Showing posts with label GOld. Show all posts
Showing posts with label GOld. Show all posts

Wednesday, September 3

In 2019, Researchers Discover a Fungus Capable of Metabolizing Gold


In 2019, researchers at the Commonwealth Scientific and Industrial Research Organisation (CSIRO), Australia’s national science agency, discovered that a common soil fungus could do something no one expected: metabolize gold.

The fungus, a strain of Fusarium oxysporum, is usually known for decomposing organic matter. But in a study led by Dr. Tsing Bohu, scientists observed that it could dissolve gold particles in its environment and precipitate them onto its mycelial filaments, effectively coating itself in gold. “Gold is so chemically inactive that this type of interaction is unusual and surprising,” Bohu said in CSIRO’s statement.

This process—oxidizing and precipitating gold particles—doesn’t just involve passive contact. The fungus plays an active role in cycling gold from its environment, possibly contributing to how the metal moves through the Earth’s crust. This was the first time such a biological mechanism for gold cycling had been documented.


Friday, June 6

Geologists have discovered the largest gold, silver, and copper deposit in the last three decades, worth over $337 billion.


Argentina has made headlines with what experts are calling the largest copper, gold, and silver deposit discovered in the past three decades. This monumental find in the Andean highlands has the potential to transform Argentina’s economic landscape and establish the nation as a major player in global metal markets. The discovery represents a significant shift for a country traditionally known for its agricultural prowess.

Massive mineral wealth unearthed in Andean highlands
The joint venture between mining giants BHP and Lundin Mining, operating under the name Vicuña, has uncovered an extraordinary deposit containing over 12 million tons of copper and more than 80 million ounces of gold and silver combined. This discovery, located in Argentina’s San Juan province, marks a watershed moment for the country’s mining industry.


Wednesday, June 4

Earth's Core Holds a Vast Reservoir of Gold, And It's Leaking Toward The Surface


New evidence suggests molten heavy metals such as gold are leaking out of Earth's core. 
(jxfzsy/iStock/Getty Images Plus)



Earth's core is rich with gold, and it's leaking out through the mantle and into the crust, new research has found.

A new study of isotopes found in the volcanic rock that oozed out from deep under the lithosphere has revealed precious metals in Earth's crust, including gold, initially leaked out of the core before beginning the long, long journey up to the surface, borne on convecting magma.


"When the first results came in, we realized that we had literally struck gold!" says geochemist Nils Messling of Göttingen University in Germany. "Our data confirmed that material from the core, including gold and other precious metals, is leaking into the Earth's mantle above."


Although we can access gold in Earth's crust, the amount there is an estimated minuscule fraction of the total quantity that our planet possesses. Like a dragon, Earth is hoarding most of its gold: research suggests more than 99 percent is in its metallic core – enough to cover all of Earth's land in gold 50 centimeters (20 inches) thick.


Monday, April 22

New Material Goldene


Researchers have managed to create “goldene”, an incredibly thin version of gold.

The work follows the successful production of graphene, which is made out of a single layer graphite atoms. That has been hailed as a miracle material: it is astonishingly strong, and much better at conducting heat and electricity than copper.

Goldene is built on the same principle, with researchers spreading out gold so it is just one atom layer thick. And, similar to graphene, scientists say that the process gives it a variety of new properties that could lead to major breakthroughs.    READ MORE...

Friday, April 28

BRICS Nations Buying Gold


A group of economically-aligned nations are purchasing massive amounts of gold as they prepare to end their reliance on the U.S. dollar.

According to a new report from U.S. Global Investors, the nations known collectively as BRICS are piling into the precious metal and will continue to be “huge buyers” of gold for the foreseeable future.


The firm’s CEO and chief investment officer, Frank Holmes, says the mass accumulation of gold led by China aligns with the theory that the world is on a long-term path to economic bifurcation.

“If you look back at the list of net buyers [of gold], you’ll notice that three are members of the BRICS (Brazil, Russia, India, China and South Africa) countries. I point this out because, as I’ve been sharing with you for a couple of weeks now, we may be seeing the emergence of a multipolar world, with a U.S.-centric world on one side and a China-centric world on the other.

For the first time ever, BRICS countries’ share of the global economy has surpassed that of the G7 nations (Canada, France, Germany, Italy, Japan, the U.K. and U.S.), on a purchasing parity basis.”

According to a report from World Gold Council, China has added 102 tons of gold to its stockpiles since the start of the year.

And gold is the key to this potential multipolar economic future, says Holmes, as it will likely be used to back the creation of a new currency that does not utilize USD.

“The BRICS need the precious metal to support their currencies and shift away from the U.S. dollar, which has served as the global foreign reserve currency for about a century.

More and more global trade is now being conducted in the Chinese yuan, and there are reports that the BRICS—which could eventually include other important emerging economies such as Saudi Arabia, Iran and more—are developing their own medium for payments.”

BRICS nations are reportedly in the early stages of designing a new currency that aims to end global dependence on the dollar.

It remains to be seen just how effective their efforts will be, with early critics like billionaire Chamath Palihapitiya stating the China will never effectively de-dollarize as long as the yuan remains pegged to the dollar.

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