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FutureStarrWhy Gold Could Reach Highs of 25000 Via Kitco NEWS Video
If you're looking for an investment opportunity, gold is a good choice. The recent rally in the metal has been driven by several factors, including inflation and a weaker U.S. dollar. Bitcoin, a digital currency, has been attracting the attention of central banks and traditional investors, while the BRICS nations are rumored to be developing their own reserve currency to replace the U.S. dollar.
While stocks and the economy have been suffering from high volatility in recent months, gold price growth has been steady and is likely to continue. Gold's price is largely dependent on inflation, which is currently the highest it has been in over forty years. If inflation continues to rise, it will lead to increased inflationary expectations, which will in turn boost gold prices.
Goldman Sachs analysts recently increased their price forecasts for gold for the next 12 months. They expect gold to reach US$ 1,350 in three months, US$ 1,375 in six months, and US$ 1,450 by the end of the year. This is because they expect gold demand in emerging markets to increase, and they anticipate the U.S. dollar to weaken versus other major currencies.
A recent survey of 35 analysts suggested gold would average US$ 1,770 per troy ounce in July-September, and $1,745 in 2023. This would represent a 14.8% increase over the average price for all of the previous two years. Despite this strong forecast, the current situation is weighing on the market mood. Concerns over the Brexit, trade war, and rising real U.S. bond yields weigh on the outlook for gold. One analyst from Julius Baer said, "our base case for 2022 is that the U.S. dollar will continue to weaken, resulting in higher prices."
Despite the high price, gold will continue to be the most popular investment among western investors. Investing in gold through ETFs has driven record capital growth to $60 billion. That's more than double the capital growth that took place during the financial crisis in 2009.
The Federal Reserve's role in controlling interest rates is to keep the U.S. dollar weaker, which encourages domestic consumption while making it easier for U.S. goods to be exported. The weaker dollar is key, as rising interest rates discourage foreign investment in dollar-denominated gold.
The World Gold Council maintains its positive outlook for gold prices. It predicts that the price will continue rising through the end of 2022 and into the next decade. Furthermore, this asset is a leading hedge against negative interest rates and equity market volatility. If you're looking for a safe haven asset to protect your wealth, you can't go wrong with gold.
Government spending and central bank balance sheets are expected to increase, which will increase the pressure on gold prices. The weak oil price and US-dollar will also put further pressure on the price. Moreover, gold demand from investors will also increase. According to Goldman Sachs, the best way to invest in gold is to buy now at the current price.
The Fed has already hiked interest rates four times this year. The first hike, in mid-March, was 25 basis points, followed by a second on 4 May. The most recent increase was 75 basis points in July. This is the highest rate hike since 1994. The central bank has stated that it will continue raising rates until its job is done.
Bitcoin and other cryptocurrencies are appealing to many people for a variety of reasons. One is that they do not need a central bank to regulate the currency and can be managed without one. While this raises some concerns about secrecy and subterfuge, it also has many benefits. Cryptocurrencies are difficult to fake, and their value is unaffected by inflation. They are also managed by a decentralized ledger system.
Another advantage of Bitcoin is its relative insularity from traditional market forces. This insularity makes it less vulnerable to the effects of recession and currency crises. This detachment from traditional financial institutions may be appealing to Black consumers who are suspicious of the system and traditional financial institutions.
The BRICS nations have allegedly begun the process of creating a new reserve currency to compete with the U.S. dollar. These countries account for almost a quarter of the world's oil, half of its iron ore, and 40% of its corn and wheat production. Creating their own currency would have global implications and benefit a number of countries in the region.
The new currency would be backed by reserves from BRICS countries as well as countries within their sphere of influence, including South Asia and the Middle East. The BRICS nations would then be able to issue these reserves to help fund their budget deficits. These new reserves would also be used to create a BRICS development bank that would loan funds to developing countries. Such a bank would not require SAPs and would never interfere in the economic affairs of its borrowers.
According to an article in the New York Times, the BRICS nations are developing a new reserve currency to compete with the U.S. dollar. In the meantime, China and Russia are working to further develop the BRICS club, a group made up of major emerging economies. During the latest summit, BRICS members discussed how to counterbalance the G7.
Russia is allegedly developing a new reserve currency based on a basket of currencies from the BRICS countries. Those countries include Brazil, India, China, and South Africa. The dollar has long been seen as the global reserve currency. But with a variety of currencies growing in importance, many central banks are looking for ways to diversify their holdings. Further, Russia is under pressure from the recent Western sanctions against Ukraine that have restricted its access to dollars.
Although the proposal hasn't sparked much excitement in the U.S. or Europe, the BRICS countries have continued to build monetary cooperation while avoiding using the dollar as a reserve. In fact, Brazil and China have already begun bilateral currency trading and Russia is expected to join them soon.
