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Keyword: platinum

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  • Astronomers just discovered a rare dwarf galaxy that's loaded with precious elements

    05/23/2016 5:24:39 PM PDT · by LibWhacker · 37 replies
    Science Alert ^ | 5/23/16 | BEC CREW
    Scientists have been searching for the origin of some of the most precious metals on Earth - including gold, silver, and platinum - for almost six decades. And now we might finally have the answer. Heavy, and often valuable elements like these are called r-process elements, and they require an incredible amount of energy to produce. So far, no one's been able to explain how they came to exist in the Universe. But the discovery that an ancient dwarf galaxy called Reticulum II - about 98,000 light-years from Earth - has stars that contain a "whopping" amount of these metals...
  • UBS Is About To Blow The Cover On A Massive Gold-Rigging Scandal

    09/28/2015 5:06:30 PM PDT · by SkyPilot · 83 replies
    Zero Hedge ^ | 28 Sep 15 | Tyler Durden
    With countless settlements documenting the rigging of every single asset class, it was only a matter of time before the regulators - some 10 years behind the curve as usual - finally cracked down on gold manipulation as well, even though as we have shown in the past, central banks in general and the Fed in particular are among the biggest gold manipulators. That said, we are confident by now nobody will be surprised that there was manipulation going on in the gold casino. In fact, ever since Germany's Bafin launched a probe into Deutsche Bank for gold and silver...
  • New US space mining law to spark interplanetary gold rush

    12/08/2015 11:11:12 AM PST · by simpson96 · 36 replies
    Phys.org ^ | 12/8/2015 | Luc Olinga
    Flashing some interplanetary gold bling and sipping "space water" might sound far-fetched, but both could soon be reality, thanks to a new US law that legalizes cosmic mining.In a first, President Barack Obama signed legislation at the end of November that allows commercial extraction of minerals and other materials, including water, from asteroids and the moon. That could kick off an extraterrestrial gold rush, backed by a private aeronautics industry that is growing quickly and cutting the price of commercial space flight. The US Commercial Space Launch Competitiveness Act of 2015 says that any materials American individuals or companies find...
  • Asteroid worth Ł3 TRILLION in precious metals set to pass Earth on Sunday

    07/17/2015 1:58:36 PM PDT · by Red Badger · 60 replies
    www.dailymail.co.uk ^ | Updated: 11:50 EST, 17 July 2015 | By Jack Millner
    An asteroid worth a potential Ł3.5 trillion ($5.4 trillion) is due to pass by Earth on Sunday, and you can watch it live from 11pm UK time (6.30pm ET). Asteroid 2011 UW-158's fly-by will be streamed live on the internet from an observatory in the Canary Islands. The space rock has attracted the attention of asteroid mining company Planetary Resources, because it is thought to have a 100 million ton core of platinum that the company might one day want to exploit. Asteroid 2011 UW-158 will pass within 1.5 million miles (2.4 million km) from Earth on Sunday - 30...
  • Pelosi and the Treasure Island land grab

    08/18/2010 11:00:21 AM PDT · by jazusamo · 24 replies
    michellemalkin.com ^ | August 18, 2010 | Michelle Malkin
    Speaker Mop & Glo made headlines for her call to investigate opponents of the Ground Zero mosque, but there was something else about her remarks that should have raised your hackles: “There is no question there is a concerted effort to make this a political issue by some. And I join those who have called for looking into how is this opposition to the mosque being funded,” she said. “How is this being ginned up that here we are talking about Treasure Island, something we’ve been working on for decades, something of great interest to our community as we...
  • South Africa labor talks sink platinum, palladium

    04/21/2014 12:39:47 PM PDT · by Olog-hai
    Associated Press ^ | Apr 21, 2014 3:02 PM EDT
    Platinum and palladium prices are dropping sharply on signs that South African mining companies are close to reaching a labor agreement that would end a four-month strike. Platinum fell $28, or 2 percent, to close at $1,400.70 an ounce. Palladium lost $29.30, or 3.6 percent, to $777.80 an ounce. …
  • Earth's Inner Fort Knox [Earth's core has 1.6 quadrillion tons of gold]

    12/13/2006 10:58:55 PM PST · by grundle · 56 replies · 1,851+ views
    Discover magazine ^ | September 2006 | Anne Wootton
    Searching for a pot of gold? Try the center of the Earth. More than 99 percent of Earth's gold is missing—it all sank to the center of the planet billions of years ago. In fact, says geologist Bernard Wood of Macquarie University in Australia, there's enough gold in Earth's core to coat its surface in 1.5 feet of the stuff. How did it get there? Earth formed from a series of smaller planetesimals that crashed together over the course of 30 million to 40 million years. Wood deduced how much gold ought to be present in Earth's crust by comparing...
  • Meet the Man Who Wants to Mine the Moon

