The Coming Collapse of Gold

Photo by Bjørn Christian Tørrissen

 Gold has been a store of value since the dawn of civilization, but that's about to change.  Gold prices are going to plummet in the future - permanently.  I can't give you  a date, but I can tell you how it will happen.

In all of human history we have managed to pan, blast, and pry about 176,000 metric tonnes of gold from mother earth.  While the oceans are estimated contain about 20 million tons of dissolved gold.  The gold is very low in concentration, about one milligram in a ton of sea water.

Although many people have tried to extract the gold from the sea, none have done so successfully.  The most famous was German chemist Fritz Haber who tried to pan the oceans for gold to repay Germany's war debt.  Many swindlers have tried to sell the idea, but only succeeded in mining gullible rich people.

Photo by US Mint

 But that will change in the future.  A few methods may be possible to rob Poseidon of his wealth.
1.  Microbes are known to take dissolved gold and produce solid gold.  Pedomicrobium 
is an example as is Delftia acidovorans . These could be genetically altered to increase their yield.

2.  Designing sheets of materials that have an affinity for gold and placing those in ocean currents.  The sheets are anchored to the sea floor and recovered months later after filtering the precious metal.  Japan has used a process like this to test the recovery of Uranium..  Uranium is much more abundant in ocean water, 4.5 billion metric ton, but the concept is the same.
3.  Plants like kelp could be genetically engineered to have an affinity for gold and then be harvested.  Although this solution has many obvious issues.  Otters with gold-capped teeth anyone?

Photo by Bullion Vault

As material science progresses, it is just a matter of time before we can start to pan the oceans for gold.  It may take 10 years, or 50, but eventually someone will crack the code.  When they do, vast new quantities will pour into the world's markets permanently depressing the gold market.

Move over 1080p, 4K is on the way

Just when you were getting smug with your 3D 1080p video display, the International Telecommunications Union (ITU) just adopted specs for the next generation of video called "Ultra High Definition Television", UHDT.

The new spec comes in two flavors, 4K and 8K. 4K means the pixel count is 3,840 x 2,160 giving 8 megapixels per screen, instead of today's 1,080 x 1920 pixels which has 2 Megapixels. The 8K version packs 32 megapixels. This will be wonderful.

Already Peter Jackson and others are shooting in this new format. Get ready to re-buy all your favorite movies - again and start saving up for that new 4K screen.

But where will the madness end? I'll tell you. 576 megapixels. That's the estimated resolution of what the eye can really detect. Doing a little math for a 16x9 ration screen, [(16x)(9x) = 576Megapixels, solving for x gives us 2Megapixels] yields a screen 32Meg by 18Meg.

But, ultimately we will use individual glasses where an image is directly written to each retina by a tiny laser giving us crisp perfect 3D pictures. Yeah, lasers writing to our eye balls, creepy, but get over it - it's the future.