The emergence of a joint currency between the BRICS nations has a number of potential benefits. This could reduce exchange rate volatility and reduce the member states' reliance on other foreign currencies. At the same time, it could improve trade flows among the countries. However, the project has several economic and political risks that must be addressed.
The rumored new reserve currency by Russia is part of the test Russia is conducting under its new president in the White House. The United States currently holds a large portion of the world's $404.2 billion in foreign exchange reserves in U.S. treasuries. China and Japan are the two largest holders of U.S. Treasuries in the world.
As the euro zone crisis has inadvertently triggered a race to control geo-monetary space outside the U.S. dollar, the Eurozone and its allies are also flirting with alternatives. While this may be an appealing idea, it is not likely to happen anytime soon.
In recent years, the gold price has been relatively stable compared to inflation. However, this trend has slowed down over the past couple of years. In addition, the price of oil has remained elevated well into 2024. Hence, the Consensus price forecasts for Gold in the next two years are tempered by the recent spike in Copper prices.
Despite the current surge in gold prices, the rate of growth in recent years is slower than in the past. This is partly due to gold's traditional role as a long-term hedge against inflation. However, as the rate of inflation has slowed in recent years, gold's role as a long-term hedge has become less important. Teves believes that the rise in the Fed's interest rates in March and several subsequent hikes this year will put downward pressure on the price of gold.
Gold prices may briefly surpass US$2,000 this year, although this is not a permanent position. Nonetheless, analysts say that the rise in gold is likely to continue. The first quarter of 2013 is likely to be the time when the price will hit this level.
Inflation in the U.S. is on track to reach multi-decade highs in 2022. Last time the country experienced such high inflation was in the early 1970s and early 1980s, when energy shortages and oil price shocks drove inflation to a staggering 8.8%. During this period, gold was the most popular hedge against inflation, and it generated an annualized return of 35%.
Analysts at Goldman Sachs expect gold prices to remain stable at around US$ 1,320 by year's end. However, they believe that the price will fall to US$1,050 in 2014 and average around USD1,200 over the next few years. The forecast is based on monetary policy, and is subject to change.
While gold's rate of growth relative to inflation has declined in recent years, it continues to be considered a hedge against inflation. Inflation is higher than the target number set by policymakers. According to a World Gold Council study, when the rate is over 3%, gold has returned an average 15% return and 6% when inflation is below that level.
According to a consensus report published by ANZ Research, gold prices will reach $1,800 in the second half of 2022, before dropping back to $1,750 at the end of the year. This forecast is based on inflation, central bank policy, and geopolitical tensions.
Analysts expect production of gold to expand through 2023 and prices to remain above production costs. Rising rates of inflation and uncertainty about the end of the recession are also contributing to gold's upward trend. The next few years will see a minor correction, although analysts expect a bull run for the price. At the end of 2023, Gold is expected to close at $1,996.
In the near future, high volatility will continue to sway global stock markets, while rising inflation will also contribute to the rise in gold's price. The United States has a history of high inflation, and the monetary and fiscal stimulus will continue to fuel inflationary expectations.
The LBMA's annual survey on gold price prospects also includes forecasts for silver, platinum, and palladium prices. A forecaster who correctly predicts the benchmark gold price daily in London will win the competition. However, there is a risk of over-shooting the consensus. In this case, the LBMA analysts were simply too optimistic in their forecasts.
Gold price forecasts for this decade are impossible to be 100 percent accurate. As such, investors should be aware of the risks involved in investing in gold. The risk of a market collapse makes it impossible to make a reliable long-term forecast. Gold prices can decline to as low as $130,000 IDR, which is 50% of the previous bull run. Rising US Treasury yields are also a risk factor in gold's price, and rising yields could lead to a 2 year low.
The market has been on a bullish streak for months, but now the focus has shifted to the demand side of the equation. The focus is now on China, the world's largest user of copper. Fund managers are also starting to lighten their bearish bets on the CME copper contract. As of April 19, the number of outright short positions in the contract reached 45,012 contracts. This was up from 44,978 contracts at the end of March. This explains the steep drop in the market, and bear positioning in the contract has reached the highest level since the financial crisis in 2008. Additionally, there are significant long positions, keeping the overall net speculative exposure net long at 25,393 contracts.
Moreover, the market is experiencing a significant shift in consumption habits. The demand for copper may slow down a bit as consumers begin to shift back to experiences and away from manufactured goods. The shift in consumer spending might limit further increases in copper prices, which will hamper export growth and offset the demand for the metal from the energy transition.
On the other hand, rising interest rates are damping spending and dampening demand for building materials. While falling spending and interest rates are hurting commodity prices, the weather in grain-growing regions has improved since early this year. Meanwhile, the UN is attempting to end a blockade on wheat shipments in Ukraine.
