United States Mint Suspends Gold Sales

[uclaLabrat]

1. Grab old electronics.
2. Add cyanide.
3. Regenerate.
4. Profit.
5. Die an agonizing death?

I forget what they use to regenerate the pure metal from the cyano complex, but industrially, cyanide is used to complex gold out of ore, which is then regenerated. I forget what they use to regenerate the metal.

 

[MrWizzard]

I find your post misleading; you are using more like the LOW gold price from 2000 and the HIGH price that gold sells for per ounce now. Maybe you are just buying into what you heard though. I hope that is it. Don't believe me? LOOK

 

[GooeyGUI]

Originally posted by: uclaLabrat
1. Grab old electronics.
2. Add cyanide.
3. Regenerate.
4. Profit.
5. Die an agonizing death?

I forget what they use to regenerate the pure metal from the cyano complex, but industrially, cyanide is used to complex gold out of ore, which is then regenerated. I forget what they use to regenerate the metal.

That's what I saw of a reclamation process by a plant in Silicon Vally. They chopped up all the boards and cards, went through a shredder and the cyanide spray and so forth.

I thought that there may be a way to do it at home. As long as you keep cyanide in a basic solution it won't become gas. Gold is AU++ so it acts like a cation to the cyanide. Thus, replacing the the base solution that has a lesser affinity for the gold.

One of the oldest commercial processes for dissolving gold is the so-called "cyanide process" which is illustrated by the following reaction:

2Au + 1/2O.sub.2 + H.sub.2 O + 4CN.sup.- = 2Au (CN).sub.2 .sup.- + 2OH.sup.-

the cyanide ion forms such a stable complex with aurous gold that when the cyanide ion is present oxygen of the air is sufficient to oxidize gold. The effectiveness of the cyanide process has led to its commercial usage for both extraction of gold from its ores and for the reclamation of gold from gold coated scrap parts. Generally a potassium cyanide solution is used in the "cyanide process". This solution is very toxic and disposing of spent cyanide solution has become a significant and increasing waste disposal and pollution abatement control problem.

Gold has also been dissolved using a mixture of hydrochloric acid and nitric acid, known as "aqua regia", in order to obtain the complex chlorauric acid, HAuCl.sub.4. Aqua regia, however, is extremely corrosive and yields toxic fumes.

In order to avoid the use of very toxic chemicals and mitigate waste disposal and pollution abatment control problems attempts have been made to develop an economically viable process for the reclamation of gold. With the skyrocketing price of gold and industry's concern about ecology a new commercially feasible gold reclamation process has been sought which is relatively safe from a production viewpoint and which mitigates pollution abatement problems.

A new process has now been developed. While not limited solely to reclamation type operations, the new process is particularly effective in recovering gold from parts and devices used in the electronics industry including gold plated printed circuit boards and other gold coated metal, plastic, glass and ceramic parts. Such parts may contain between 2 and 100 micro inches of plated gold. The new process involves the use of a potassium iodide-iodine solution to dissolve the gold. While such a solution has been used to etch out thin film gold circuits in microelectronic devices and to strip plated gold for thickness measurements, potassium iodide-iodine solutions have heretofore been considered too expensive for consideration in any commercial operation for recovering gold.

http://www.freepatentsonline.com/3957505.html

Thanks for everyone's help. :light:

 

[So]

Originally posted by: GooeyGUI
Maybe gold will go down when the $9 trillion, that America is in debt for, is paid off. Since Bush took office, the national debt has risen more than a full third of what it is now. Gold sold for $282 an ounce when Bush took office in January, 2000.

You do realize that we've been off the gold standard for decades now, right. I think you're going to be disappointed when you hear about the demise of the bretton woods system.

 

[Zenmervolt]

Originally posted by: ultimatebob

Originally posted by: PokerGuy
Sigh... how did this turn into a P&N GWB / deficit / surplus / Clinton discussion?

Anyway, if you take a look at the value of gold over time, it's a very very lousy investment vehicle. Your rate of return is terrible compared to many other options......

True, but Gold has more than doubled over the past five years. How many of your blue chip stocks have done THAT lately?

