The Underworld Of Gold Mines - Why Is It SO RARE?

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JRE-Daily-Updates

3 ай бұрын

The Underworld Of Gold Mines - Why Is It SO RARE?
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Mariana van Zeller is the host and executive producer of National Geographic's "Trafficked with Mariana Van Zeller."www.nationalgeographic.com/tv/shows/trafficked-with-mariana-van-zeller
This clip was taken from the JRE episode #2092 w/ Mariana Van Zeller
Host: Joe Rogan @joerogan
Producer: Jamie Vernon @jamievernon
Guests: Mariana Van Zeller

Пікірлер: 351
@chicagorillaz1741
@chicagorillaz1741 2 ай бұрын
Gold is used in ALMOST every electronic we use. Id say pretty valuable on that aspect alone
@rendkee11
@rendkee11 2 ай бұрын
Yeah I was surprised Joe didn't know this for as intelligent as he is.
@user-vj1bi6bc3t
@user-vj1bi6bc3t 2 ай бұрын
Its not in every electronic. There are many circuit boards and other electrical devices that dont have gold. This is just a false statement. It is a very good conductor of electricity but that means little for why the ancients valued it, they liked it for a different property. I am surprised joe doesnt know why ancients liked it.
@raymondkidwell7135
@raymondkidwell7135 2 ай бұрын
Silver and gold doesn’t rust. Is easy to smelt and work with. Has antimicrobial properties and are super conductors. This combined with being rare and useful in jewelry. Not like a ruby that is only used for jewelry. If you have a gold coin it’s still the same 1,000 years later. What else could you buy that doesn’t decay or rust? Hence it’s used as money.
@user-vj1bi6bc3t
@user-vj1bi6bc3t 2 ай бұрын
@@raymondkidwell7135 Silver will rust, we call it patina
@gregorytrevaskis3794
@gregorytrevaskis3794 2 ай бұрын
Joe thinks diamonds have no use too😂 Zero concept of supply and demand 👍
@illumstern8831
@illumstern8831 2 ай бұрын
The funny thing is diamonds are actually pretty common. They just limit the number that go out into circulation so the price is artificially inflated.
@MbisonBalrog
@MbisonBalrog 2 ай бұрын
Artificial diamonds compete with natural diamonds in the industrial sector.
@jackwalker9492
@jackwalker9492 2 ай бұрын
Nothing says I Love You like a rock dug out of the ground by child slave labor and notorious DeBeers LOL1@@MbisonBalrog
@samsmobilepressurewashing8422
@samsmobilepressurewashing8422 2 ай бұрын
Lab diamond's can be made, can't make gold
@functionalvanconversion4284
@functionalvanconversion4284 2 ай бұрын
👌debeers
@victoryoneable
@victoryoneable 2 ай бұрын
@@functionalvanconversion4284 De Beers also have the highest market share of synthetic diamonds.
@boysagainstdepression1086
@boysagainstdepression1086 2 ай бұрын
Gold is one of the best conductors of electricity. What do you mean it does nothing for us?😅
@seeharvester
@seeharvester 2 ай бұрын
Joe no know.
@rbalexander
@rbalexander Ай бұрын
Copper is a better conductor of electricity than gold.
@coalroller24
@coalroller24 Ай бұрын
Silver is best conductor electricity
@boysagainstdepression1086
@boysagainstdepression1086 Ай бұрын
@@rbalexander Yes, but gold lasts way longer due to not corroding quickly. 🙂
@boysagainstdepression1086
@boysagainstdepression1086 Ай бұрын
@@coalroller24 I said "one of" 😅
@SamP0rterBridges
@SamP0rterBridges 2 ай бұрын
I remember in high school when an ounce of gold was $300. The same price as an ounce of weed at the time.
@theboringchannel2027
@theboringchannel2027 2 ай бұрын
gold is 7x the price and weed is 1/2 the price now.
@IloveDoubleD
@IloveDoubleD 2 ай бұрын
I remember good weed at 10 bucks an oz. That was the early 70s of course.