    10/18/2011 3:42:37 PM PDT · by ColdOne · 28 replies
    FoxNews.com ^ | 10/18/11 | Jeremy A. Kaplan
    The moon is made of far more valuable stuff than green cheese. And one man wants to capitalize on that fact. NASA, which ended America's space shuttle program in June, says it wants to privatize spaceflight. Naveen Jain, co-founder and chairman of Moon Express, Inc., wants to go a step further: He wants to privatize the moon itself. Jain's company plans to piggyback on private shuttle flights, using them to carry his lunar landers and mining platforms to the moon. "People ask, why do we want to go back to the moon? Isn't it just barren soil?" Jain told FoxNews.com....
  • The billionaire who wants to harvest the moon

    04/04/2014 2:35:10 AM PDT · by kingattax · 11 replies
    Yahoo/CNBC ^ | April 3, 2014 | Susan Caminiti
    As a child growing up in rural India in the 1960s and 1970s, Naveen Jain would gaze up at the moon and imagine a life beyond his modest surroundings. Today he's still gazing at the moon, but for far different reasons. Jain, 55, is co-founder of Moon Express, a Mountain View, Calif.-based company that's aiming to send the first commercial robotic spacecraft to the moon next year. This serial entrepreneur-he founded Internet companies Infospace and Intelius-believes that the moon holds precious metals and rare minerals that can be brought back to help address Earth's energy, health and resource challenges. Among...
  • Fuel cells put in the frame with catalysts that need far less platinum

    03/01/2014 10:05:03 AM PST · by neverdem · 6 replies
    Chemistry World ^ | 28 February 2014 | Tim Wogan
    The platinum nanoframes have 22 times the sepcific catalytic activity of standard electrodes © Science/AAASUS scientists have created an exceptional fuel cell catalyst that contains far less platinum – conventional catalysts need 36 times more platinum to hit the same levels of activity. The manufacturing process, which was discovered by accident, uses simple techniques that the researchers believe can be easily scaled-up. The work could help to make fuel cells economically viable for applications such as cars as the precious metal makes up much of the cost of the cell.Fuel cells react hydrogen with oxygen to produce water, using the...
  • Precious Metals are Plummeting! [VANITY]

    04/12/2013 3:36:18 PM PDT · by Obama_Is_Sabotaging_America · 69 replies
    http://www.freerepublic.com ^ | April 12, 2013 | Obama_Is_Sabotaging_America
    Wow, look what I noticed today? The European fiscal crisis must have triggered this.. Gold: $1,478/oz Silver: $25.95/oz. Platinum: $1,491.00/oz.
  • If Obama Can Just Create A Trillion Dollar Coin, Then Why Do We Have To Pay Taxes?

    01/12/2013 11:20:33 AM PST · by SeekAndFind · 18 replies
    Townhall ^ | 01/12/2013 | Michael Snyder
    If Barack Obama can "solve" the debt ceiling crisis by printing up some trillion dollar coins, then why does the federal government need our money? As another debt ceiling showdown approaches, many in the liberal media are suggesting that if Congress does not raise the debt ceiling that Obama should just have the U.S. Treasury create a trillion dollar platinum coin and use it to pay our bills. It sounds crazy, but many notable voices (including Paul Krugman of the New York Times) are supporting this idea. But if the federal government has had the power to create trillion...
  • $1 trillion platinum coin hogwash – if it should happen, buy gold and silver

    01/11/2013 5:19:18 AM PST · by rellimpank · 21 replies
    Mineweb ^ | 11 jan 2013 | Lawrence Williams
    Far be it for me to argue with a Nobel prizewinning economist, members of Congress and however many thousands have signed the White House petition to mint it, but this whole idea of a trillion dollar platinum coin is ludicrous.
  • Pennies, 40-Ton Trillion Dollar Platinum Coins and Our Impossible Deficits and Debt

