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< Previous
Next > 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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