@theboringchannel2027
@theboringchannel2027 2 ай бұрын
@@IloveDoubleD mexican brick at that price, unless you were lucky and got some thai stuff smuggled in by solders.
@yelapa999
@yelapa999 2 ай бұрын
@@IloveDoubleD I remember that, while we did feel it good at the time, it was complete junk by today's standards. Half the weight was male, it was parched in the sun before shipping, and included woody sticks. Still. Good times. Never complained about not being high enough. Ha!
@DustinMercer
@DustinMercer 2 ай бұрын
cigs and a six pack were 2 bucks.@@IloveDoubleD
@user-mm8vw1ow1x
@user-mm8vw1ow1x 2 ай бұрын
Silver for spending, gold for saving
@pcproffy
@pcproffy 2 ай бұрын
High purity gold is resistant to oxidation, so it stays looking pretty and yellow forever. Other metals all "rust". Thus gold was always special.
@siphotheguy1870
@siphotheguy1870 2 ай бұрын
silver doesn't rust
@user-vj1bi6bc3t
@user-vj1bi6bc3t 2 ай бұрын
@@siphotheguy1870 yes it does. We usually call silver rust... patina
@pcproffy
@pcproffy 2 ай бұрын
@@siphotheguy1870 you're correct pure silver doesn't react oxygen (rust). However it does react with sulphur in the air (tarnish). It creates a black residue.
@anything6398
@anything6398 2 ай бұрын
​@@pcproffyThank you that was actually interesting 🧐
@darkwillis416
@darkwillis416 2 ай бұрын
Which is why powerful computers use gold in the chips because they wont oxidize and extend the longevity of these very expensive machines.
@sovonbrenneman7783
@sovonbrenneman7783 2 ай бұрын
It's a precious thing because it lasts forever and doesn't tarnish.nothing else does that
@seeharvester
@seeharvester 2 ай бұрын
thank you
@Nordy941
@Nordy941 2 ай бұрын
Gold doesn’t corrode core tarnish. Gold, silver & copper the three monetary metal are all diamagnetic an interesting property where the metal slightly repels a magnetic. Makes the magnetic like float. Also goldl It’s very dense, making it easily recognizable when holding it also, it’s a fantastic conductor of electricity. Also if you heat it up or cool it down it retains that temperature for a long time excellent insulator.
@jackwalker9492
@jackwalker9492 2 ай бұрын
Interesting stuff! Thank you!
@cailou32
@cailou32 2 ай бұрын
Attracts not repels.
@victoryoneable
@victoryoneable 2 ай бұрын
It can also be drawn into wire thinner than a hair. It can be beaten into sheets so thin that they're translucent. It's the only metal other than copper which is not coloured silver.
@thomaswallace4620
@thomaswallace4620 2 ай бұрын
I think gold is remarkable because it does not rust or tarnish, it is very malleable and an excellent conductor of current. Until recently with the discovery of graphene I think gold was the best conductor. (Maybe I'm wrong not an expert) I've even read accounts of the hanging gardens of Babylon using gold wires to power devices similar to Archimedes screws to pump water uphill...
@davidvondoom2853
@davidvondoom2853 2 ай бұрын
Gold is also very soft, for a metal. It's easily shaped and moulded into jewellery, statues, decorations. Add in it's resistance to rust and it became very a popular metal to make jewellery out of. Many early civilizations were making things out of gold and bronze before other metals.
@user-vj1bi6bc3t
@user-vj1bi6bc3t 2 ай бұрын
Do you have a source for the gold wires in the garden?
@seeharvester
@seeharvester 2 ай бұрын
@@user-vj1bi6bc3t internet, therefore, bs.
@Imakebootysclap
@Imakebootysclap 2 ай бұрын
I heard silver conducts electricity better
@Imakebootysclap
@Imakebootysclap 2 ай бұрын
copper is number 2 and much cheaper
@gabrielshaw4729
@gabrielshaw4729 2 ай бұрын
because it doesn't rust.....its rare and you can store it forever...it has many uses, but it's too rare and expensive to use in industry....I come from the semiconductor industry and it is very useful there, but too expensive and rare.
