this post was submitted on 27 Jul 2025
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Why do we try to turn things into gold? The price of gold would collapse if we succeeded, so wouldn't it be completely pointless?
I dunno. I would be cool with it if we stopped mining for Gold with all the environmental problems and found a way to profitably clean up the mercury from past gold mining and places like Grassy Narrows with extensive mercury poisoning.
I would assume that this would lead to a rise in mercury mining instead of cleaning up Mercury contaminations, because that would probably be cheaper. And I don't think mercury mining is any less toxic than gold mining.
That would be great. But what I'm talking about is the collapse of the price of gold.
Since fiat currencies are not connected to gold... no problem?
Who gives a shit about the gold price except for some idiots who think it has some inherent value beyond some applications in electronics.
If you have a monopoly on the process, then its the same as the DeBeers Diamond Cartel. You can keep the price up by limiting the sale and spending a ton of money on marketing.
What's wrong w/ collapsing the price of gold? Gold is super useful since it doesn't oxidize, so it's fantastic in electronics and space stuff. Making that cheaper would be awesome.
I want to sell my gold teeth 😐
Besides the shift to mercury mining others have already listed, you really think that this process is cheaper than mining gold and also cleaner and safer at the same time?
But what about alchemy?