what's the difficulty to do the work?
China found deposits too. They even created gold in the Large Hadron collider but that requires immense work.
You see, when we speak about Gold we talk about purity of gold, fine gold. Deposits around the world vary- South Africa has some of the finest gold coming out the ground at 99.98% purity, other places, 10%, 30%, 2% etc. and then on top of that there is the oz/tonne of ore after processing and refining.
It's a hard, cumbersome, capital intensive process.
Also, adding to the Gold supply is not bad at all, it means there is economic growth at a flat 1% or 2% per year if it is the case. More gold to go around means more developments
S!ayer
npub1eh…3mz4s
2025-06-11 11:07:10
in reply to nevent1q…g8px
Author Public Key
npub1ehkvx8rdjsrwnf7kkqr8gy42vcwe6vwgqdwrl4juqccp689v8wfqr3mz4sSeen on
wss://relay.damus.ioPublished at
2025-06-11 11:07:10Event JSON
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"content": "what's the difficulty to do the work? \nChina found deposits too. They even created gold in the Large Hadron collider but that requires immense work. \n\nYou see, when we speak about Gold we talk about purity of gold, fine gold. Deposits around the world vary- South Africa has some of the finest gold coming out the ground at 99.98% purity, other places, 10%, 30%, 2% etc. and then on top of that there is the oz/tonne of ore after processing and refining. \n\nIt's a hard, cumbersome, capital intensive process. \n\n\nAlso, adding to the Gold supply is not bad at all, it means there is economic growth at a flat 1% or 2% per year if it is the case. More gold to go around means more developments ",
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