@michaelrusch1336
@michaelrusch1336 2 ай бұрын
Joe you should do your research it’s highly versatile and it doesn’t corrode. It’s necessary for certain electronics.
@scotts1356
@scotts1356 2 ай бұрын
BINGO
@Imakebootysclap
@Imakebootysclap 2 ай бұрын
not really, its not as good as coper or silver and not really "necessary" other than to make electronics cost more
@dannypope1860
@dannypope1860 2 ай бұрын
Gold was so valuable in the past because it’s easy to smelt, it doesn’t rust or tarnish, it’s rare, and it’s pretty.
@user-vj1bi6bc3t
@user-vj1bi6bc3t 2 ай бұрын
Also, it is easy to shape into jewelry
@Imakebootysclap
@Imakebootysclap 2 ай бұрын
its also poop from the gods, who doesnt want a piece of god poop?
@theosky7162
@theosky7162 Ай бұрын
Does NOT 'corrode'. = 'To destroy a metal or alloy gradually, especially by oxidation or chemical action'. Is 'malleable'. = 'Capable of being shaped or formed, as by hammering or pressure'. Is 'ductile'. = 'Can sustain plastic deformation under tensile stress before failure, ie: it stretches without breaking'. Superior thermal and electrical conductivity, ie: it transfers heat and electronic signals extremely well. Gold's utility and durability, combined with exceptional luster, reflectivity, and alluring color make it truly unique. Rarity makes it precious.
@tazyt3388
@tazyt3388 2 ай бұрын
As a prospector here in Tasmania gold is in lots of creeks with the right techniques we find it all the time just gotta go look you’ll find it
@Gravora
@Gravora 2 ай бұрын
Because it is common enough to use as a currency but not so common as to create hyper inflation from digging it out of the ground.
@jurrione
@jurrione Ай бұрын
Even if you don't think it is pretty, gold is very useful Joe. There is a lot of gold used to get you on my screen with sound. Gold has some special properties as the way it reflects UV-light and infra red. And it never gets dull after a polish. Very few things take and keep shine like gold. Ask King Tut.
@mrparrehesian1742
@mrparrehesian1742 2 ай бұрын
Gold doesn't tarnish or react chemically with anything. It's malleability is extreme and no other metal compares to any of these qualities. The use cases are many but unless we are sending the technology to space or extremely high tech devices requiring zero failures in quality control the metal is best kept in storage. Wait for the future, Gold will step into its use case on a quantum technology product.
@C.Fecteau-AU-MJ13
@C.Fecteau-AU-MJ13 2 ай бұрын
We mine it for the Annunaki... That's where most of it goes.
@user-dc9rf1sy1m
@user-dc9rf1sy1m 2 ай бұрын
Found the pot smoker
@chrisheinzelmann3814
@chrisheinzelmann3814 2 ай бұрын
Love the story just not sure if it's true
@C.Fecteau-AU-MJ13
@C.Fecteau-AU-MJ13 2 ай бұрын
@@chrisheinzelmann3814 I used to think of all the ancient astronaut theories as nothing more than some fun for when you're really, really high... Then I got older and heard some even more frightening shit straight from the mouth of a man I respect more than other human alive. Check out a film called **The ObjectIve** You should be able to find it on here. Officially it's a fictional story, but I know some guys who were in Afghanistan at the time, serving in tier one Australian operations, during the very early 00s (some before the towers came down). They swear the script based on tales of a handful of real missions that took place, using Australian and British tier one forces, under the command of US Intel. If I didn't know the C/O of that group of men better than my own brother, I would have thought he'd finally gone over the edge. Nothing I've ever heard him, or his mates talk about has made them squirm, but recounting those stories very much did.
@TThompson81
@TThompson81 2 ай бұрын
Deep thoughts brother I’ve always felt the same way
@C.Fecteau-AU-MJ13
@C.Fecteau-AU-MJ13 2 ай бұрын
@@user-dc9rf1sy1m What gives you that impression **rips bong**
@michaelrusch1336
@michaelrusch1336 2 ай бұрын
Also there is a lot more on earth that’s just what we’ve found. Also a lot of gold on earth isn’t accessible due to its deep in the earths crust/mantle
@divadrestas
@divadrestas 2 ай бұрын
Same as obsessing over a ancient sword when you can have one made a thousand times better modernly
@muckfoot-4093
@muckfoot-4093 2 ай бұрын
gold looks amazing, can stare at it for hours.
