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*> I hope you good luck in your gold exploration. But the price of gold
*> will not go down. Gold has been the support of world currency since
*> the dawn of history. USA found out that gold is useless and went on
*> stacking their gold in great vaults. Actually only ornamental gold
*> items are sold in USA and other gold is only marketted on the stock
*> market. I read there are machines in the Arabian Peninsula that
*> dispense gold for dollars. But gold although is cherished by people
*> will not be useful items. If you remember Spain with its mercantile
*> policy could not stay intact for long once the Islamic empire failed
*> and Colombus sailed west. If gold is discovered in abundance in
*> Australia, the people of Australia should use to build factories for
*> production of useful items to sustain the people for a long time.
Those subsea deposits of Gold are not within Australia control, and their exploitation will indeed ruins Australia mines, some of its deposits known ( Victoria) & unknown being of marine concentration origin & found in unconsolidated sedimentations. Gold might be likely while available at cheap price, probably as low as 37$ / ounce, to be used extensively in the Electric, Magnetic & Electronic industry since having super-conductivity qualities. Gold at 10 $ / ounce will be used in all environment where the importance non- oxidized material is essential like in Medecine, Advertising board, Maritime construction as alloy etc Gold at 1$ / ounce or approx 35 $ per kilogram i.e. 16$ per pound will be used in anything at all from restaurant to roof tiles.
The advantages of subsea deposits of Gold is the fact that only gravity has to be used for recovery, and let say that in one particular very easily accessible point there is over 1 million tons a few hundred fathoms below the waves. The future in the discovery of such commodities as Gold, Platinum, Tin, Illemenite, Zirconium & Diamonds is in exploration of the Sea Floor, and in this the True Geology approach is definitively a boon for comprehension & pinpointing.
With best regards jpturcaud
*> You know that gold is alien to planet earth. Some meteors with the
*> metal fell on the earth. If they are in the ocean then it must be
*> pure. Get it and lest Australia become industrial for the people of
*> Australia. I must say this is wishful thinking on my behalf because
*> once the news spread, the human sharks will come around to take their
*> share. Australia should be careful.
Not at all, it 's an intrinsic part of the Earth Core ( True Geology ) and explains why the overall density of the Earth is 5.5 ( over) Indeed all material found in the Lithosphere & the Mantle are approx
2.4
This is why in True Geology of course, a blasted planet within our system corresponding to a the Belt of Aerolithes ( between Mars & Jupiter) may reveal in some of its remains in orbit some its inner parts with then in Gold in Yotta tons, or in other words in Tera Tons E2 ... or in clear in 10 E 24 tons 1 000 000 000 000 000 000 000
000 tons ...
of course on such blasted planet Diamonds of one ton & more will be extremely common.
It will demonstrate incidentally that whatever the basis of exchanges, greed can exert itself independently of any standards of money used : Coffee beans, Coca beans, heads of cattle.
Let me tell you the tale of a Amethyst Rosary handed down the family line through many generations & finally being inherited by my grand mother Turcaud. That Rosary had a terrific value besides the one attached to souvenirs etc since the Amethyst was in France through centuries ; the stone of Princesses. Well, when the huge deposits of Amethyst in Brasil were discovered that value of Amethyst completely went down to being now a semi-precious stone. This illustrates the fact that when & soon at that, some new system of aerial travel will be found, based on a True Physics indeed, travel within the whole solar system will become a matter of routine, and then Diamonds & Green Beryl ( Emerald) available by the ton will be downgraded as well to the rank of semi-precious stone indeed
With best regards jpturcaud