    01/06/2013 11:56:56 AM PST · by whitedog57 · 14 replies
    Confounded Interest ^ | 01/06/2012 | Anthony B. Sanders
    Jodie Miller of NewsBusted has a great clip where she points out that it costs 2 cents to produce 1 cent. And by government standards, that’s a bargain. This brings me to the inane calls for manufacturing trillion dollar coins made of platinum. As I have discussed before, this would send a signal of fear throughout the world that the USA has no intention of cutting spending, lowering its trillion dollar plus debt and escalating its $16 trillion debt. But for the sake of discussion, platinum is currently trading at $1,560 an ounce. In order to produce a trillion dollar...
  • Insane: Liberals Contemplate $1 Trillion Platinum Coin to "Solve" Debt Limit Issue

    12/08/2012 10:32:31 AM PST · by SeekAndFind · 162 replies
    Townhall ^ | 12/08/2012 | Guy Benson
    Welcome to Zimbabwe.  This is not a parody -- it is an actual report from the Washington Post:   Some economists and legal scholars have suggested that the “platinum coin option” is one way to defuse a crisis if Congress can’t or won’t lift the debt ceiling soon. At least in theory. The U.S. government is, after all, facing a real problem. The Treasury Department will hit its $16.4 trillion borrowing limit by next February at the latest. Unless Congress reaches an agreement to raise that borrowing limit, the government will no longer be able to borrow enough money...
  • Strange Days: Print Two-One Trillion Dollar Coins to Solve Debt Ceiling Crisis?

    12/09/2012 10:31:28 AM PST · by whitedog57 · 23 replies
    Confounded Interest ^ | 12/09/2012 | Anthony B. Sanders
    The Washington Post had interesting article about solving the debt ceiling “crisis.” The author recommended that Treasury produce two-one trillion dollar platinum coins and deposit them at The Fed. “I like it,” says Joseph Gagnon of the Peterson Institute for International Economics. “There’s nothing that’s obviously economically problematic about it.” Actually, Mr. Gagnon, there are a few problems with it. 1. Moral hazard. The President orders trillion dollar coins to be produced, then gives one each to campaign donors and other party favorites (note that I did not mention our current President by name since this would be a temptation...
  • Strange Days: Print Two-One Trillion Dollar Coins to Solve Debt Ceiling Crisis?

    12/09/2012 10:31:28 AM PST · by whitedog57 · 6 replies
    Confounded Interest ^ | 12/09/2012 | Anthony B. Sanders
    The Washington Post had interesting article about solving the debt ceiling “crisis.” The author recommended that Treasury produce two-one trillion dollar platinum coins and deposit them at The Fed. “I like it,” says Joseph Gagnon of the Peterson Institute for International Economics. “There’s nothing that’s obviously economically problematic about it.” Actually, Mr. Gagnon, there are a few problems with it. 1. Moral hazard. The President orders trillion dollar coins to be produced, then gives one each to campaign donors and other party favorites (note that I did not mention our current President by name since this would be a temptation...
  • Asteroid miners hunt for platinum, leave all common sense in glovebox

    11/27/2012 11:56:18 AM PST · by BenLurkin · 19 replies
    theregister.co.uk ^ | 24th November 2012 12:01 GMT
    Isn't it exciting that Planetary Resources is going to jet off and mine the asteroids? This is every teenage sci-fi geek's dream, that everything we imbibed from Verne through Heinlein to Pournelle is going to come true! But there's always someone, isn't there, someone like me, ready to spoil the party. The bit that I cannot get my head around is the economics of it: specifically, the economics of the mining itself. In terms of the basic processing of what they want to do I can't see a problem at all, just as all those authors those years ago could...
  • South Africa police say they killed 34 platinum miners

    08/18/2012 3:08:10 AM PDT · by Cincinatus' Wife · 37 replies
    <p>JOHANNESBURG — Frantic wives searched for missing loved ones, President Jacob Zuma rushed home from a regional summit and some miners vowed a fight to the death Friday as police finally announced the toll from the previous day's shooting by officers of striking platinum miners: 34 dead and 78 wounded.</p>
  • Treasure hunter says he found $3B WWII wreck

    02/01/2012 5:32:12 PM PST · by Jet Jaguar · 20 replies
    AP via Stars and Stripes ^ | Feb 1, 2012 | CLARKE CANFIELD
    PORTLAND, Maine (AP) -- A treasure hunter said Wednesday he has located the wreck of a British merchant ship that was torpedoed by a German U-boat off Cape Cod during World War II while carrying what he claims was a load of platinum bars now worth more than $3 billion. If the claim proves true, it could be one of the richest sunken treasures ever discovered. But an attorney for the British government expressed doubt the vessel was carrying platinum. And if it was, in fact, laden with precious metals, who owns the hoard could become a matter of international...