Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Will Deep-sea Mining Yield an Underwater Gold Rush?
National Geographic ^ | February 1, 2013 | Meghan Miner

Posted on 02/06/2013 5:52:26 PM PST by TigerLikesRooster

Will Deep-sea Mining Yield an Underwater Gold Rush?

Some environmentalists say the lure of precious minerals threatens ocean life and local cultures.

A mile beneath the ocean's waves waits a buried cache beyond any treasure hunter's wildest dreams: gold, copper, zinc, and other valuable minerals.

Scientists have known about the bounty for decades, but only recently has rising demand for such commodities sparked interest in actually surfacing it. The treasure doesn't lie in the holds of sunken ships, but in natural mineral deposits that a handful of companies are poised to begin mining sometime in the next one to five years.

/snip

While different vent systems contain varying concentrations of precious minerals, the deep sea contains enough mineable gold that there's nine pounds (four kilograms) of it for every person on Earth

/snip

(Excerpt) Read more at news.nationalgeographic.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: deepseamining; gold; goldstandard
Enough gold to back up paper money? Gold Standard more feasible?
1 posted on 02/06/2013 5:52:36 PM PST by TigerLikesRooster
[ Post Reply | Private Reply | View Replies]

To: TigerLikesRooster; PAR35; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; ...

P!


2 posted on 02/06/2013 5:54:30 PM PST by TigerLikesRooster (The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
[ Post Reply | Private Reply | To 1 | View Replies]

To: TigerLikesRooster

Oh please let the wakos focus their energies on this so I can go back to burning tires and clubbing baby seals.


3 posted on 02/06/2013 6:02:03 PM PST by Repeat Offender (What good are conservative principles if we don't stand by them?)
[ Post Reply | Private Reply | To 2 | View Replies]

To: TigerLikesRooster
Fuhgeddit. Even if the powers allow for this exploitation, it will be rigidly controlled by a cartel, rather like diamonds. Many people assume diamonds are rare. They are not. There is a beach in Namibia, for example, which is littered with them, but fenced off and patrolled by armed guards to keep freelancers away.

I would expect the same thing with a natural horde of undersea gold.

4 posted on 02/06/2013 6:10:58 PM PST by hinckley buzzard
[ Post Reply | Private Reply | To 1 | View Replies]

To: TigerLikesRooster

This is one of the many reasons why asteroid mining is so silly.


5 posted on 02/06/2013 6:26:58 PM PST by Strategerist
[ Post Reply | Private Reply | To 1 | View Replies]

To: Strategerist
why asteroid mining is so silly.

Ice in space is much more valuable than gold in space. You don't undertand asteroid mining, and the value of having large volume/weight consumables already in an orbit and NOT in earth's gravity well.

Gold and other stuff is just a side benefit.

/johnny

6 posted on 02/06/2013 6:39:30 PM PST by JRandomFreeper (Gone Galt)
[ Post Reply | Private Reply | To 5 | View Replies]

To: TigerLikesRooster; jiggyboy; PA Engineer; blam; Cheap_Hessian; CJinVA; Jet Jaguar; ...

Goldbug Ping.


7 posted on 02/06/2013 6:41:08 PM PST by Jet Jaguar
[ Post Reply | Private Reply | To 1 | View Replies]

To: TigerLikesRooster

Just so it is too deep for a reality show.


8 posted on 02/06/2013 6:42:09 PM PST by bmwcyle (People who do not study history are destine to believe really ignorant statements.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Strategerist

Asteroid mining is rational when touching the earth with a spade disturbs sacred ground, hurts indigenous peoples and negatively affects women and minorities, who along with children and the elderly (especially the disabled and people of color), who are hardest hit.

Recently, while passing though a university town in the middle of the US I saw a bumper sticker protesting a proposed mining project in Alaska. Go figure.

Asteroids have no earthly constituency or lobbying group of any consequence, yet.


9 posted on 02/06/2013 6:45:28 PM PST by theBuckwheat
[ Post Reply | Private Reply | To 5 | View Replies]

To: bmwcyle

I dunno, I’m thinking the deepest parts of the ocean might be a great place for a reality show.


