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It's unlimited because it's widely distributed throughout the earth. There's obviously a cost increase as you try to exploit less fruitful areas, but there's plenty down there. Unlike oil, which is an organic substance originating from plants on the surface. There is a specific hard limit to how much there is of either one, but there's a lot more gold than oil...
by asdf on Thu Sep 2nd, 2010 at 07:56:04 AM EST
[ Parent ]
... there's a lot more gold than oil ...

In what units?


In the end, might makes right. Nothing has changed since the caveman.

by THE Twank (yatta blah blah @ blah.com) on Thu Sep 2nd, 2010 at 08:11:14 AM EST
[ Parent ]
Tons probably. I read somewhere that there was something like an ounce of gold in every cubic metre of seawater.

And there's an awful lot of cubic metres in the sea.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Thu Sep 2nd, 2010 at 09:36:26 AM EST
[ Parent ]
Blimey, mixing imperial and metric. I should work for NASA.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Thu Sep 2nd, 2010 at 09:42:42 AM EST
[ Parent ]
That sounds way off.  I mean, think about it. One meter is almost 1 US yard, i.e. 3 ft.  So a cubic meter is about 27 cubic feet, which is nothing.  Hell, if there was an ounce of gold in that small amount, nobody would work and we'd all have seawater dehydration ponds in our backyards. Try again.

In the end, might makes right. Nothing has changed since the caveman.
by THE Twank (yatta blah blah @ blah.com) on Thu Sep 2nd, 2010 at 11:12:28 AM EST
[ Parent ]
Now that I think of it, I think that it's one ounce in every cubic KILOMETER which means your only off by 10^9 or 1,000,000,000 ... one billion.  Have you thought of working for the govt. budgeting office? Sounds like you have the skills. :)

In the end, might makes right. Nothing has changed since the caveman.
by THE Twank (yatta blah blah @ blah.com) on Thu Sep 2nd, 2010 at 05:51:48 PM EST
[ Parent ]
Ok, maybe I want to take that back.

There's also plenty of gold dissolved in the rock of the mantle and at the center of the core. "Wood calculated that 1.6 quadrillion tons of gold must lie in Earth's core." That's 10*15 tons assuming he's using the modern numbering system.
http://discovermagazine.com/2006/sep/innerfortknox

Vs. 6000 billion barrels of oil in place, which is 6x10*15
http://www.eia.doe.gov/pub/oil_gas/petroleum/feature_articles/2004/worldoilsupply/oilsupply04.html

So they're actually not that far off from each other--within the error of these estimates at least. I'm surprised...

by asdf on Thu Sep 2nd, 2010 at 08:42:31 PM EST
[ Parent ]
Please don't tell the Republicans about all of that gold at the earth's core or some numbnut will try to find a way to get it.

In the end, might makes right. Nothing has changed since the caveman.
by THE Twank (yatta blah blah @ blah.com) on Fri Sep 3rd, 2010 at 07:00:47 AM EST
[ Parent ]

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