Synthetic Gold?

Observer · Post by **Observer** » Thu Mar 06, 2014 6:03 pm

I don’t know if this is a stupid question or not but Can Gold be synthetically made? What if it could ? I’ve read one the internet that it would be technologically too expensive to do so, but what if one day it could be made? What would the possible scenorios be for existing bullion holders? Would price plummet? Where would sellers of gold park their money? Anyone have any thoughts/ideas on this?

thanks

dragoncar · Post by **dragoncar** » Thu Mar 06, 2014 6:12 pm

You can create it through fusion of lighter elements. I'm not sure if humans have ever done so.

edit: I'm guessing it's cheaper to sent robots to mine asteroids.

Observer · Post by **Observer** » Fri Mar 07, 2014 6:57 am

I suppose the real question is whether there could be any other store of value that has the same characteristics of gold that central banks could turn to , and turn to pretty quickly. Yes Gold has been currency for 5000+ years and all the central banks hold it which is reason enough to hold it, but i still feel nervous about holding it exclusively to protect against inflation - it feels like i would be putting all my eggs in one basket and i would be counting on it to protect me against inflation. It has done so historically, but can the link be broken i wonder....

Pointedstick · Post by **Pointedstick** » Fri Mar 07, 2014 8:33 am

Gold isn't exclusively for protecting against inflation. It's also useful for protecting you against negative real interest rates--which, in a way, are a form of inflation, but a more subtle one.

You also hold stocks to provide a measure of inflation protection. They can do okay with there's light to moderate amounts of it.

Libertarian666 · Post by **Libertarian666** » Fri Mar 07, 2014 1:55 pm

I have bad news and good news.

The bad news is that if this happened we would be in a lot of trouble because we would no longer have a hedge against government insanity.

The good news is that it is VERY unlikely to happen, at least any time in the lifetime of anyone on this forum.

Tyler · Post by **Tyler** » Fri Mar 07, 2014 2:55 pm

Yes, it is possible today and people have done it.

http://en.m.wikipedia.org/wiki/Synthesi ... ous_metals

However, the cost required to do so vastly outpaces the value of the gold produced, so it's more science project than business plan.

Libertarian666 · Post by **Libertarian666** » Fri Mar 07, 2014 3:16 pm

Tyler wrote: Yes, it is possible today and people have done it.

http://en.m.wikipedia.org/wiki/Synthesi ... ous_metals

However, the cost required to do so vastly outpaces the value of the gold produced, so it's more science project than business plan.

Yes, I meant as a practical matter, it is impractical.

goodasgold · Post by **goodasgold** » Fri Mar 07, 2014 5:01 pm

Observer wrote: Can Gold be synthetically made? What if it could ?... Anyone have any thoughts/ideas on this?

Yes, I have the formula to synthesize gold! For the formula, just send a certified check for $10,000,000 to my Nigerian bank account.

(Just kidding)

Observer · Post by **Observer** » Fri Mar 07, 2014 5:13 pm

appreciate the response guys

given that global central banks store gold as value in their vaults, i would imagine that even if it were remotely viable at some stage that they would find a way of confiscating or nationalizing the technological process for doing so

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