@a_grown_ass_kid
@a_grown_ass_kid 2 ай бұрын
Besides the fact that it's an interesting yellow metal(which adds on to the rarity Joe was talking about), I know gold is used for electronics, I think because it's a good conductor, I also know that it's a vital layer in an astronauts helmet, protects them from the bright sun's glare I think, which makes me wonder about that Anunaki conspiracy but if we're keeping it in our known reality, gold is a vital and beautiful metal, I also prefer silver jewellery though, it's more classy and understated lol but I've seen beautiful gold works of art, plus gold just works with other colours like white and blue better than silver ever can 🤤
@bryanergau6682
@bryanergau6682 2 ай бұрын
It doesn't rust either.
@7996hobguy
@7996hobguy 2 ай бұрын
244 thousand tons of gold has a street value of 17.5 trillion dollars today.
@kowalabearful
@kowalabearful 2 ай бұрын
The USA's debt sits currently at 34 trillion
@7996hobguy
@7996hobguy 2 ай бұрын
@@kowalabearful With 166 million taxpayers in the US, they each owe $205,000
@brettffff344
@brettffff344 2 ай бұрын
I work in a mine in south Australia where they have found a gold wall underground..meters thick and hundred meters long...theres so much gold that they can't mine it...if they do it'll crash the price of gold to zero...but they do take just enough each year to pay the miners wages
@MbisonBalrog
@MbisonBalrog 2 ай бұрын
@@7996hobguyI expect the debt to keep increasing with all the migrants getting freebies, all the foreign aid money, frivolous lawsuits govt loses in the tune of millions, reparations. Someone has to swipe their credit card.
@svenbruder9977
@svenbruder9977 2 ай бұрын
@@brettffff344really? What mine?
@ag3ntmp339
@ag3ntmp339 2 ай бұрын
Precious metals and diamonds are interesting because they're value is most when limited and large in size but most useful in small worthless quantities
@jackwilliams7738
@jackwilliams7738 2 ай бұрын
Diamonds are used in construction for diamond saw blades
@CuttinEJ
@CuttinEJ 2 ай бұрын
Because it can be beaten into a foil way thinner than a hair. It can be drawn into a wire just as thin. In that condition it can bend extremely without breaking. It’s an excellent conductor of electricity. It’s reflective enough to shield delicate components on spacecraft. And it never oxidizes.
@MV12267
@MV12267 2 ай бұрын
I was arguing with my friend about gold i said ammo, alcohol, cigarettes will be way more valuable than gold. No one is trading for gold in an apocalyptic situation 😂
@tjv6976
@tjv6976 2 ай бұрын
Your friend was right.
@axileas356
@axileas356 2 ай бұрын
In an apocalyptic situation I agree with you 100%.
@Patrick-np7qq
@Patrick-np7qq 2 ай бұрын
2 verry different things. You don't buy Gold to prepare for an apocalyptic event. You buy Gold to invest your money to have an asset in case of an inflation!
@MV12267
@MV12267 2 ай бұрын
@@Patrick-np7qq I'm talking like you have a small safe of gold worth around maybe 10k. Idk nut im trading ammo, alcohol, guns, cigarettes for gold
@silverman5707
@silverman5707 2 ай бұрын
Gold will be good when the dust settles, when the USD turns to crap.
@chubbcharles
@chubbcharles 2 ай бұрын
Gold is said to harness and emit a certain energy making it valuable, another reason why some pyramids used to be coated in gold.
@brironmanbtl1162
@brironmanbtl1162 Ай бұрын
Gold can only be made from a star implosion/explosion/ super nova. However, I've seen a video where we can now make it in a super collider. 1 gram of gold would take 4.5 billion years and use an unbelievable amount of energy.
