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(Reuters)   There's gold in them there Egyptian dunes. What's been discovered is just the tip of the pyramid   (reuters.com) divider line
    More: Spiffy, Gold mining, Gold mining in China, Gold, California Gold Rush, Investment, Gold rush, Mineral, Barrick Gold  
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1610 clicks; posted to Business » on 23 Apr 2021 at 12:20 PM (2 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



20 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2021-04-23 10:41:56 AM  
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New season to be announced in 3, 2, 1
 
2021-04-23 12:23:56 PM  
1.bp.blogspot.comView Full Size
 
2021-04-23 1:26:23 PM  

FrancoFile: [1.bp.blogspot.com image 640x423]


Please do not throw hands at me.
 
2021-04-23 1:30:33 PM  
buried in the tombs of their ancestors, most likely.
 
2021-04-23 1:52:53 PM  
It's in the Eastern desert where prisoners were sent to mine for minerals during the Pharaonic era. From what I remember, they did mine metals and semi-precious stones out there. Out that way was also one of the early trading routes to Mesopotamia, Kush, and other cultures.

I can't remember if there was any Egyptian to Indus Valley trades.
 
2021-04-23 2:51:27 PM  
This seems like a good story for me.
 
2021-04-23 2:53:14 PM  

FrancoFile: [1.bp.blogspot.com image 640x423]


"Kill the doctor.  Kill the doctor...."
 
2021-04-23 4:42:59 PM  

SirEattonHogg: FrancoFile: [1.bp.blogspot.com image 640x423]

"Kill the doctor.  Kill the doctor...."


That is a "D" unit.... d for dumb.  Single function units that cant speak.
 
2021-04-23 4:50:09 PM  
I'd like to see a mashup where Nicolas Cage races Indiana Jones to find the treasure.
/ Although which one would I root against?
 
2021-04-23 5:01:51 PM  

SPARC Pile: It's in the Eastern desert where prisoners were sent to mine for minerals during the Pharaonic era. From what I remember, they did mine metals and semi-precious stones out there. Out that way was also one of the early trading routes to Mesopotamia, Kush, and other cultures.

I can't remember if there was any Egyptian to Indus Valley trades.


Lapis Lazuli was in great demand in ancient Egypt, and it all came from far northeastern Afghanistan.  So yes.
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Fark user imageView Full Size
 
2021-04-23 5:13:12 PM  
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2021-04-23 8:29:25 PM  

DORMAMU: SirEattonHogg: FrancoFile: [1.bp.blogspot.com image 640x423]

"Kill the doctor.  Kill the doctor...."

That is a "D" unit.... d for dumb.  Single function units that cant speak.


I heard a cry.
 
2021-04-23 10:50:07 PM  
High risk environment, not surprising gold is the mineral they open up first. Copper etc doesn't attract the higher risk tolerance that gold brings to the table. They just changed their system so the industry has a bunch of uncertainty to deal with.

I try to be as environmentally conscious as I can but the people in TFA comments crying that gold has no place in a low-carbon environment need to understand that the global mineral extraction industry doesn't really care about that. Tax ownership of gold outside of industrial uses by 100% and demand will slump. As in, the tax is due every time it changes hands.

As long as demand by gold bugs is high, gold will be extracted somewhere.
 
2021-04-24 12:12:29 AM  

beezeltown: [Fark user image image 425x238]
New season to be announced in 3, 2, 1


I smell the return of the Hoffman crew.
 
2021-04-24 2:17:11 AM  

NoGodsButtMan: Tax ownership of gold outside of industrial uses by 100% and demand will slump. As in, the tax is due every time it changes hands.

As long as demand by gold bugs is high, gold will be extracted somewhere.


Ancient Egypt got its gold from the same places.

They can cooperate with and tax legal companies searching for and extracting it, or they can keep the current system of illegal mining and absolute corruption.

You aren't going to get the entire world to outlaw private ownership of gold.  That's silly.
 
2021-04-24 10:48:19 AM  

Nonrepeating Rotating Binary: NoGodsButtMan: Tax ownership of gold outside of industrial uses by 100% and demand will slump. As in, the tax is due every time it changes hands.

As long as demand by gold bugs is high, gold will be extracted somewhere.

Ancient Egypt got its gold from the same places.

They can cooperate with and tax legal companies searching for and extracting it, or they can keep the current system of illegal mining and absolute corruption.

You aren't going to get the entire world to outlaw private ownership of gold.  That's silly.


I'm not arguing that we will, just that they will keep opening up new mines until something happens to stop demand.

My own opinion is that if something is valuable it will be extracted, consequences be damned. You prevent extraction by reducing demand like we did with coal. A combination of factors drove that. If gold prices are being supported primarily by speculation, the only ways to curtail that would be to a) get people to not fear the future, b) introduce a less-damaging alternative, and I have no idea how to approach that considering the long history of gold as a currency, or c) increase cost of ownership to reduce demand. C is the most feasible route but only because it reserves more gold for the truly wealthy.

I'm not advocating for it, even that has a considerable chance of backfiring as the nuts push conspiracy theories about why it is happening. But at least if you put the taxes collected into R&D and installation of new upgraded infrastructure that is much more efficient and low-carbon, something positive might come out of it in the long term.

Ain't gonna happen though.
 
2021-04-24 11:05:34 AM  

DRTFA: I'd like to see a mashup where Nicolas Cage races Indiana Jones to find the treasure.
/ Although which one would I root against?


The nazi snakes.
 
2021-04-24 2:22:58 PM  

DRTFA: I'd like to see a mashup where Nicolas Cage races Indiana Jones to find the treasure.
/ Although which one would I root against?


Why not both?
 
2021-04-24 2:36:02 PM  

DRTFA: I'd like to see a mashup where Nicolas Cage races Indiana Jones to find the treasure.
/ Although which one would I root against?


"The ancient Egyptians cleverly hid their treasure in the form of dust inside these mountains of rock. We'll cleverly save it with this pickaxe and 87 years of work."
 
2021-04-24 8:52:13 PM  

etoof: beezeltown: [Fark user image image 425x238]
New season to be announced in 3, 2, 1

I smell the return of the Hoffman crew.


Wonder how they would pair with the Muslim Brotherhood.

/probably pretty well
 
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