Originally Posted by
moosescrapper
All of the gold ever mined on this planet would roughly fill two olympic sized swimming pools. All of the platinum ever mined on the planet would only fill a 30 cubic foot room.
I heard the same quote, but they said that "The amount of Platinum would be 'ankle deep' in a Olympic sized pool...."
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NZ has changed its coins twice since bringing in Decimal currency in 1968. Every old coin found now is only worth its constitutant metals. Where does is value go?
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I often wonder. What would happen if America changed its coins/notes overnight & decided that "If you can't prove the old money was not illegally gained, we won't change it for 'new money' ".
All that paper money saved up by drug barrons etc etc would become useless, & valueless. What does that do to the actual value of the 'new money' ?
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On a side note.
At work we quoted on making some machines. Part of the machine was a arm which they had welded a 20cent coin onto its end, as the arm moved it travelled into a tube & also a switch contacted on each side of the coin.
So we get a quote for (X100) 20cent coin sized metal discs.
Quoted price was 25 cents each....
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Another side note.
We sell our metal in Kg's. If every amount of metal coming in was random, it would average out as 500gms, on average, extra on every sale. Every sale!
100 sales would have the scrapmetal dealer getting 50Kgs of free copper!
and 50 x NZ$7/Kg = free NZ$350!!!
(or NZ$3.50 per sale) NZ$ = US$0.81cents at the moment
The scrapmetal dealers could make a huge profit by just changing to Metric....... It'd make calculating a whole lot easyer too.
Also,I think thats why our scrapmetal dealer likes to put metals into their different catagorys
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