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?
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.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.
Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
Daily Recap Newsletter