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Article #817

Re: Gold from Seawater?

#817
From: seschn Ranfry
Date: Wed, 18 Nov 1992 03:30
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In article <Nov.11.17.33.54.1992.19911@planchet.rutgers.edu>, uad1226@dircon.co.uk (Sean Jackson) writes...
>If nanotechnology made it possible to extract gold from seawater, it
>would reduce gold's value.  Do you think this might happen?  If so what
>would be a good store of value?

	Considering that most countries in the world do NOT back their 
money with gold, it would not make all that much difference to the value 
of Earth's currency.  Also, the cost to extract the gold out of seawater 
would probably remain too high for the worth of gold.   We have been 
extracting gold from seawater, in small amounts for experimental purposes, for 
decades, so this is nothing really new.
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From: se_schn@pavo.concordia.ca [ Ranfry ]
Newsgroups: sci.nanotech
Subject: Re: Gold from Seawater?
Message-ID: <Nov.17.22.30.32.1992.24999@planchet.rutgers.edu>
Date: 18 Nov 92 03:30:33 GMT
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