Blue Chips wouldn't. They're too big and steady. A "Blue Chip" stock isn't one that is experiencing high growth, it's a stock from a company that is in a mature phase of its business cycle with a good business model and strong fundamentals that should continue earning a modest return into perpetuity.

Now, my Growth stocks, especially my foreign grown portfolio, have gone up just over 28%. At that rate of growth, they will double in just under three years.

So, essentially, all my stocks have "done THAT lately".

ZV

 

[zinfamous]

Originally posted by: Fritzo

Originally posted by: Tiamat

Originally posted by: SSSnail
Screw all that, let's start another Gold Rush.

While you go do that, i'm gonna go back to lab and more some more carbon nanotubes

At 2000$ per gram, I'm thinking this should work out...

Antimatter costs $300 billion per milligram, and it's very much sought after, so make some of that!

Just don't let it touch anything...

I think I'll stay in the realm of reality (only slightly) and go on an ambergris expedition.

 

[zinfamous]

Originally posted by: K1052

Originally posted by: captains
wheres the link that says the mint pulled the gold and not sold out due to high demand

If you go here and look at the bottom you'll see a short blurb.

Gold coins (from many nations) are readily available from third party companies. I like Bullion Direct for buying gold and silver.

*secretly plots to copy K1052's keys and rob him blind when he's away*

wait a second...did I just think that or did I type it?

 

[Tiamat]

Originally posted by: Fritzo

Originally posted by: Tiamat

Originally posted by: SSSnail
Screw all that, let's start another Gold Rush.

While you go do that, i'm gonna go back to lab and more some more carbon nanotubes

At 2000$ per gram, I'm thinking this should work out...

Antimatter costs $300 billion per milligram, and it's very much sought after, so make some of that!

Just don't let it touch anything...

yeah, but I can't make that in my lab. Carbon nanotubes are much easier to make and can get immediate cash.

 

[K1052]

Originally posted by: zinfamous

Originally posted by: K1052

Originally posted by: captains
wheres the link that says the mint pulled the gold and not sold out due to high demand

If you go here and look at the bottom you'll see a short blurb.

Gold coins (from many nations) are readily available from third party companies. I like Bullion Direct for buying gold and silver.

*secretly plots to copy K1052's keys and rob him blind when he's away*

wait a second...did I just think that or did I type it?

I'll let where I leave my bear traps be a surprise.

 

[LTC8K6]

You can find some gold coins still for sale at the mint such as the 90% $5 Jamestown coins.

 

[zinfamous]

Originally posted by: K1052

Originally posted by: zinfamous

Originally posted by: K1052

Originally posted by: captains
wheres the link that says the mint pulled the gold and not sold out due to high demand

If you go here and look at the bottom you'll see a short blurb.

Gold coins (from many nations) are readily available from third party companies. I like Bullion Direct for buying gold and silver.

*secretly plots to copy K1052's keys and rob him blind when he's away*

wait a second...did I just think that or did I type it?

I'll let where I leave my bear traps be a surprise.

bah, those legs will grow back.

..or I'll just replace them with solid gold legs

 

[HomerJS]

Originally posted by: destrekor

Originally posted by: jjones

Originally posted by: FeuerFrei
You may notice that the federal deficit has dropped a lot since the tax cuts were enacted ('02 was it?); thanks GB. Of course teh Democrats opposed these tax cuts because they enjoy a high deficit or perhaps economics is just over their head.

I don't know if that's even true, but if it is, oh wow, the deficit dropped... the fed government didn't overspend as much as they usually do. How about they impress us with a budget surplus instead. And correct me if I'm wrong, but wasn't the last budget surplus in Clinton's term?

ugh
you can't turn a deficit into a surplus without some major cutbacks and ways of putting money back into the system. This doesn't happen overnight. The deficit dropping should be good enough news to anyone, because that means not only are we not spending the budget, but spending a lot less and not giving as much back.
Clinton had a surplus, because he didn't have major issues to fund. And people really need to get off their high horse and realize GWB is NOT the only person in the government, and in reality has very little control over major decisions. At worst he can do is veto something, but to do something anything he needs support from Congress.
You want change? Make change happen in Congress.

And we all know Republicans held the line on spending when they were in charge of everything, cough....cough....bridge to nowhere....cough.

 

[TreyRandom]

Excellent! Now, how do I go about selling my high school class ring?