@alexsaam2696
@alexsaam2696 2 ай бұрын
What makes precious metals valuable is that they don't oxidize so could be kept in any condition for long time without deterioration. Perfect for currency. Plus now it's used for electrical conduction in electronics. Makes it very valuable
@Pvstt
@Pvstt 2 ай бұрын
02:20 According to Egyptians etc. Gold does more then just look pretty
@Thatchef59
@Thatchef59 2 ай бұрын
It’s in every weapons that uses electronics
@dixonpinfold2582
@dixonpinfold2582 2 ай бұрын
The most amazing way of putting it is that all the gold ever mined would if melted together make a cube measuring not even 70 feet on a side. Hard to believe but true. A ton, btw, makes a 14" cube.
@Chrisp_az
@Chrisp_az 2 ай бұрын
Remember when they forced everyone to sell there gold at a cut rate??
@GaryPierron-ym7xm
@GaryPierron-ym7xm 2 ай бұрын
When was that?
@rrck6610
@rrck6610 2 ай бұрын
In the 1930's Roosevelt made it illegal to own gold punishable by $10,000 fine or 10 yrs. Everyone told to turn in gold to the banks for $20 oz then after they got enough of it from the citizens they revalued it at $35 oz. So much for a free country huh.
@user-be2bs1hy8e
@user-be2bs1hy8e 2 күн бұрын
Gold has it own gravity. If you place a chunk of gold n the sand next to a larger rock - over time will naturally burrow into the sand under the rock and out the other side. rubies are worth a lot. Just you need them to be raw or uncut for high resell value. Cut stone do not have that high of a price tag.
@TheShadowCamo
@TheShadowCamo 2 ай бұрын
Gold doesn't tarnish, it comes out of the ground shiny and stays shiny forever. That's why it's valuable. Diamonds are complete horse shirt! Yeah there's tons of diamonds out there, they just control the market so closely it just a fabricated rarity. But if you need industrial grade diamonds for making saw blades and abrasive discs etc., don't worry we have tons for dirt cheap to produce all this stuff. LOL.
@paulkramer3968
@paulkramer3968 2 ай бұрын
There is a lot more gold than the public is allowed to know about. Hundreds of thousands of tons. Gold warriors is a good book on it.
@briagarri275
@briagarri275 2 ай бұрын
We used gold as money due to it's rarity and malleable ability. It has been money for over 5 thousand years. Our currency is subject to massave inflation and deflation. It's true value belongs to those that conjure it in to existence. As Thomas Jefferson said, if we allow banks to print money first by inflation then by deflation our children will wake up pennieless in the streets there for fathers had concord. You can't just print gold or dig it up so easily it must be earned. Honest money, Gods money.
@elchefreedom5063
@elchefreedom5063 2 ай бұрын
Gold, one of the most conductive of electricity metals we have available. That’s why it’s in every smart device and computer, tv, etc.
@Imakebootysclap
@Imakebootysclap 2 ай бұрын
coper works better and is cheaper
@mesger_makes_and_grows3826
@mesger_makes_and_grows3826 2 ай бұрын
Gold is used in electronics. That’s why it’s sought after mostly
@kahnfu-zhin8627
@kahnfu-zhin8627 2 ай бұрын
Originally gold was revered as the tears of the gods. A big part of its appeal is due to its traditional association with the divine.
@2bittesla
@2bittesla 2 ай бұрын
Non corrosive properties make for the best electrical contacts. Silver is the best delivery source to the contact.
@falcosparverius1
@falcosparverius1 2 ай бұрын
Gold that is accessible is rare, it is likely common in the core of rocky planets.
@rbalexander
@rbalexander Ай бұрын
Gold IS money because it is divisible, portable, durable, fungible, scarce, and easily recognizable.
@nilamotk
@nilamotk Ай бұрын
Golds only real valuable use is that it makes a REALLY good electrical switch.. you phone basically requires gold inorder to function at the speeds it does.
@lawrencefranck9417
@lawrencefranck9417 2 ай бұрын
It’s the hoarding of diamonds that makes them valuable.
@darryllandry9904
@darryllandry9904 2 ай бұрын
Above ground gold. Nobody knows how much in ground gold there is. Exploration continues.
@The67wheelman
@The67wheelman 2 ай бұрын
It became valuable due to not tarnishing. A amazing thing to ancient man and it seemed almost magical so its value went up and that was carried forward and more and more uses were discovered
@liquidreality472
@liquidreality472 Ай бұрын
It's symbolic of being ireplicable and uncorruptible. You could leave it at the bottom of the ocean, bring it back up in 1000 years and its qualities would be uneffected.
@jasonhopper2680
@jasonhopper2680 2 ай бұрын
The demand for gold for “tech” will demand that personal possession be undermined in the near future just wait for it!
@limbchicken8495
@limbchicken8495 2 ай бұрын
we are programed by the aliens to seek it out because its the base of technology circuits in every cell phone
@stevekurtz1383
@stevekurtz1383 2 ай бұрын
SMH. Gold is a necessity for tech. Rubies are easily created, but gold on the other hand must be found.
@adventuresofaliftime4989
@adventuresofaliftime4989 2 ай бұрын
There is far more gold then people realize it's just so small and spread out that it's not profitable to mine at the current price.
@ShaneHarderPhoto
@ShaneHarderPhoto 2 ай бұрын
I bought my wife a synthetic diamond, it’s much clearer than a real diamond and my wife loves it. My jeweler said he could tell but only because it was too perfect.
@josephhruby3225
@josephhruby3225 2 ай бұрын
Time for Rogan to have a Metals expert on the show ?
@MikeStivicATS
@MikeStivicATS 2 ай бұрын
Gold is used in a wide selection of electronic equipment. Its hardly a useless soft metal.. Now, whats interesting to me, is why was it so coveted Before modern technology required it.
@Imakebootysclap
@Imakebootysclap 2 ай бұрын
modern technology doesn't require it, that's a lie people keep regurgitating, both silver and coper are cheaper and work better. It's just a scam to make you over pay for electronics.
@Imakebootysclap
@Imakebootysclap 2 ай бұрын
it was thought of as god poop in some cultures, it came from space long ago, gold isnt really from earth.
@extranorm3153
@extranorm3153 2 ай бұрын
Diamonds were a manufactured scarcity by the De Beers company... The bought all the mines, slowly released them as of they're rare... And put forth propaganda in Hollywood movies... Diamonds are forever... Diamonds are a girl's best friend... This engagement ring isn't a diamond.... Look at that rock... Then they got the rappers in on it... Promoting bling
@TroyJScott
@TroyJScott 2 ай бұрын
I don’t want a man made diamond! I want one dug out of the earth.
@Caberbalschnit
@Caberbalschnit 2 ай бұрын
Yea, theres an insane amount of undocumented gold that tons of companies are refining as an untaxable reserve.
@viklund2725
@viklund2725 2 ай бұрын
Guldet är lätt att bearbeta gjuta eller smida i olika former och det tappar inte sin glans även om det är flera hundra år gammalt
@user-vn5go1ko9w
@user-vn5go1ko9w 2 ай бұрын
What if... gold was grinded down to a fine dust and fused to cells like nano type... then this extends life to 40 to 80k years
@shortstoshorts5874
@shortstoshorts5874 2 ай бұрын
now, we can turn Human ashes into diamond.
@gardenlifelove9815
@gardenlifelove9815 2 ай бұрын
Gold is extremely conductive, gold atoms are good for the body and there have been studies of monoatomic gold that heals dna and makes people age backwards slightly.
@IloveDoubleD
@IloveDoubleD 2 ай бұрын
Silver corrodes, gold does not. Gold is in every phone and computer on the planet Joe. Its a tiny amount about 60 cents worth but there are a crap load of phones and computers Joe. Also it going to be required for space, and it's used in satellites.
@johndodson8464
@johndodson8464 2 ай бұрын
What about all the wedding rings and watches? Tooth fillings, computer components, Notre Dame dome? There's more gold than in that picture.
