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China to set new gold price

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Comments

  • dealer_wins
    dealer_wins Posts: 7,334 Forumite
    If it takes a supernova explosion (which releases more energy that our sun does in its entire lifetime of 12 billion years) to make gold, then I will assume we wont be making it on demand anytime soon.
  • redux
    redux Posts: 22,976 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Yes it's costs more at the moment, but the point it's possible, costs will come down and gold price could be more than it costs, which would make not as rare anymore, what would happen to the price then?

    Yeah, at the moment you might need to hire CERN for a few thousand years, but once they get the hang of things anytime soon you'll be able to do it by firing some ball bearings at a lump of lead.
  • Jonbvn
    Jonbvn Posts: 5,562 Forumite
    Part of the Furniture 1,000 Posts
    bowlhead99 wrote: »
    But the Japanese are always finding better ways of doing things, so I expect all eyes are on Mitsubishi.

    I worked for MHI for several years. I wouldn't hold your breath for this bunch of salarymen.;)
    In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:
  • IronWolf
    IronWolf Posts: 6,445 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    But the Japanese are working on it...
    Faith, hope, charity, these three; but the greatest of these is charity.
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