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Minyan Mailbag: Manufactured Gold?


Manufactured elements are IMPOSSIBLE!



First, thanks for your excellent commentary on the metals. I was told by a friend that Gold would never go over $900 an ounce because at or above that level Gold can be produced chemically or artificially. Thus, there will possibly be no demand for the real metal above that price. Have you ever heard this and is there any price level that artificially mined Gold would lose its demand?

Minyan Frank

Minyan Frank,

At first I thought someone was pulling my chain or that maybe I had missed news of the first successful Alchemist. Did you know Sir Isaac Newton had a fair crack at it and failed? Merlin the Magician couldn't do it and surely David Copperfield can't. I then thought a bit and realised that so few people know anything about gold/silver that if two people think this is the case, then maybe there are more people out there with such fanciful notions.

Gold is an ELEMENT. Finished. I am no chemist and slept through most of this stuff at school. Elements cannot be decomposed or divided into others by any known chemical process. It is possible to break down the matter of an element into smaller and smaller particles and eventually into atoms. Atoms are the smallest subdivision of matter that retain the characteristics of the element. The atoms of one element are all alike and differ from those of other elements. Going off the above, which The Luscious Lisa provided from her Gemmological studies and texts (and her past chemistry "groupie" days - don't ask, it's a long story!), manufactured elements are IMPOSSIBLE. Someone with a chemistry degree or background would explain it better and I am happy to have their input. The day we can chemically or otherwise make gold or silver is the day we're all cooking our steaks on gold/silver barbeque hotplates. Sure there are man made diamonds but they are just an element (carbon atoms) that have been pressurized and heated. Graphite is made of the same element just a different form. It is pure carbon but just less dense. Elements can be combined to make other things. Water is a simple example. 2 simple elements (Hydrogen and Oxygen) combining (forming molecules) to make something else we know as water. We can't make elements!

Frank, old mate, you have been sadly misinformed, but surely there's someone who can explain it better than me.



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