Tuesday , 25 June 2024

Gold: Insights Into Its Origins, Its Rarity & What Its Price Should Logically Be

Because of various price manipulations (paper gold, computer price rigging, falsifiedgold-nugget physical gold data, etc.), nobody knows what the price of gold should be but this unique – and logical – article sets out the foundation for the true price of gold – and it is absolutely astronomical befitting its star supernova origin.

The article below was submitted to munknee.com by its author, Dave Poitras.

Gold’s Rarity – Born in a star supernova

Heavy elements, like gold and silver, are created in star supernovas. High-mass stars are a class of stars that have the required mass (stars > 25 solar masses) needed for the creation of heavy elements. Thermonuclear fusion occurs in the cores of high mass stars. Young high-mass stars initially fuse hydrogen into helium with a resultant loss of mass, which is converted (according to E = mc2) into immense amounts of energy. [See Core Burning Stages in a 25 Solar Mass Star in table at end of article.]

When all the hydrogen is consumed in the star’s core, the star then fuses helium, then carbon, then neon, then oxygen, then silicon. At each subsequent stage, the star produces energy less efficiently and the core burning period decreases.

When the star begins fusing iron into very heavy elements, the star quickly becomes unstable, because the fusion of iron consumes energy rather than releases energy. With no energy being generated to support the star, it collapses under its own weight, then violently explodes in what is called a supernova. Elements are scattered across the universe and these supernova remnants are the materials for the genesis of new stars and planets.

Some important points regarding gold’s formation:

1. Gold is formed just before, during and just after a star’s supernova (explaining gold’s rarity); gold is not created in the earth.

2. Gold has existed in the earth since the earth was formed.

3. It has recently been theorized that gold was also formed by the collision of neutron stars.

4. Either by a supernova or neutron star collisions, gold had a violent birth!

Quantifying gold’s rarity in the earth’s crust

The following will clearly quantify gold’s rarity. I can not make it any simpler than this:

1. 1,000,000 grams = 1 metric ton (mton)

2. 1 Part Per Million (PPM) = 1 gram per mton (1/1,000,000)

3. Refer to table at http://en.wikipedia.org/wiki/Abundance_of_elements_in_Earth%27s_crust. This table represents very accurate elemental quantitative analysis using techniques such as ICP with Mass Spec and X-ray fluorescence.

4. From this table we obtain the gold occurrence in the earth’s crust at 0.0027 PPM (0.0011+0.0031+0.004)/3 or 0.0027 grams per mton!

5. Aluminum, the most common metal in the earth’s crust, occurs at 81,660  PPM (81,300+82,000+82,000+80,700+82,300)/5 or 81,660 grams per mton. Converting grams to pounds, aluminum’s occurrence is 180 pounds per mton!

6. Using 0.0027 grams per mton, 1/0.0027 = 370.4 mtons of earth must be mined to obtain 1 gram of gold!!!!!!!!!!

7. 31.1 grams = 1 troy ounce

8. 31.1 * 370.4 mtons = 11,519.4 mtons of earth mined to obtain 1 troy ounce of gold!!!!!! Converting mtons to pounds, 25.4 million pounds of earth’s crust would have to be mined to obtain 1 troy ounce of gold at 0.0027 PPM!!!!!!!!!!!!!

9. Gold is NOT mined at 0.0027 PPM, but the above data does demonstrate that gold is ultra rare!!!!!!!!!!

10. To be mined profitably, gold must rise (through geologic events) to ~5 PPM (0.16 ounce per mton). This is 1852 (5/0.0027) times gold’s ambient background level of 0.0027 PPM, a rare event indeed!!! Because gold is so dense, most gold is found deep underground.

11. The higher the grade (grams per mton) and larger the ore body, the more profitable the deposit.

12. Because of various price manipulations (paper gold, computer price rigging, falsified physical gold data, exc.), nobody knows what the price of gold should be.  The above is the foundation for the true price of gold.

13. Gold should be $1000……….per gram!!!!!!!!!!

Core Burning Stages in a 25 Solar Mass Star

Fuel: Products: Temperature (K): Burning Period:
H He 4 x 106 7 x 106 years
He C, O 1.2 x 108 5 x 105 years
C Ne, Na, Mg, O 6 x 108 600 years
Ne O, Mg 1.2 x 109 1 year
O Si, S, P 1.5 x 109 ~0.5 years
Si Ni – Fe 2.7 x 109 ~1 day
 Source: AstronomyOnline.org by Ricky Leon Murphy (with permission)
Editor’s Note: The author’s views and conclusions in the above article are unaltered and no personal comments have been included to maintain the integrity of the original post. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.

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