10 posted on 02/06/2013 6:45:48 PM PST by TN4Liberty (My tagline disappeared so this is my new one.)
[ Post Reply | Private Reply | To 8 | View Replies]

To: TigerLikesRooster

Actually, there are likely few if any serious mineral deposits in the ocean floor, other than manganese nodules.

The reason is that mineral deposits are caused by hot or cold water percolating up or down through rock. It dissolves trace amounts of the type of minerals that particular action will dissolve, then concentrates the mineral where different kinds of rock meet.

This is why you see veins of minerals in rock strata.


11 posted on 02/06/2013 6:51:37 PM PST by yefragetuwrabrumuy (Best WoT news at rantburg.com)
[ Post Reply | Private Reply | To 1 | View Replies]

To: TigerLikesRooster

And you know what tone will prevail when the first comment about the article starts with:

“Oh great, it’s not enough for us to screw up the Earth’s land & air, now we’ve got to exploit the ocean too in the name of greed for precious metals, etc. If the ocean dies eventually everything will die ...”

What a target rich environment. Too bad for-profit work takes a priority. Gotta build some savings before going Gault.


12 posted on 02/06/2013 6:56:55 PM PST by theBuckwheat
[ Post Reply | Private Reply | To 1 | View Replies]

To: TigerLikesRooster

http://www.freerepublic.com/focus/f-news/2986068/posts


13 posted on 02/06/2013 7:09:53 PM PST by stickywillie (was that a glimmer of hope, or is it just that Dale Carnegie Course?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: TigerLikesRooster
Papua New Guinea's seabed to be mined for gold and copper
http://www.guardian.co.uk/environment/2012/aug/06/papua-new-guinea-deep-sea-mining

14 posted on 02/06/2013 7:23:29 PM PST by preacher (Communism has only killed 100 million people: Let's give it another chance!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: theBuckwheat
"Asteroid mining is rational when touching the earth with a spade disturbs sacred ground, hurts indigenous peoples and negatively affects women and minorities, who along with children and the elderly (especially the disabled and people of color), who are hardest hit.

Don't be surprised when environmentalists suddenly find something "sacred" or "pure & pristine" about asteroids that are in orbit millions of miles away. These people are irrational and the only thing that matters to them is Earth worship and shutting down any economic, material or technological progress in America.

15 posted on 02/06/2013 8:29:58 PM PST by StormEye
[ Post Reply | Private Reply | To 9 | View Replies]

To: StormEye

bump


16 posted on 02/06/2013 8:33:15 PM PST by GeronL (http://asspos.blogspot.com)
[ Post Reply | Private Reply | To 15 | View Replies]

To: TigerLikesRooster

Maybe if enough sea floor mining occurs someone will find owebama’s birth certificate...


17 posted on 02/06/2013 8:35:42 PM PST by 43north (BHO: 50% black, 50% white, 100% RED)
[ Post Reply | Private Reply | To 1 | View Replies]

To: TigerLikesRooster

This must be blocked immediately. Everyone knows that every human attempt to exploit earth’s resources results in disaster.

http://www.youtube.com/watch?v=ELDVjutzan8


18 posted on 02/07/2013 5:08:58 AM PST by 1010RD (First, Do No Harm)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Repeat Offender

“Oh please let the wakos focus their energies on this so I can go back to burning tires and clubbing baby seals.”

LOL! Thanks.


19 posted on 02/07/2013 5:11:15 AM PST by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
[ Post Reply | Private Reply | To 3 | View Replies]

To: TigerLikesRooster

Just terrific! I HAVE to side with the EnviroWeenies on this one! I don’t WANT more gold available; less gold in the chute makes mine all the more valuable.

I hate it when stuff like this happens... ;)


20 posted on 02/07/2013 5:14:39 AM PST by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: TigerLikesRooster

Any amount of gold can support a gold standard, the paper money price would simply have to reflect the value of gold. You’d need a hell of a lot of gold to get to $35 an ounce.


21 posted on 02/07/2013 6:26:07 AM PST by Jabba the Nutt (.Are they stupid, malicious or evil?)
[ Post Reply | Private Reply | To 1 | View Replies]

bookmark


22 posted on 02/13/2013 6:49:31 AM PST by RebelTex (Soli Deo Gloria, "To God alone the glory")
[ Post Reply | Private Reply | To 7 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson