50 Random Facts about Gold

Silverthorn said:
Thought this was a bit of fun. Fifty random facts about gold.

http://facts.randomhistory.com/2009/03/09_gold.html
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To produce an ounce of gold requires 38 man hours, 1400 gallons of water, enough electricity to run a large house for ten days, and chemicals such as cyanide, acids, lead, borax, and lime.
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Not very eco.

approximately 142,000 tons of gold have mined throughout history. Assuming the price of gold is $1,000 per ounce, the total amount of gold that has been mined would equal roughly $4.5 trillion. The United States alone circulates or deposits over $7.6 trillion, suggesting that a return to the gold standard would not be feasible.
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Unless spot doubles...


The Dow/Gold ratio, which shows how much gold it would take to buy one share of the Dow, is a good indicator of how bad a recession is. In early 2009, the Dow/Gold ratio appeared to be heading toward the same low ratios that occurred during the 1930s and 1980s.
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Source: http://www.gold-eagle.com/article/interview-analyst-florian-grummes

The Greeks thought that gold was a dense combination of water and sunlight.
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Is that why they are broke now? Can they recover with green energy?
 
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