Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25020. (Read 26710408 times)
October 16, 2014, 01:00:55 AM
October 16, 2014, 12:56:22 AM
what would the price of gold have to be to make it economical to get it out of sea water?
"Each liter of seawater contains, on average, about 13 billionths of a gram of gold."
http://oceanservice.noaa.gov/facts/gold.html
So each cubic meter of seawater (1000 liters) has 0.000013 grams of gold.
Let's say that it costs 1 US$ to process 1 cubic meter of seawater and extract all its gold.
To break even, the price of gold would have to be 1$ / 0.000013g = 77'000 dollars per gram.
If the processing cost were 100 US$ per cubic meter, of course, it would be 7'700'000 dollars per gram, and so on.
@ $40 per gram of gold, each m^3 of sea water is worth 0.0000013 BTC.
I have a limited supply of sea water for sale @ 0.000001 BTC/m^3, get it before it's all gone. Instant 30% arbitrage opportunity.
edit: free world wide shipping to the nearest port
October 16, 2014, 12:46:04 AM
what would the price of gold have to be to make it economical to get it out of sea water?
"Each liter of seawater contains, on average, about 13 billionths of a gram of gold."
http://oceanservice.noaa.gov/facts/gold.html
So each cubic meter of seawater (1000 liters) has 0.000013 grams of gold.
Let's say that it costs 1 US$ to process 1 cubic meter of seawater and extract all its gold.
To break even, the price of gold would have to be 1$ / 0.000013g = 77'000 dollars per gram.
If the processing cost were 100 US$ per cubic meter, of course, it would be 7'700'000 dollars per gram, and so on.
@ $40 per gram of gold, each m^3 of sea water is worth 0.0000013 BTC.
I have a limited supply of sea water for sale @ 0.000001 BTC/m^3, get it before it's all gone. Instant 30% arbitrage opportunity.
edit: free world wide shipping to the nearest port
October 16, 2014, 12:00:54 AM
October 15, 2014, 11:25:09 PM
what would the price of gold have to be to make it economical to get it out of sea water?
"Each liter of seawater contains, on average, about 13 billionths of a gram of gold."
http://oceanservice.noaa.gov/facts/gold.html
So each cubic meter of seawater (1000 liters) has 0.000013 grams of gold.
Let's say that it costs 1 US$ to process 1 cubic meter of seawater and extract all its gold.
To break even, the price of gold would have to be 1$ / 0.000013g = 77'000 dollars per gram.
If the processing cost were 100 US$ per cubic meter, of course, it would be 7'700'000 dollars per gram, and so on.
October 15, 2014, 11:19:17 PM
If the shtf and silver is worth $1000/oz, i'll come over and take your solar panels for the silver while you are in your bunker.
I would respect that because for Petes sake I forgot to put a gun in the BUNKER
Ok and add a generator to power an electric fence discretely over the solar panels
(when someone activates a sensor) (Or landmines around them if you can find those things but that might be overkill) Like a game of minesweeper
Step on the right squares to get there and you win the grand prize else ...
society isnt about to collapses tho...
its good to be prepared, 72 hour kit is a must, shit happens, flood, tornado, solar fairs, aliens, wtv.
but a Bomb shelter... really? you want to live in a world where you need a Bomb shelter, no more hookers and blow, no more internet!? i'd rather die
I was thinking there would be enough surviors to buy the hookers off and get the blow locally grown
What government ^_^
(else build a cloning lab)
Going to need to upgrade that bunker to an underground research facillity and put some stuff there.
(But no more internet just have enough porn downloaded to last a few generations but your right no internet would drive anyone mad its like camping forever...)
Or I guess you just found a use for all the
Assuming you didn't get a digital copy made before the internet went out and the bunker was sheltered well enough mmm you wouldn't get too bored.
October 15, 2014, 11:00:54 PM
October 15, 2014, 10:40:40 PM
Go and harvest entire planets for minerals, like in Deadspace.
Grab silver and gold in oceans is for pussies
Grab silver and gold in oceans is for pussies
October 15, 2014, 10:39:24 PM
$10,000 per oz? $20,000 per oz? there must be a point where it's worthwhile
$99 according to this
http://revistaera.com/index.php/new-solar-powered-device-extracts-gold-from-sea-water
Google doesn't give a realistic price and it seems that there isn't really a good process for doing so. But it might be one of those things where it's not worth doing until gold is really expensive and then it makes it really cheap.
There is 20 million tonnes in the ocean so the moment it becomes worthwhile it would probably make gold worthless, so i guess it's one of those things that will never happen
Not dissimilar to diamonds. Not terrifically hard to make but the only thing that makes them valuable is artificial scarcity and a massive advertising campaign from de Beers.
