Random gold fact of the day

Discussion of the Gold portion of the Permanent Portfolio

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Wonk
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Random gold fact of the day

Post by Wonk »

If you store gold in your house, you might have wondered: what happens in a fire?  I did.  I have some in the house (in a firesafe) and it's insured.  Still, I wondered.  For inquiring minds, it just so happens the melting temperature for gold is 1900F and the average house fire is 1100F for about 27 minutes.  It doesn't look like gold would melt in most house fires after all...
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moda0306
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Re: Random gold fact of the day

Post by moda0306 »

Thanks for the info.  I was curious about that.
"Men did not make the earth. It is the value of the improvements only, and not the earth itself, that is individual property. Every proprietor owes to the community a ground rent for the land which he holds."

- Thomas Paine
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smurff
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Re: Random gold fact of the day

Post by smurff »

And if it did melt in the house fire, you can just take the molten pieces (cooled to the touch, of course) to your favorite jewelers/smelters and they can remake them into bars and assay them.  Some of them might even trade the melted gold for coins of the same melt value.

Nuclear explosion, that's another matter.
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Lone Wolf
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Re: Random gold fact of the day

Post by Lone Wolf »

Very interesting!  I've wondered about this from time to time.  Cool to hear that your gold coin collection won't evaporate and boil away or anything.  :)
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