These original Kirt's Cogitations™
may be reproduced (no more than 5, please) provided proper credit is given to me, Kirt
– noun: Concerted thought or reflection; meditation; contemplation.
Kirt [kert] – proper noun: RF Cafe webmaster.
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.