October 15, 2014, 10:34:36 PM
$10,000 per oz? $20,000 per oz? there must be a point where it's worthwhile
$99 according to this
http://revistaera.com/index.php/new-solar-powered-device-extracts-gold-from-sea-water
Google doesn't give a realistic price and it seems that there isn't really a good process for doing so. But it might be one of those things where it's not worth doing until gold is really expensive and then it makes it really cheap.
There is 20 million tonnes in the ocean so the moment it becomes worthwhile it would probably make gold worthless, so i guess it's one of those things that will never happen
October 15, 2014, 10:29:00 PM
$10,000 per oz? $20,000 per oz? there must be a point where it's worthwhile
$99 according to this
http://revistaera.com/index.php/new-solar-powered-device-extracts-gold-from-sea-water
Google doesn't give a realistic price and it seems that there isn't really a good process for doing so. But it might be one of those things where it's not worth doing until gold is really expensive and then it makes it really cheap.
October 15, 2014, 10:27:18 PM
Anybody think gold will ever hit its all time high again. Charts look like twins
idk gold was pricing in a zombie apocalypse...
honestly expect gold to lose a lot of its speculative value to bitcoin in the coming years. silver is a far better choice for long term value store, for many reasons.
but i expect both this things to perform horribly for a little while longer
looking for 12$ silver!
I've always been more partial to exotic metals like Palladium for some reason
Not sure why people like Gold so much besides the gold standard
Silver I see the utility of in components
BTC the Digital version
I like silver a lot!
It has all the right properties for use as money, even if in this modern age it is pretty clear it will never be used as money, still nice to have.
It has many industrial uses, some of which are in growth like solar panels.
It gets you a lot of metal hoard for your buck, some poeple like gold because they can store a lot of value in a small space, but i ain't rich, i'd end up with 1 or 2 1oz gold coin if i invested in gold...thats no fun...
Its shinny as fuck.
I have a few little silver coins myself, and i love'm
but the price isn't right, it makes more sense for me to make a lump sum on my house and save on interest.
historically PM's don't even keep up with inflation, sure they seem to have a bit of a bubble every now and then and catch up all the inflation thats been happening, but ya...
its a safe investment in a lot of way, can never go to 0, plus all the good things listed above.
but safe investment isn't really an investment at all... no risk no reward.
its just nice to have...
We all like Shiny Things that is the basis of society from time immemorial don't worry your not alone (precious fiat coin collection)
(Lol in a simple form of the term)
http://www.fastcodesign.com/3024766/evidence/an-evolutionary-theory-for-why-you-love-glossy-things
As an investment whatever I can use if society collapses is probally what I would consider the best investment to be honest.
Absolute value
(Food) (A bunch of Honey then the rest ^_^ not only delicious but liquid)
http://offgridsurvival.com/survivalfood/
(Bomb Shelter or Bunker assuming shit really hit the fan and an underground reservoir of water to access)
Or we can squeeze it out of rocks ...
http://www.pbs.org/wgbh/nova/next/earth/huge-underground-reservoir-holds-three-times-much-water-earths-oceans/
(Silver for my Electronic components assuming I put some manufacturing items in the bomb shelter to make stuff its malleable for silverware)
Oh and some Silicon for solar panels
The rest of the stuff assuming their is still barter could be acquried using the above.
About 20g of silver is used in every crystalline solar photovoltaic panel made so good point
http://www.ibtimes.com/silver-could-see-slow-upside-solar-panels-amid-chinese-war-pollution-1561163
So maybe its an investment in the future not immediate short but gradual long term stuff.
society isnt about to collapses tho...
its good to be prepared, 72 hour kit is a must, shit happens, flood, tornado, solar fairs, aliens, wtv.
but a Bomb shelter... really? you want to live in a world where you need a Bomb shelter, no more hookers and blow, no more internet!? i'd rather die
October 15, 2014, 10:22:54 PM
Introducing the Winklevoss Index (WinkDex) App for iPhone and iPod touch
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October 15, 2014, 10:22:16 PM
We all like Shiny Things that is the basis of society from time immemorial don't worry your not alone (precious fiat coin collection)
(Lol in a simple form of the term)
http://www.fastcodesign.com/3024766/evidence/an-evolutionary-theory-for-why-you-love-glossy-things
As an investment whatever I can use if society collapses is probally what I would consider the best investment to be honest.
Absolute value
(Food) (A bunch of Honey then the rest ^_^ not only delicious but liquid)
http://offgridsurvival.com/survivalfood/
(Bomb Shelter or Bunker assuming shit really hit the fan and an underground reservoir of water to access)
Or we can squeeze it out of rocks ...
http://www.pbs.org/wgbh/nova/next/earth/huge-underground-reservoir-holds-three-times-much-water-earths-oceans/
(Silver for my Electronic components assuming I put some manufacturing items in the bomb shelter to make stuff its malleable for silverware)
Oh and some Silicon for solar panels
The rest of the stuff assuming their is still barter could be acquried using the above.
