The American Rightard, True Pinko COMMIES! incapable of doingright as talentless they claim openly as being dumfuks

Here are the top gold mines in the world, with their proven reserves.
Note, that the value of their gold as reserves in the ground are
vastly less than their market value. Note also, that the value of
South African gold is substantially below that of gold produced
elsewhere.

Tonnes $/oz NAME G$ Moz

10,238 $34.41 Gold Fields $9.30 270.28
10,011 $61.29 AngloGold $16.20 264.30
8,595 $213.73 Barrick Gold $48.50 226.92
8,027 Polyus Gold na 211.92
7,782 $146.02 Newcrest $30.00 205.45
5,404 $210.28 Newmont $30.00 142.67
3,487 $206.39 Kinross $19.00 92.06
3,091 $392.20 Goldcorp $32.00 81.59
1,756 $183.39 Yamana $8.50 46.35
1,452 $339.25 Agnico Eagle $13.00 38.32

Today's price for gold is $1,494.88

Current gold reserves are 9,300 tonnes for the USA, around 30,200
tonnes for the whole world.

The value of gold tracks not with its availability, but with the cost
of energy. It takes energy to concentrate a material in solution.
This determines the recoverable reserves and the cost of recovery.
You will see that one grain of gold (1/480th troy ounce) will buy one
gallon of gasoline. We should really say that at present
concentrations of gold ore, it takes the energy in one gallon of
gasoline to recovery one grain of pure gold.

The problem the industrial world has is the cost and availability of
energy. The cost of energy is rising. The availability is reduced.
This means that energy intense economies are no longer viable, while
primitive economies become more viable. Thus, economies that earned
profits through growth, can no longer do so. Therefore, profits are
taken through scarcity. That is, shorting the economies.

Another connection to energy is the fact that Saudi Arabia sells its
oil in dollars. This means that if you have Euros or Yen or Pounds,
Rubles or Dinars, you've got to trade them for dollars first, in order
to buy oil.

If Saudi Arabia starts taking other currencies than dollars in trade,
then the value of the dollar will collapse immediately.

This is why US support of revolutions in the Middle East is madness.

There is a way out of this situation.

(1) Create a new energy source, (I make oil at $8 per barrel from
coal)
(2) Use the profits from the sale of energy, to acquire gold reserves,
(3) Use low cost energy to produce low cost gold,
(4) Issue gold bullion in denominations that replace money.
(5) Use that money only in trade for the oil produced.

This establishes a new stable world currency, and solves the core
problem.

A carat is 1/5th gram. So, 1 carat of gold is worth about $10 at
today's prices. A deci-carat is worth $1 a centi-carat is worth
$0.10.

We can create the following coins - which reflect today's prices - and
make them from the reserves of the top two gold mines in quantities
sufficient to serve as the world's currency once the five steps above
are completed. The coins are made as follows;

They are molded of polycarbonate plastic to near dimension shown with
QR-Codes on each one. Gold foil is applied to its surface. A
polycarbonate coating is applied with holographic security features.
Any cell phone or computer camera can be used to read the QR-Code
which is unique to each coin and check the hologram security feature.
A website that has a data set for all coins is accessed by the QR-
Code. A cell phone and internet app verifies and counts coins
presented to it. These may be downloaded and used anonymously.

COINS

microns mm diam weight Value Deci-carat
thickness
foil gram
86.9457 43.0 10 $480.62 500 dct
48.7644 40.6 5 $240.31 250 dct
22.1496 38.1 2 $96.12 100 dct
17.1689 30.6 1 $48.06 50 dct

mg
13.6126 24.3 500 $24.03 25 dct
10.0348 17.9 200 $9.61 10 dct
6.6915 15.5 100 $4.81 5 dct
0.4876 40.6 50 $2.40 2.50 dct
0.2215 38.1 20 $0.96 1.00 dct
0.1717 30.6 10 $0.48 0.50 dct
0.1361 24.3 5 $0.24 0.25 dct
0.1003 17.9 2 $0.10 0.10 dct
0.0669 15.5 1 $0.05 0.05 dct

20,000 tonnes of gold is sufficient to create 1 trillion dct of gold
coins. This is the value of all the currencies of the world prior to
the meltdown of the world financial markets in 2007.

The problem with all the fiat currencies of the world is that the
banks have issued derivatives totaling $1.5 Quadrillion in them, which
can never be repaid. They will lose, on paper, but more importantly,
they will be in a position to take the gold now in reserves, and
create a new currency after decimating the world's markets. Then, buy
up all the world's assets for nothing.

Someone with a new energy source and a gold currency can avert that.