@MbisonBalrog
@MbisonBalrog 2 ай бұрын
That what I thinking. How the jewelry stores have enough supply? Plus you ever hear of gold schnapps? Or edible gold? How they have enough supply?
@johndodson8464
@johndodson8464 2 ай бұрын
@@MbisonBalrog Just think about Trump's toilet and Lil' Wayne's grill. 🤣
@Casiotron74
@Casiotron74 2 ай бұрын
It appears to be more because pure gold is cut down. Pure gold is rarely used in jewelry. 10 k gold is only 41% gold, it is the minimum amount necessary to call it gold. 14 k gold the most common in jewelry around the world is 58%. 18 k the one in fancy jewelry is 75%.
@MbisonBalrog
@MbisonBalrog 2 ай бұрын
Ah so those jewelry store clerks have no idea what they are talking about. They told me the whole ring is made of gold. Then is 24K gold, 100% gold?@@Casiotron74
@thedanieljamesjeff
@thedanieljamesjeff 2 ай бұрын
Wow. "Jamie pull up gold, i wanna see what this shiny yellow nonsense even does for humanity..." *Spongebob man 2 hours later...* "Okay, so its in pretty much everything does everything and is vital in the development of future technologies including space travel... you know what, ive changed my mind, i like this gold stuff..."
@phoenixmichaels
@phoenixmichaels 2 ай бұрын
For money to work and be stable, it has to be rare, durable, divisible, fungible, and portable. Gold hits all of these out of the park. When we all agree to use something as money, it has to have rules and limitations which are super difficult to violate. Gold enforces those rules with real authority. You can't print gold like dollars. You can't flood the money supply because it's so rare. Gold gets its value because of the time and effort humans have to expend to collect and refine it. Until you start the usual f4ckery i.e. diluting the purity of gold coins (as they did when Rome was collapsing) it is inflation resistant like no other means of storing the value of our productive efforts. Gold is not even actually indigenous to Earth: All of the gold found on Earth came from the debris of dead stars... showered here, not originating here. As the Earth formed, heavy elements such as iron and gold sank toward the planet's core. If no other event had occurred, there would be no gold in the Earth's crust. But around 4 billion years ago, Earth was bombarded by asteroid impacts. These impacts stirred the deeper layers of the planet and forced some gold into the mantle and crust.
@RandySmith-iz1ml
@RandySmith-iz1ml 2 ай бұрын
The amount of gold in the world is "only" the amount that has been mined to date "so far"! It doesn't mean there isn't another 10 times as much or more still in the ground. As soon as price doubles or more, don't you think the mines would be much more active producing more and thus reduce the price again? Don't be fooled.
@dionchaney3865
@dionchaney3865 2 ай бұрын
when sunlight hits gold it cleans the air around it. look it up
@i_dont_live_here
@i_dont_live_here 2 ай бұрын
It’s a noble medal? It’s useful in high technology? Come’on Joe. Also, yes, you go over the diamond before you buy it. Are y’all high??? Love your show❤❤❤❤
@igobyplane
@igobyplane 2 ай бұрын
decree by kings and the ability to use it to extract taxes is why it's historically been money
@kennethgarrow5692
@kennethgarrow5692 2 ай бұрын
Gold never rots or decay’s gold is forever water proof
@ninjamoves3642
@ninjamoves3642 2 ай бұрын
an ounce of gold can be flattened and stretch for miles
@joaminow6943
@joaminow6943 2 ай бұрын
J.R. - It is not just cell phones. Add your virtue signaling electric car, solar panel and windmill to the list of unethically sourced "medals of honor".
@MbisonBalrog
@MbisonBalrog 2 ай бұрын
Was gold worth more than silk back in the day?
@oso9809
@oso9809 2 ай бұрын
I have always wondered how much gold is super deep in the earth?
@brianstone4302
@brianstone4302 2 ай бұрын
Mr Joe weapons exist because of its conductivity there are just tons of uses like anything else.Gold also has powers lol.Not really but it sure makes people and groups very powerful
@ashwynn4177
@ashwynn4177 Ай бұрын
I saw research where it said all the gold on and in the earth who'd cover the entire planet to a depth of 1 meter thick!!
