4um: What is all the Gold, Silver,and Platinum on Earth worth?

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Title: What is all the Gold, Silver,and Platinum on Earth worth?
Source: YouTube and the History Channel
URL Source: http://www.youtube.com/watch?v=Oz_oRrn9XjY
Published: Apr 14, 2014
Author: johnb41984
Post Date: 2014-04-14 13:48:09 by GreyLmist
Keywords: Precious Metals, Resources, Commodities, Nevada
Views: 87
Comments: 17

10 minute video. From the Description section:

All the gold ever mined and all the gold still in the Earth is worth over 12 trillion dollars. At today's price at around $1650 that is over 7.4 billion ounces.
All the silver is worth 522 billion dollars. At around $31 and ounce that is 16 billion ounces.
All the platinum is worth almost two trillion dollars which is around 1.2 billion ounces.
That makes all the Gold, Silver, and Platinum on Earth worth almost 15 trillion dollars.
Poster Comment:
In other words, not enough to zero out America's supposed debts even if we had all of those precious metals ever mined; and India has far more gold we do. China and Australia are the world's biggest gold producers. In America, Nevada and Alaska are the biggest gold mining States. Large silver mines in Mexico, Peru and China. South Africa, Russia and the U.S. have the most platinum. Seems that there would be a high risk of foreign dependancy on gold and silver for America to rely heavily on those metal standards presently as currency backing.
Full length video (89 minutes) available for viewing at:
What's the Earth Worth? Full Episode - HISTORY Specials - HISTORY.com
Indicates that we're better situated financially in timber and cattle.
Nevada gold...cattle there rustling in the news currently...just noting those convergence points of interest, imo.
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#1. To: GreyLmist (#0)
If you remember the movie, "Cowboys and Aliens", you will recall that the aliens thought that gold was a very rare substance. ;)
"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke
BTP Holdings posted on 2014-04-14 16:53:08 ET Reply Trace Private Reply
#2. To: GreyLmist (#0)
I've done a little studying on the accessibility of gold molecules in the oceans.
It's intriguing to contemplate how that extraction process will develop.
It's the bankers fault !
Buzzard posted on 2014-04-14 19:59:05 ET Reply Trace Private Reply
#3. To: Buzzard (#2)
However it goes, Au will always be the most valuable mineral out there, imo.
“The most dangerous man to any government is the man who is able to think things out... without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable.” ~ H. L. Mencken
Lod posted on 2014-04-14 20:15:27 ET Reply Trace Private Reply
#4. To: Lod (#3) (Edited)
I wrote a sci-fi story when I was 12 or 13 about aliens from Vega system or something coming to Earth to trade their gold for sugary carbonated beverages. No one caught on to te fact that they were just here for the water, and on their planet gold was as plentiful as iron is on ours.
I got an F, and the teacher sent me to the Principal's office for denigrating non-caucasians or something.
corruptissima re publica plurimae leges - Tacitus
Dakmar posted on 2014-04-14 20:33:15 ET Reply Trace Private Reply
#5. To: Dakmar (#4)
Sounds great, so much for .gov schools.
“The most dangerous man to any government is the man who is able to think things out... without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable.” ~ H. L. Mencken
Lod posted on 2014-04-15 18:01:31 ET Reply Trace Private Reply
#6. To: GreyLmist (#0)
The oceans and floor of the oceans contain far more gold than was ever mined. However, it costs more to obtain than it is worth.

Most of the earth's gold is in the core, trillions of tons, but impossible to get to. By spending $billions we might be able to drill 10 miles deep but it would be impossible to drill 20 miles deep, let alone 4,000 miles to reach the gold.

There is evidence that since the gold sank to the core when the earth was so hot it was a liquid, the gold found in the crust came billions of years ago when the earth was bombarded by meters and asteroids. In the future, mining asteroids may be an inexpensive way to obtain huge quantities of gold--perhaps enough to devalue gold.

DWornock posted on 2014-04-16 23:05:13 ET Reply Trace Private Reply
#7. To: BTP Holdings (#1)
If you remember the movie, "Cowboys and Aliens", you will recall that the aliens thought that gold was a very rare substance. ;)

I didn't see that movie but looked it up at Wikipedia and watched a short trailer at YouTube, since you mentioned it. If that's what they thought, I'd have to guess they weren't superior to humans in Chemistry.
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"They're on our left, they're on our right, they're in front of us, they're behind us...they can't get away this time." -- Col. Puller, USMC
GreyLmist posted on 2014-04-19 8:54:46 ET Reply Trace Private Reply
#8. To: Buzzard (#2)
I've done a little studying on the accessibility of gold molecules in the oceans.
It's intriguing to contemplate how that extraction process will develop.

Does it involve desalination machines? I think I might have read something about that somewhere re: Israel and Palestine's freshwater issues.
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"They're on our left, they're on our right, they're in front of us, they're behind us...they can't get away this time." -- Col. Puller, USMC
GreyLmist posted on 2014-04-19 9:09:16 ET Reply Trace Private Reply
#9. To: Dakmar (#4)
I wrote a sci-fi story when I was 12 or 13 about aliens from Vega system or something coming to Earth to trade their gold for sugary carbonated beverages. No one caught on to te fact that they were just here for the water, and on their planet gold was as plentiful as iron is on ours.
I got an F, and the teacher sent me to the Principal's office for denigrating non-caucasians or something.

