons, same as a Harley from the 30's.
According to the link, the ore was being moved for extraction of the metal elsewhere. There is a figure of $12 cost per ton of ore for extraction thrown about, I don't know if that is an average figure, or an actual charge.edit on 29-10-2012 by smurfy because: Text.
Originally posted by IntelRetard
A far out idea would be that someone not of this world is demanding gold. On the other hand gold prices are sky high like every other bubble in the last 20 years or so. It's demand and greed.
1) the article doesn't state specifically 'GOLD' but 'Gold Ore' .. now.. call me crazy but, if I were a company that had this much 'gold ore' would there NOT be a hefty security escourt with this ??!
700 tons of ore only yields about 140 ounces of gold so, although not to be sniffed at, the loss isn't catastrophic.
Originally posted by Bluemoonsine
reply to post by RoScoLaz
700 tons of ore only yields about 140 ounces of gold so, although not to be sniffed at, the loss isn't catastrophic.
What!
You on a pharma regimen? Just say No. k?
1 ton equals 2000 pounds. 2000 pounds X 16 (ounces per pound)= 32,000 Ounces of gold.
700 tons X 2000 pounds= 1,400,000 pounds.
1,400,000 X (16 ounces per pound) = 22,400,000 Million Ounces of Gold
22,400,000 X 1713 (spot price per ounce of gold) = $ 38,371,200,000 BILLION
That's 38 Billion 371 Million 200, 000 dole-ars.
noedit on 30-10-2012 by Bluemoonsine because: (no reason given)
700 ton [short, US] = 22 400 000 ounce
1 ounce of gold = approx $USD 1,700.00
Typically 5 grams of gold is obtained per 1 Troy ton of gold order
3500 grams of gold which equates to approx. 123 ounces
So about USD$ 210, 000.00 worth of gold was lost, plus the ship, plus the crew.
Originally posted by Pervius
America helped Russia with hardware during WWII. After the war Russia sent an entire ship full of gold and silver to America to repay their debt. The ship was sent off to America. America said it never arrived.
So Russia had to grind its people down to get the resources to pay America again. Killing millions of their own getting it done.
Last year the ship was found under the Atlantic. She was empty. Appears it did port in America and was torpedoed after she left port empty.
Anyone think the Russians are thinking we got one of their gold shipments again??