@jamesstepp1925
@jamesstepp1925 2 ай бұрын
Gold is only rare on the earth, not in space.
@soyoucametosee7860
@soyoucametosee7860 2 ай бұрын
I think that amount of gold is only gold that has been processed. There is far more gold still in the earth.
@davidcolletti7136
@davidcolletti7136 2 ай бұрын
gold doesn,t Decay...Bury some gold in the ground...and come back to it a couple thousand years..still the same ...Shiny ..and in form..
@sydclark5581
@sydclark5581 2 ай бұрын
Earth has way more gold than you think. Only a minuscule fraction of gold is laying on the topof earts crust. The rest is within or sunken to its core
@imMelk
@imMelk 2 ай бұрын
Gold is used in almost all electronics
@MBKindell
@MBKindell 2 ай бұрын
Gold does not rust. That's a big reason for its value.
@kennethjohnson4280
@kennethjohnson4280 2 ай бұрын
Its valuable because its rare and its an element so more can't be created.
@mikesherman8590
@mikesherman8590 2 ай бұрын
The electric conductivity
@gwest67
@gwest67 Ай бұрын
Joe Rogan subconsciously loves gold, the proof is in his neon sign. 😂
@Rezin_8
@Rezin_8 2 ай бұрын
The amount of gold is controlled just wait till somebody can afford a satellite scan to find that Rogue vein it will drop the price😂❤🎉
@josealmeraz1484
@josealmeraz1484 2 ай бұрын
I don't think Joe knows that you can't even buy a vehicle that's manufactured in America 😅
@MRGOLD99.999
@MRGOLD99.999 2 ай бұрын
That's only know gold there many many gold mines and small miners who never reported there finding
@tommyvarcity2783
@tommyvarcity2783 2 ай бұрын
A lot of diamonds are not jewelry quality thy use them in tools like blades to cut
@laptopdragon
@laptopdragon 2 ай бұрын
look up how much Platinum the world has in its entirety.
@TahoeJones
@TahoeJones 2 ай бұрын
There's a simple pen tool that says if a diamond is natural or not.
@lawrencefranck9417
@lawrencefranck9417 2 ай бұрын
Nope a simulated diamond will pass the test because it’s as real diamond. That why they require laser etched.
@TahoeJones
@TahoeJones 2 ай бұрын
@@lawrencefranck9417 I worked as a loan arranger in a pawn shop. Zircons don't pass.
@thecopperchicken8033
@thecopperchicken8033 2 ай бұрын
That is only what has been mined. There's plenty left further into the planet. Seeing leaders horde it makes it desired.
@thehypocriticalcynic9182
@thehypocriticalcynic9182 2 ай бұрын
How tf is that all the gold, because you said it Joe? The world has found reservoirs of oil larger than spindle-top... Tell me how could they not find more gold while removing all that rock?
@eduardovillegas9283
@eduardovillegas9283 2 ай бұрын
It's used in many electronics
@richardlove4287
@richardlove4287 2 ай бұрын
Gold has held wealth for over 5000 years..nuff said.
@darkcanyonprospecting1148
@darkcanyonprospecting1148 2 ай бұрын
Gold is more than rare. It effectively and efficiently conducts electrical current. Gold reflects gama radiation and has properties Joe just simply doesn’t understand. Neither one of them understand geology … or real mining practices and principles…and that’s ok. They are creating discussion which is almost absent on this subject on a platform this massive.
@Imakebootysclap
@Imakebootysclap 2 ай бұрын
thats a lot of reaching and assuming. Im sure he understands gold, doesnt mean he has to care for it or can't think its over rated. Both coper and silver are much cheaper and conduct electricity better.
@casperbodean5159
@casperbodean5159 2 ай бұрын
Gold is used in many electronics', there is gold in most cell phones.
@roylussier1259
@roylussier1259 2 ай бұрын
Every cellphone and hightech need gold is high conductor and not become hot
@wolfhors3_660
@wolfhors3_660 2 ай бұрын
And what happens when they can mine asteroids that have 100 times more than that.
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