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the_moosey_fate t1_j2yonn9 wrote

It’s probably true, but I literally can’t believe it.

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BroodPlatypus t1_j2yppn7 wrote

Did you know a solid piece of gold the size of a deck of cards can be made so thin that it covers the square footage of a tennis court?

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BiagioLargo t1_j2z6uf9 wrote

I honestly dont know if i feel that's surprisingly low or about what I expected tbh.

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FatQuack t1_j2zcx6o wrote

This may be true? An Olympic pool could hold 50,000 tons of gold and the estimated amount of gold ever mined is 200,000 to 250,000 tons.

I'm not sure where that estimate comes from, tho.

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Zealousideal-Web5346 t1_j2zg31s wrote

The messed part is the only real use for gold only came around 50 years ago when we started making computer parts since it doesnt corrode

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JuzoItami t1_j2zp0qr wrote

It seems like that would really suck for the people in those areas who want to go swimming.

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zmz2 t1_j2zpx0x wrote

The mining rate increased so much during the Industrial Revolution that the total gold mined in the millennia before probably fits in the margin of error for the estimate

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ParadiseValleyFiend t1_j2zstvz wrote

I think someone did this measurement with platinum too. I remember hearing that it would all fit into a medium-sized room, could be wrong though.

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fredsam25 t1_j2zutbt wrote

No it couldn't. First, it would be impossible to collect it all. Even if you did manage to get it, you'd have to melt it to make it fit. Even if you managed to melt it and make it fit, the Olympic swimming pool would collapse because it can't support the weight.

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soulsurfer3 t1_j3048an wrote

“mined” is the key term here. there’s been tons of river gold and in areas like australia when they were first colonized, there were nuggets in some areas just laying on the ground.

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Zealousideal-Web5346 t1_j30b0fe wrote

Dude i get excited when i find a dollar bill from the 60s money has and always will be reprinted. Eat it dick fucker

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Bain_PD t1_j30b8b2 wrote

Wait til/if we figure out how to mine an asteroid.

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New_Tortoise t1_j30bwof wrote

The size of an Olympic Swimming Pool is about 85,000,000 fluid ounces.

1

Forgot-My-Name_again t1_j30cmco wrote

Right, and gold leafing on books actually protects the pages, makes handling easier, and prevents paper cuts. I'd call that a real use. Gold fillings, a material that can actually be cold impact welded in an environment as bad as a human mouth and wing break down after installation. Gold mending of materials. The low melting point makes it easy to work, ideal for repairs.

All of those are genuine historic uses of gold that aren't just GOLD PRETTY. I mean, the attractive end result sure doesn't hurt, but the properties of the gold itself are the reason to choose it.

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WarrenPuff_It t1_j30cta8 wrote

Do you understand how easy it is to recycle gold off electronics? What makes you think a tennis court would be a difficult surface to separate gold from?

You dont need to remove it from the tennis court, you can dig up the whole tennis court and dissolve the gold in a solution and reconstitute it as a purified ball of gold. You can just shovel the whole thing into a smelter and melt it off. Everything not gold will float to the top.

This is a non-event, if people are willing to dig a mile underground through quartz and granite using explosives and mercury baths to get gold dust out of the ground, why do you think a tennis court will be any type of obstacle? It would be picked clean that day.

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fulanomengano t1_j30eyvt wrote

Nope. It’s value in the past didn’t come from being shinny and pretty. Its physical and chemical properties like not being corroded, it’s usage in alloys and the fact that didn’t cause allergic or other reactions when in contact with skin is what made it valuable.

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dvoecks t1_j30gpuz wrote

TIL that all the gold in California is in a bank in the middle of Beverly Hills, in somebody else's name.

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skinnergy t1_j30l0ib wrote

Three solid gold Olympic size swimming pool size ingots? That seems like quite a bit of gold.

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zucksucksmyberg t1_j30wsa3 wrote

Dont tell that to my countrymen. They believe that the Marcoses are lending the US gold with 1k USD interest per hour.

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zucksucksmyberg t1_j30xfky wrote

For starters that amount of gold is relatively smaller to the current value of the world economy and a lot of people wants to reconstitute the Gold Standard.

Not to mention a portion of the total gold "mined" could be missing since people do tend to bury their treasure way back then.

So in actuality, there is less gold peesent.

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halbo2 t1_j30yx79 wrote

I first saw this stat in a National Geographic article, about gold, from about 2012. At the time it was “two” swimming pools, not three .

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Gingersnapp3d t1_j315ehn wrote

Someone explain to me how Scrooge McDuck ended up with an entire pools worth of gold coins then

0

Hapankaali t1_j31gq9n wrote

Let's do a back-of-the-envelope calculation. A mole of gold has a mass of about 197 grams, in the ballpark of our hypothetical deck of cards. The lattice constant of gold is about 0.4 nm (in a fcc structure, but let's assume simple cubic for simplicity). A commenter mentions a thickness of 2 atoms, but that's a very fancy setup, so let's go for something that's feasible with modern techniques currently applied in industry: 10 atoms. Arrange our tenth of a mole into a square and we get sides of a bit more than 2*10^(11) atoms, corresponding to a square with 80m sides. Actually not that far off from a tennis court - I would have guessed it would be bigger.

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fredsam25 t1_j31y4af wrote

The melting point of gold is around 2000F. No way you are getting anywhere close to that in a open tennis court fire. The gold will not be effected by the fire except to be torn apart by the plumes of smoke that would also carry it away.

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LuKeNuKuM t1_j32fk0v wrote

Plus the fact it's hard to mine having a high stock to flow ratio. This makes it a good store of value over time. Unlike fiat currencies that no longer adhere to the gold standard and devalue over time because more is produced.

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DeLerius_Lee t1_j335uxu wrote

This puts Scrooge McDuck into a new perspective.

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DaddyMachismos t1_j33ako0 wrote

What I'm hearing is "the world can only support 3 Scrooge McDucks"

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Acornelectron t1_j33bixz wrote

That’s nothing. All sand mined could fill at least four olympic size swimming pools!

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Cetun t1_j33kbst wrote

The amount in our crust is actually relatively small amount, even if you were to mine at all. It's estimated that the amount we can reasonably extract from the crust would amount to a solid cube 100m by 100m thick. Contrast that with how much gold is currently in the Earth's core, since heavier elements sink. If you were to take all the gold in the Earth's core and spread it evenly across the surface of the earth it would cover the entire surface of earth in a sold 1m of gold.

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soulsurfer3 t1_j33lasc wrote

Damn. That’s crazy. I know that it’s comes up through magma and volcanic activity. But had no idea how much was in the core. And also how much that is i. the crust that will never be mined. Makes you think that the future for mining rare elements may really be in asteroids.

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