About 20g of silver is used in every crystalline solar photovoltaic panel made so good point
http://www.ibtimes.com/silver-could-see-slow-upside-solar-panels-amid-chinese-war-pollution-1561163
So maybe its an investment in the future not immediate short but gradual long term stuff.
If the shtf and silver is worth $1000/oz, i'll come over and take your solar panels for the silver while you are in your bunker.
October 15, 2014, 10:13:02 PM
Anybody think gold will ever hit its all time high again. Charts look like twins
idk gold was pricing in a zombie apocalypse...
honestly expect gold to lose a lot of its speculative value to bitcoin in the coming years. silver is a far better choice for long term value store, for many reasons.
but i expect both this things to perform horribly for a little while longer
looking for 12$ silver!
I've always been more partial to exotic metals like Palladium for some reason
Not sure why people like Gold so much besides the gold standard
Silver I see the utility of in components
BTC the Digital version
I like silver a lot!
It has all the right properties for use as money, even if in this modern age it is pretty clear it will never be used as money, still nice to have.
It has many industrial uses, some of which are in growth like solar panels.
It gets you a lot of metal hoard for your buck, some poeple like gold because they can store a lot of value in a small space, but i ain't rich, i'd end up with 1 or 2 1oz gold coin if i invested in gold...thats no fun...
Its shinny as fuck.
I have a few little silver coins myself, and i love'm
but the price isn't right, it makes more sense for me to make a lump sum on my house and save on interest.
historically PM's don't even keep up with inflation, sure they seem to have a bit of a bubble every now and then and catch up all the inflation thats been happening, but ya...
its a safe investment in a lot of way, can never go to 0, plus all the good things listed above.
but safe investment isn't really an investment at all... no risk no reward.
its just nice to have...
We all like Shiny Things that is the basis of society from time immemorial don't worry your not alone (precious fiat coin collection)
(Lol in a simple form of the term)
http://www.fastcodesign.com/3024766/evidence/an-evolutionary-theory-for-why-you-love-glossy-things
As an investment whatever I can use if society collapses is probally what I would consider the best investment to be honest.
Absolute value
(Food) (A bunch of Honey then the rest ^_^ not only delicious but liquid)
http://offgridsurvival.com/survivalfood/
(Bomb Shelter or Bunker assuming shit really hit the fan and an underground reservoir of water to access)
Or we can squeeze it out of rocks ...
http://www.pbs.org/wgbh/nova/next/earth/huge-underground-reservoir-holds-three-times-much-water-earths-oceans/
(Silver for my Electronic components assuming I put some manufacturing items in the bomb shelter to make stuff its malleable for silverware)
Oh and some Silicon for solar panels
The rest of the stuff assuming their is still barter could be acquried using the above.
About 20g of silver is used in every crystalline solar photovoltaic panel made so good point
http://www.ibtimes.com/silver-could-see-slow-upside-solar-panels-amid-chinese-war-pollution-1561163
So maybe its an investment in the future not immediate short but gradual long term stuff.
October 15, 2014, 10:12:20 PM
what would the price of gold have to be to make it economical to get it out of sea water?
never gana happen...
if you double slivers price, suddenly everyone goes in there dusty attics and pull out their silver coin collection from 2011 and sells it!
I wasn't askin if it could happen, i was wondering what price it would have to be to make it ecomical.
$10,000 per oz? $20,000 per oz? there must be a point where it's worthwhile
mining asteroids might make more sense ?
yeah maybe
October 15, 2014, 10:11:48 PM
well they pulled out all kinds of silver from that shipwreck not long ago, they sold that silver for spot...
https://silvergoldbull.com/sunshine-minting/1-oz-s-s-gairsoppa-shipwreck-silver-round
I'm not talkin about sunken treasure. There is gold in sea water
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October 15, 2014, 10:11:12 PM
October 15, 2014, 10:09:06 PM
If you are unsure to buy or sell at this point : If you take the first two letter of BUY and the last two letters of SELL, it spells BULL.
If you take the first letter of SELL and the second letter of BUY and the second letter of SELL and then the third letter of BUY, you get SUEY.... like CHOP SUEY...
whatever that means?
October 15, 2014, 10:08:27 PM
what would the price of gold have to be to make it economical to get it out of sea water?
I've consulted with Bitcoin's mining community about this and they assured me that the price of a speculative commodity/asset reflects the cost of production and therefore is always economical.
I dunno though.
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