the bullionr life
I guess there really are very few things that measure up to the feeling you get when holding a few gold coins in hand. I don't know, but right about now...for some strange reason...I am having a flashback to the periodic table 🤓 😳 🤓 And, as such, I'm pretty sure I feel a blog entry coming on 🤔😁🤔...
“How rare is gold? if you could gather together all the gold mined in recorded history, melt it down, and pour it into one giant cube, it would measure only about eighteen yards across! That’s all the gold owned by every government on earth, plus all the gold in private hands, all the gold in rings, necklaces, chains, and gold art. That’s all the gold used in tooth fillings, in electronics, in coins and bars. It’s everything that exists above ground now, or since man learned to extract the metal from the earth. All of it can fit into one block the size of a single house. it would weigh about 91,000 tons — less than the amount of steel made around the world in an hour. That’s rare.” — Daniel M. Kehrer
All the gold ever mined still exists today...
Gold is virtually indestructible; almost all the gold ever mined still exists today...all of it, is only enough gold to fill two Olympic-sized swimming pools!
Gold is beautiful; it's scarce. Gold is extremely malleable and pliable. A one-ounce piece of gold can be beaten down to 5 micrometers thick – that is 1/10 the diameter of a human hair – and laid out into 50 miles of wire.
The world consumption of gold goes towards jewelry, investments, and industry.
Gold's high malleability, ductility, resistance to corrosion and most other chemical reactions, and conductivity of electricity have led to its continued use in all types of computerized devices (its chief industrial use).
Gold is also used in infrared shielding, colored-glass production, gold leafing, and tooth restoration. Certain gold salts are still used as an anti-inflammatory in medicine.
Yep, that's right, gold also has anti-inflammatory and other medicinal properties!
Uh, huh! GOLD IS EDIBLE!
Seriously! I am not kidding! And, if you think about it...you already knew that :)
And, as for all that gold being used today in computerized devices...
In its annual environmental report released in 2016, Apple said it recovered 2,204 pounds (more than a ton) of gold from recycled iPhones, iPads and Macs. That's $40 million worth of gold!!!
Now you know why recycling computer equipment is big business!
Your old computer equipment is a treasure trove of gold!
So, you see how they can definitively state that "All the gold ever mined still exists today"? They're going to get the gold back that went into the production of the item in the first place!
You see, You CAN'T PRINT GOLD! Nor can you whip up a batch of it in the kettle over the camp fire or in the laboratory. Although it's been tried many times and I'm sure there is someone out there still attempting to do just that.
"In 1980, when the bismuth-to-gold experiment was carried out, running particle beams through the Bevalac cost about $5,000 an hour, “and we probably used about a day of beam time,” recalls Oregon State University nuclear chemist Walter Loveland, one of the researchers on the project. Glenn Seaborg, who shared the 1951 Nobel Prize in Chemistry for his work with heavy elements and who died in 1999, was the senior author on the resulting study. “It would cost more than one quadrillion dollars per ounce to produce gold by this experiment," Seaborg told the Associated Press that year. The going rate for an ounce of gold at the time? About $560!" - John Matson, Scientific American
Ouch! What does that tell you!
This metal is precious....as if a gift...a treasure...like none other! Not meant for mere man to reproduce on a whim, at his leisure or pleasure!
So, what does all this have to do with Bullion and Coins?
The Metal is Rare. The Metal is Beautiful. The Metal is NOBLE! ;)
“Start now buying gold coins, any kind, and hoarding them.” — Dr. John L. King
And, we are here to help you with all your Precious Metals acquisitions.