Let’s go back to the gold standard and let China determine our monetary policy.
/Heavy sarcasm off
Bkmk
We all know the regular reports of economic miracles coming out of China are a hundred percent reliable.
Cough, cough, bullshit...
Gold Mountain !
On a related note, there are a lot of indications that President Trump is preparing to put the US dollar back onto a gold standard, including the fact that large quantities of physical gold are being returned to the United States.
Reported lately that coal ash contains 80% rare earth minerals.
Coal ash..which is waste.
COAL ASH!
There are probably even larger deposits in our future 51st State to the north.
The mine owners built a one mile long aerial tramway in 1907 to convey 70 tons of raw ore to the processing plant. It is amazing to see such an old aerial tramway. The tram stretches from the upper mining camp in the Funeral Mountains down to the lower mill area, descending about 1,500 feet. The towers and cables are still visible today. I wasn't expecting to see an aerial tramway using steel wire rope there. Iron wire rope was invented by a German mining engineer in 1831 and was refined when mass production of steel took off with the Bessemer process (patented 1856). English engineer Robert Stirling Newall had patented a wire rope-making machine in 1840, and by the 1850s, companies like his were churning out steel versions. By the time the Keane-Wonder mine was built, steel wire rope aerial tramways were mature technology.
You can see a tram tower at the top of this photo taken by the receiving end of the tram:
Here is a pic of a couple of the tram towers that still exist. There were 13 towers in all.
The Chinese mine will be deep underground, of course. The Keane-Wonder mine was also an underground mine with deep vertical shafts, long horizontal drifts, and huge stopes (excavated ore zones), typical of hard-rock gold mining chasing quartz veins.
One ring π to rule them all...π§π§β°οΈπ§ποΈπ§π§π»ββοΈπ°πποΈπ
We have a couple of “Super Giant” gold sites in the US. Unfortunate that both are in CA. Bodie, CA has a HUGE deposit but environmental freaks wont let them mine it. Enough gold there to build the super train and get CA out of debt.
Can’t wait till we start mining the asteroids. Elon...are you listening?
A big gold deposit with a large tungsten core. Typical in China...
Finally my shiny coins did something. Though, silver is still crap.
Gold is formed in supernovae and neutron star collisions. All the gold on earth was here when the planet formed from interstellar soup.
better get it out now and spend it while we have conservative pres because if a liberal takes ove,r they wil extract it and send it to iran