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Topic: GOLD can now be made in laboratories and what it means for bitcoins - page 3. (Read 3660 times)

hero member
Activity: 602
Merit: 500
It means next to nothing and even the scientist admits that.

As for what a man made precious metal or stone would do to a real market, I suppose diamonds are extremely cheap now since they can be man made, right LOL

diamonds are a scam market. i'm sure pure man made gold will drive market prices for "real gold" down in many ways.. maybe not tomorrow but eventually.

i consider this to be more like when China began cultivating pearls driving the price of pearls down 90% scenario. what's the point of using Gold as store of value when anyone and their mom can make it. and 80%+ of gold's value is store of value.
full member
Activity: 159
Merit: 100
It means next to nothing and even the scientist admits that.

As for what a man made precious metal or stone would do to a real market, I suppose diamonds are extremely cheap now since they can be man made, right LOL
hero member
Activity: 602
Merit: 500
not sure which forum to put it under so feel free to move it.

for the first time in history it is now possible to product 24k 99% pure gold using bacteria!!!!!!

the effective gold supply is not increased many times more.

what does this mean for gold bugs, what does it mean for people who say gold can't be "counterfeited", and what impact will this have on gold value being moved into bitcoins.

source:
http://gizmodo.com/5948739/researchers-discover-bacteria-that-can-produce-pure-gold

welcome to the new world! i've heard people say "people will never be able to produce gold"... well ...
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