oneguy Posted December 22, 2018 Share Posted December 22, 2018 24 minutes ago, Jimmy M said: One thing to remember is that gold is priced in dollars, and therefore the "value" of gold is reflected in the "value" of the dollar. An ounce of gold still remains an ounce of gold, however the "value" of a dollar varies HH Jim Ditto Jimmy.... My way of looking at gold "value" is much the same. An ounce is always an ounce. Back when gold was $20/ounce it took approx. 30 ounces to buy a bare bones pickup truck...today it takes approx. 30 ounces to buy a bare bones pickup truck....nothing has really changed as far as the "value" of gold...???? jmo...…. 2 Link to comment Share on other sites More sharing options...
DolanDave Posted December 26, 2018 Share Posted December 26, 2018 Then it's on to mining meteors and mars. 1 1 Link to comment Share on other sites More sharing options...
Rick K - First Member Posted December 27, 2018 Share Posted December 27, 2018 Mining is huge here in AZ. Saw a bumper sticker a few years ago... EARTH FIRST... WE’LL MINE THE PLANETS LATER 6 3 Link to comment Share on other sites More sharing options...
oneguy Posted December 27, 2018 Share Posted December 27, 2018 1 hour ago, Rick Kempf said: Mining is huge here in AZ. Saw a bumper sticker a few years ago... EARTH FIRST... WE’LL MINE THE PLANETS LATER Yeah....an oldie but a goody...lol Most my working years was logging from calif. to Alaska and all points in between..... our area bumper stickers were: EARTH FIRST....we'll log the other planets next. thanks for bringing that one up, I got a good laugh outta that...…….! 1 Link to comment Share on other sites More sharing options...
AU_Solitude Posted December 27, 2018 Share Posted December 27, 2018 6 hours ago, DolanDave said: Then it's on to mining meteors and mars. One of the beautiful things about gold is that even if tomorrow massive placer gold deposits were discovered on Mars, the closest and most readily accessible celestial body, the cost of actually going there to retrieve the metal, then bringing it back, would far exceed the value of the metal itself. Even if recovery was simply picking it up from the surface. Moving things into, and out of space, isn't cheap. Gold prices are in no immediate danger from off earth mining - not in our lifetimes! 4 Link to comment Share on other sites More sharing options...
Dubious Posted December 27, 2018 Share Posted December 27, 2018 Yeah, even if you found a solid gold asteroid, it would probably be too difficult and expensive to bring it into an earth orbit and then land it safely for the project to be worthwhile. But someone should ask Ilon Musk his thoughts on this :) Link to comment Share on other sites More sharing options...
Walker Posted December 28, 2018 Share Posted December 28, 2018 Even if we didn’t make a profit prospecting some of us would do it anyway. Think about Mars and all that juicy red dirt ? 1 Link to comment Share on other sites More sharing options...
DolanDave Posted December 30, 2018 Share Posted December 30, 2018 On 12/26/2018 at 10:35 PM, AU_Solitude said: One of the beautiful things about gold is that even if tomorrow massive placer gold deposits were discovered on Mars, the closest and most readily accessible celestial body, the cost of actually going there to retrieve the metal, then bringing it back, would far exceed the value of the metal itself. Even if recovery was simply picking it up from the surface. Moving things into, and out of space, isn't cheap. Gold prices are in no immediate danger from off earth mining - not in our lifetimes! Dont tell the Colorado School of Mines- They now offer Ph.d degrees in Space Mining https://space.mines.edu/ 1 Link to comment Share on other sites More sharing options...
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