7 () posted 2 years ago by xolotltlaloc 2 years ago by xolotltlaloc +8 / -1 12 comments share 12 comments share save hide report block hide replies
Only 1% of that is actually gold and it's likely extremely expensive to extract it. Gold hovers closely to its mining costs not necessarily to its scarcity
ah right... " between 8 and 10 grams per tonne as 'high-quality', and 1 to 4 grams per tonne as 'low-quality'."
ok that makes more sense - thank you..
Still plenty of gold and if it were cheap to extract it would affect price but i bet it still costs at least $12-1400/oz to extract
Is that cost based on modern technology or with slave labor?
Western labor and western regulations