Sounds way more interesting to me than "Cowboys and Aliens" fighting over gold. Our Education System is in a dismal state and it's "teachers" like that who ought to be sent to the Principal's Office for a stern talking to...or maybe here:
N-Sync | MythBusters

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"They're on our left, they're on our right, they're in front of us, they're behind us...they can't get away this time." -- Col. Puller, USMC
GreyLmist posted on 2014-04-19 10:31:00 ET Reply Trace Private Reply
#10. To: DWornock (#6)
The oceans and floor of the oceans contain far more gold than was ever mined. However, it costs more to obtain than it is worth.
Most of the earth's gold is in the core, trillions of tons, but impossible to get to. By spending $billions we might be able to drill 10 miles deep but it would be impossible to drill 20 miles deep, let alone 4,000 miles to reach the gold.
There is evidence that since the gold sank to the core when the earth was so hot it was a liquid, the gold found in the crust came billions of years ago when the earth was bombarded by meters and asteroids. In the future, mining asteroids may be an inexpensive way to obtain huge quantities of gold--perhaps enough to devalue gold.

I don't know how you can be very sure of all that but it seems to me that it would take astronomically huge quantities of asteroids and meteors to make that much gold. If it's infeasible to obtain gold needed for societal benefit, don't you think it's the delapidated financial system that's the problem obstructing our way forward more than where the gold is located? I certainly do.
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"They're on our left, they're on our right, they're in front of us, they're behind us...they can't get away this time." -- Col. Puller, USMC
GreyLmist posted on 2014-04-19 11:04:55 ET Reply Trace Private Reply
#11. To: GreyLmist (#9)
Our Education System is in a dismal state and it's "teachers" like that who ought to be sent to the Principal's Office for a stern talking to

Our education system needs a complete overhaul. It is in worse shape than it was when I was a kid. ;)
"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke
BTP Holdings posted on 2014-04-19 11:10:31 ET Reply Trace Private Reply
#12. To: Lod (#3)
However it goes, Au will always be the most valuable mineral out there, imo.

Reverberates quite a bit like something King Midas would say. O_o
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"They're on our left, they're on our right, they're in front of us, they're behind us...they can't get away this time." -- Col. Puller, USMC
GreyLmist posted on 2014-04-19 11:16:02 ET Reply Trace Private Reply
#13. To: GreyLmist (#10)
don't you think it's the delapidated financial system that's the problem obstructing our way forward more than where the gold is located?

The financial system is in such deplorable state that I've heard there is a new currency combination on the burner to be introduced in the near future. As it now stands, FRNs are worth only half of what they were 20 years ago, and the value keeps declining. The printing press is not the way to keep liquidity in a state of use that we can be proud of any longer. ;)
"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke
BTP Holdings posted on 2014-04-19 11:16:13 ET Reply Trace Private Reply
#14. To: BTP Holdings (#11)
Our education system needs a complete overhaul. It is in worse shape than it was when I was a kid. ;)

Yes, it has been steadily going from bad to worse. I totally agree. Am recommending Ron Paul's homeschooling alternative while I'm here.
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"They're on our left, they're on our right, they're in front of us, they're behind us...they can't get away this time." -- Col. Puller, USMC
GreyLmist posted on 2014-04-19 11:20:45 ET Reply Trace Private Reply
#15. To: BTP Holdings (#13)
The financial system is in such deplorable state that I've heard there is a new currency combination on the burner to be introduced in the near future. As it now stands, FRNs are worth only half of what they were 20 years ago, and the value keeps declining. The printing press is not the way to keep liquidity in a state of use that we can be proud of any longer. ;)

I vote to give all the FRNs back to the bankers and then use a better currency system that isn't so ridiculously unsound.
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"They're on our left, they're on our right, they're in front of us, they're behind us...they can't get away this time." -- Col. Puller, USMC
GreyLmist posted on 2014-04-19 11:28:56 ET Reply Trace Private Reply
#16. To: GreyLmist (#15)
I vote to give all the FRNs back to the bankers and then use a better currency system that isn't so ridiculously unsound.

There was the Liberty Dollar, which was backed by real gold and silver. But they got run out of business by the FED. What else can we choose? There was a local currency out east called Ithaca Hours. It was valued by the number of hours your would put in on your job. Far as I know, it is still in use. ;)
"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke
BTP Holdings posted on 2014-04-19 12:00:49 ET Reply Trace Private Reply
#17. To: GreyLmist (#10)
In any liquid the heavier elements and compounds settle to the bottom and there are a number of website that indicate the amount of gold in earth's core. I'm not certain how that is determined but perhaps by analyzing the percent of gold in meteorites and using that percentage to determine the amount of gold in the earth's core.

There was astronomical quantities of asteroids and meteors that hit the earth. You only have to look at the moon to see that. There is plenty gold already mined ($5 to $7 trillion) to provide a 100% gold backed currency and for any other uses since most gold is in storage as jewelry, coins, and bars.

People all over the world are looking for ways to find, mind, and extract gold so our financial system would have little effect on that.

DWornock posted on 2014-04-19 18:34:25 ET Reply Trace Private Reply
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