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re: Modern-day alchemy! Scientists turn lead into gold at the Large Hadron Collider
Posted on 5/17/25 at 9:33 am to Darth_Vader
Posted on 5/17/25 at 9:33 am to Darth_Vader
quote:
think about what that means.
Now you see the supreme advantage of bitcoin and blockchain.
0
Posted on 5/17/25 at 9:36 am to Obtuse1
Electrons are crazy little frickers at the quantum level.
Posted on 5/17/25 at 9:37 am to Breesus
quote:
Now the war machine stars turning. In the fields the bodies burning. Death and hatred to mankind. Poisoning their brainwashed minds.
Queue the Rage
Posted on 5/17/25 at 9:41 am to Darth_Vader
We were cultivated here by the gods to produce gold. Mission accomplished. Game over.
Posted on 5/17/25 at 9:51 am to cbree88
quote:
What do you mean by this? Most nations of the world abandoned the gold standard decades ago if that’s what you’re referring to.
I’m not saying countries base their currency on the gold standard. What I am saying, is that gold still constitutes a not insignificant amount of overall global wealth. According to Credit Suisse, the total value of gold assets on the planet are worth north of $256 trillion US dollars….
quote:
What we will examine below is gold (and silver’s) share of global wealth today. Credit Suisse estimates total world wealth in terms of US dollars to be $256 trillion. This estimation does not take into account exotic derivatives whose size and scale dwarf even the aforementioned figure.
LINK
And while countries don’t base their currency value on gold, there are still enough people and corporations who have significant investments in gold, that if it were to lose its value, the result would be economic chaos for many. What effect on the overall global economy it would have, I cannot say. But I’d imagine wiping out over $250 trillion in global assets would not be good.
This post was edited on 5/17/25 at 9:56 am
Posted on 5/17/25 at 9:51 am to Tigris
quote:
Not true for a long time. Money now is a complete illusion. But aside from that, the world GDP is around $100 Trillion. The value of all gold owned is around $16 trillion. Very little of the world's wealth is based on gold anymore. In reality it is based on government smoke and mirrors and trust in said useful illusion.
The $16 T is also composed of “fractional gold “, the paper saying someone owns gold that is on deposit somewhere but doesn’t actually exist.
Posted on 5/17/25 at 9:56 am to Darth_Vader
However, any modern-day alchemist hoping to cash in might be disappointed. This corresponds to just 29 picograms (2.9 ×10-11 grams) of material, and these gold atoms are extremely short-lived. They're so energetic that they immediately slam into parts of the LHC, like the beam pipe or collimators, breaking apart almost instantly into protons, neutrons and other particles. As a result, the gold exists for only a fleeting fraction of a second.
I think we're good, as far as a disruption of financial markets is concerned. Not to mention the energy needed to actually accomplish the production of such a small amount.
I think we're good, as far as a disruption of financial markets is concerned. Not to mention the energy needed to actually accomplish the production of such a small amount.
Posted on 5/17/25 at 9:58 am to ManBearTiger
quote:
that's we've reverted and the global currency is based on humans as debt
Always has been .., what did we revert from???… money only exists to pay taxes… global currency is based on humans labor and potential human labor…
Posted on 5/17/25 at 10:02 am to Darth_Vader
quote:
I’m not saying countries base their currency on the gold standard. What I am saying, is that gold still constitutes a not insignificant amount of overall global wealth. According to Credit Suisse, the total value of gold assets on the planet are worth north of $256 trillion US dollars….
That’s not what your link or quote says.
quote:
Credit Suisse estimates total world wealth in terms of US dollars to be $256 trillion.
And then further down your link
quote:
According to CPM Group, in 1960, gold represented some 5% of global financial assets. By 1980, gold’s share was down to 2.74%. In other words, $1 in gold value during 1960 while there was $19 in other global financial assets whereas by 1980 the ratio was $1 gold vs $33.75 in global financial assets (even as gold was hitting then record price highs). Note too how gold’s now still record nominal 2011 price of over $1,900 oz caused the yellow precious metal’s share of global financial assets to increase at the time versus other financial asset values. As of 2015, the projected ratio of gold vs global financial values was $1 gold vs $195.56 global financial assets.
quote:
If you squint your eyes hard enough, you can likely make out the thin golden layer at the top of the 2014 bar in the chart above.
This post was edited on 5/17/25 at 10:06 am
Posted on 5/17/25 at 10:04 am to HubbaBubba
quote:
Well, if you have a $9 billion collider, and a staff with operations costing an annual $1 billion, maybe you can make a picogram of gold every day. I think the world's gold wealthy folks are going to be okay.
Little over 100 years ago, there was one airplane in existence and it could carry one person less than 50 yards at an altitude approximately 10’.
I’m not saying this discovery will turn the world’s economy on its head right now. But let’s not pretend that the technology won’t progress in the decades to come.
Posted on 5/17/25 at 10:20 am to DavidTheGnome
quote:
That’s not what your link or quote says.
I literally copied and pasted directly from the link. It put the total wealth of overall global gold assets at a little over $250 trillion US dollars. You even copied and pasted this directly from my post. The link isn’t saying overall global wealth is $250 trillion, it’s saying overall global wealth in gold assets is $250 trillion.
quote:
And then further down your link
As of 2015, the projected ratio of gold vs global financial values was $1 gold vs $195.56 global financial assets.
I posted the total worth of gold, the part you highlighted shows the [b]ratio[/] of wealth in gold as part of the overall total of wealth. That doesn’t contradict or disprove the fact that the overall value of gold assets on the planet is a little over $250 trillion US dollars.
Posted on 5/17/25 at 1:29 pm to Darth_Vader
quote:
I literally copied and pasted directly from the link. It put the total wealth of overall global gold assets at a little over $250 trillion US dollars. You even copied and pasted this directly from my post. The link isn’t saying overall global wealth is $250 trillion, it’s saying overall global wealth in gold assets is $250 trillion.
That’s exactly what it’s saying
Look at the chart. And then look at the little numbers on the right. The teeny tiny sliver at the top of each bar is the total gold value
Posted on 5/17/25 at 1:59 pm to DavidTheGnome
LINK
So no gold has never been $250 trillion and you’re misreading your link
quote:
Finance Association News on September 25th (Editor Xiaoxiang): As the international gold price continues to hit new highs approaching $2700, the precious metals market has also set a new "milestone": the total market value of physical gold worldwide has surpassed the $20 trillion mark for the first time!
So no gold has never been $250 trillion and you’re misreading your link
Posted on 5/17/25 at 4:30 pm to Darth_Vader
Btc
Posted on 5/17/25 at 4:39 pm to Darth_Vader
This just in : Trump now wants to make Switzerland the 51st state. They have 48 hrs. to comply or we're going in.
Posted on 5/17/25 at 4:43 pm to Kafka
We can make diamonds, gold and porn. What a time to be alive.
Posted on 5/17/25 at 11:06 pm to Obtuse1
Don’t be so obtuse.
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