Gold is over $1,000 per ounce! That means that every one of those 70 pound gold bricks you always see in the movies is now worth $1.12 Million! It’s enough to make you wish you owned a gold mine! Well, if you did, here is what it would take to get that gold out of the ground and actually turn it into one of those bricks.
This clip is brought to us by the good folks at Reuters, and the mine being profiled is the Newmont Nevada gold mine. There is also more info on Gold Mining over at Wikipedia.
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Another usless, but very interesting video :) That’s why I love ur blog :)
You’re so right Chris! ;-)
John
That’s very pragmatic of you John, I thought it was quite educational, not “useless” :)
Hm I don’t know if I thought it was exactly pragmatic since I don’t know too many people who are going to need to know how to open their own mine. Nor does it really affect me now that I know about it. I will say that it was educational, though.
Folks here where for a while melting down 10 Peso coins to extract the miniscule amount of gold in them, worth 10.5 Pesos. The Philippine government recently put checks in place to prevent this. That’s desperate.
I believe the US has done the same with Copper.. I was hearing something about that recently on the radio.
I don’t find is useless.After all its Gold.Not Interesting but not useless as well.
I like the “how to” video’s, and I really like gold! :D
Thanks for the post John
There was a time in the US (maybe 20 years ago) when copper prices were high so they changed copper pennies so the mints changed to copper clad coins with cheaper metals in side. I hope those Pinoys got their pesos’ worth from their meltdown. :D
That is funny, I never heard that one…
Not surprised though…
Kim:)