Quote:
Originally Posted by wig
If gold goes to $5000/oz, it may be actually worth the cost to extract it from these sources.  |
The current value of gold already has that happening... it has also created another mini-gold rush in America, people panning for gold.
Quote:
Originally Posted by Ethersync
I don't get your point. You are talking about such minuscule amounts of gold per unit that, in most cases, it would be the equivalent of a few cents in coins falling out of your pocket.
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Per unit, but not overall... 50 cents X 1 billion phones per year on 1 electronic device alone, is not a minuscule amount of gold.
If gold was really in short supply and the 'real' demand for actual gold was really sky rocketing... things would be very different in the electronics world.
Quote:
Originally Posted by dyna mo
recyclers are making a mint(yuk yuk) off of that too.
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Some place here that you can send your phones to them "to dispose of correctly" - they farm the gold, batteries, and reusable parts from the phones.