Gold: Past, Present, and Future

Gold’s been sliding for a whole year now...

And you just decided to ignore those five years entirely? 🙂

Patrick Moore3 said:Gold’s been sliding for a whole year now...

Some people actually called it.


Whatever. It shouldn't spike too fast anyway (like back in September last year). A shallower slope makes for a better parabola.

I know this isn't exactly a groundbreaking trend, and I can't quite recall if we've touched on this here before, but I figured I'd throw it out there...

Urban mining

I suspect most people might miss the point, but here it is anyway: video in Dutch (you can see part of the actual process, so it might actually be worth a look)

Summary (from the video):
- The US - leading the way (doing more recycled metal reclamation via this method than anyone else)
- Reclaiming metals like: Cu, Pb, Ni, Pt, Au, AG, Zn, Al
- There is absolutely no drop in metal quality
- Depending on the specific equipment used, efficiency can be 100-1000x higher than traditional gold mining
(The highest yield/profitability comes from mobile phones, followed by computers, etc.)
- R&D is heavily focused on new extraction techniques, MIT, Austin high-tech campus
- Annual production: Cu=2,000,000 ; AG=450,000kg ; Au=300,000kg 😍 ...........and so on............
- Cumulative various metals: 70,000,000kg/year

Personally, I think I might actually dare to put some money into this field
either into new methods/development
or perhaps even excavating old landfills from back in the 90s to reclaim the pulp.

Andrew Barrett4 said:I know this isn't exactly a groundbreaking trend, and I can't quite recall if we've touched on this here before, but I figured I'd throw it out there...

Urban mining

I suspect most people might miss the point, but here it is anyway: video in Dutch (you can see part of the actual process, so it might actually be worth a look)

Summary (from the video):
- The US - leading the way (doing more recycled metal reclamation via this method than anyone else)
- Reclaiming metals like: Cu, Pb, Ni, Pt, Au, AG, Zn, Al
- There is absolutely no drop in metal quality
- Depending on the specific equipment used, efficiency can be 100-1000x higher than traditional gold mining
(The highest yield/profitability comes from mobile phones, followed by computers, etc.)
- R&D is heavily focused on new extraction techniques, MIT, Austin high-tech campus
- Annual production: Cu=2,000,000 ; AG=450,000kg ; Au=300,000kg 😍 ...........and so on............
- Cumulative various metals: 70,000,000kg/year

Personally, I think I might actually dare to put some money into this field
either into new methods/development
or perhaps even excavating old landfills from back in the 90s to reclaim the pulp.

I mean, I have to say, there’s no way that figure is actually accurate. It seems statistically impossible for the entire country of China to be churning out less than 300 tons of gold annually. I guess we might be looking at some seriously flawed data here, but honestly, it just doesn't add up to me.

Charles Campbell7 said:I mean, I have to say, there’s no way that figure is actually accurate. It seems statistically impossible for the entire country of China to be churning out less than 300 tons of gold annually. I guess we might be looking at some seriously flawed data here, but honestly, it just doesn't add up to me.

I assume we're talking about annual industrial gold consumption, which sits somewhere around 300-350 tons. If you were to recycle the entire yearly production of gold-plated electronic components, you actually could net 300 tons.

However, the recycling process itself is anything but simple. It requires manually stripping every single gold-plated contact—just look at the connectors between a smartphone and its battery, or the SIM card slot. Then comes the application of concentrated acids and distillation. You would need roughly 10,000 mobile phones just to yield a single ounce of gold...

I just put together a quick translation of what was said in the video. They’re out there claiming they're the top players on the global stage, too. 🤷

If you want actual hard data, you’d probably need to dig into the company itself.

Sims Recycling Solutions

They’re part of a larger group (you can see their ticker symbol and listing over on the right. I imagine if you look for their portfolio or some fundamental analysis, you could find the specific numbers regarding their production volumes).

Lately, it seems like all I hear is this "crazy news" about how people are getting creative, fueled by the popularity of PM during these uncertain times.

ss-gairsoppa-shipwreck-38-million-in-silver 😬

Or, take that story from an overseas forum about how the wealthy classes in Spain used to flee en masse to escape the regime, burying their gold everywhere along the way. A lot of them never made it back. >> metal detecting >> opportunistic tourism 😵

When I first heard that, my immediate thought was—well, given the sheer number of wars and mass migrations happening globally, I guess we must be living in some kind of paradise here.😁
And then I remembered that back home in the States, it was usually just the poor folks who were fleeing. :/ So, most people buying a metal detector would probably just end up finding old mines.🤣

We're almost at the top of the triangle.
The tech guys say a triangle like this just explodes upward (unless it doesn't...)

Betty Brown said:We're almost at the top of the triangle.
The tech guys say a triangle like this just explodes upward (unless it doesn't...)

🤣🤣🤣

Gold is testing the 1700 level, so we'll just have to wait and see how it plays out.

Gold has been carving out a small and a massive triangle pattern here. This big one was pulled straight from this page.
You can break out of this triangle in any direction (along with a throwback or a pullback), so
on the small scale, we could see a dip down to maybe 1510, or a rally up to the level Amanda Gomez47 pointed out.
As for the big one... heh, yeah, looks like a beautiful chance for a beautiful crash lasting about 4 months.
----
👍

Dump everything at $1,609.41...

Out at 1603... just waiting on the next opening.

I jumped out of the market today too. I don't see this rally lasting much longer.
Now I’m just sitting tight, waiting for it to hit that established support level before I jump back in.
Like taking candy from a baby 😍

Here he goes again... selling at $1620.07

Melissa Sanchez17 said:We'll see how things shake out over the next few days, quiettrucker12. Honestly, I'm almost certain we aren't getting Quantitative Easing 3. The market is holding its own right now—fragile as hell, sure—but it's staying afloat. I caught somewhere that they won't even bother with Quantitative Easing 3 because the Federal Reserve can just drop a few well-timed statements every month to nudge the market up, let it dip, then swoop in with another comment to stabilize things... and they can just keep playing that game for another year if they want to!

Honestly, after Mario's big speech, I don't think we even need Quantitative Easing anymore.

Let's just wait and see what Angela says once she's back from vacation 🙂
Actually, it doesn't matter what they say; it's about what they do. The Federal Reserve is already buying up 70% of US Treasuries, and soon the Federal Reserve will be doing the exact same thing with government debt in places like Florida and Texas.
Why? Because they don't have any other choice.

lonehawk5 said:Here he goes again... selling at $1620.07

Getting out at 617.85

If you're gonna talk to yourself about when you're heading out... at least let me know when you're back inside 😁