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Gold Digging
Kirt's Cogitations™ #55

These original Kirt's Cogitations™ may be reproduced (no more than 5, please) provided proper credit is given to me, Kirt Blattenberger.

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   Cog·i·ta·tion [koj-i-tey'-shun] – noun: Concerted thought or
                                        reflection; meditation; contemplation.
   Kirt [kert] – proper noun: RF Cafe webmaster.


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Gold Digging

To understand why gold is deemed a rare element, consider this. All the copper ever mined in the history of the world would fill a cube a little over 1,100 feet per side, and all the silver ever mined would fill a cube about 160 feet per side. All the gold ever mined in the history of the world would fit into a solid cube a little under 60 feet per side. Known reserves for gold are a tiny fraction of those known for copper and silver. For over a decade, gold has been consumed at a rate faster that it has been produced, due primarily to the relatively high cost of extraction versus the low price on the commodities market.
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