The energy transition may also create an increase in demand for copper, lithium, and cobalt. Over the last decade, costs for solar energy and batteries have dropped 70 percent and 98%, respectively. In the future, the use of solar energy could require more copper wiring.
The prospect of war is fueling an increase in the price of gold. Russian President Vladimir Putin has threatened to invade Ukraine and has already authorized his troops to move into the region. The move has prompted global leaders to announce economic and financial sanctions against Russia. The prospect of war has also triggered concerns over the Nord Stream 2 pipeline, a planned natural gas connection between Russia and western Europe. The project is estimated to be worth $11 billion.
The situation in Ukraine has also led to a spike in the price of oil. Russia contributes a great deal to the global oil industry and its invasion of Ukraine is likely to lead to further sanctions. This will further drive up the price of crude oil. Brent crude is currently trading above $100 per barrel, its highest price since September 2014. Last month, the price was near $76 per barrel.
This recent conflict has spooked investors and caused a selloff in U.S. stocks. The Nasdaq Composite was down nearly 2% Tuesday and the Dow Jones Industrial Average was down more than 1%. Investors have long considered gold as a safe haven asset in times of market volatility. It also has the advantage of paying higher returns than inflation, making it a desired asset for investors.
During the past week, investors have poured into the gold market in response to global geopolitical tensions. Fears of a possible Russian invasion sparked the rally. The price of gold is up 10% year to date. Tuesday, gold broke out above $1,270, and on Wednesday hit a 5-month high. It has gained further this week. After Russian Foreign Minister Sergei Lavrov met with President Putin in Moscow, the precious metal has maintained its gains. It is also being used as a safe-haven investment.
Geopolitical tensions are likely to fuel further buying of precious metals. Inflation in the U.S. climbed to 8.5% in March. The EU has threatened to impose sanctions on Russia over Ukraine. This is expected to spur a recession in Germany, and a cutoff of Russian gas to the EU could result in a deep recession.
Last week's tensions between Russia and Ukraine led to a sharp rise in gold prices. Investors buy gold during geopolitical turbulence because they believe that it will hold its value even when other assets suffer. Moreover, gold is a safe-haven asset, which thrives in uncertainty. According to Rhona O'Connell, head of market analysis at StoneX, gold will hit a high of US$1,900 per ounce by 2022.
Moreover, there are many risks involved with the Ukraine-Russia conflict, including the risk of military invasion. While a quick invasion is unlikely, a prolonged conflict can affect global markets. Moreover, oil prices at $100 or higher could shock the global economy, particularly in countries that import gas and oil. Higher oil prices can also erode the confidence of governments and companies in these countries.
Production data for gold and silver may understate the importance of supply. The article points out that 23 banks have net short positions in the COMEX futures silver market, and Non-U.S. banks are net long 572 contracts. In addition, JPMorgan dominates the delivery process for both gold and silver.
Although production data are a useful indicator of economic trends, they are not without limitations. For example, they can underestimate the economic significance of certain commodities. They may also underestimate the amount of commercial activity that centers on these commodities. Market data, on the other hand, provide a better blueprint of economic importance than production data. That's why the Dow Jones-UBS Commodity IndexSM uses both markets to gauge the economic significance of storable commodities.
The vast disparity between COMEX inventories and the total open interest in COMEX silver futures is a sign of impending pressure in the silver market. Short sellers should be looking for physical silver to cover their short positions.
A substantial portion of COMEX silver investors use leverage, investing with borrowed money. Leveraged investments are subject to periodic changes in margin requirements, forcing long parties to liquidate their positions. This could cause the price of silver to spike.
In the first quarter of 2009, HSBC and JP Morgan controlled nearly 80 percent of the commercial net short position in COMEX silver futures. At the time, the market was very thin and the large banks were able to manipulate prices with their dominant positions and trading strategies.
Open interest is an important indicator for technical traders because it can help confirm trend reversals and identify potential buying and selling opportunities. It also indicates the number of new short positions. Rising open interest can also be a warning sign in a bull market, as a large number of short positions will eventually have to be liquidated and prices will drop.
In both gold and silver, JPMorgan dominates the delivery process. The CME Group, which runs the Comex, reports that a third of bar trade in both metals is made by JPMorgan clients. This is good news for the bank, as it allows it to ship metals cheaply and in large volumes. The revenue windfall will eventually end, however, as Comex trading returns to its normal patterns. Until then, the bank is likely to remain profitable.
JPMorgan's commodities division is on track to make more than $1 billion in revenues this year, putting it on pace to surpass Goldman Sachs as the top earner in the commodities market. Until recently, no investment bank had made more than $1 billion from trading in commodities. However, in 2020, JPMorgan is projected to reach a record-breaking $1 billion in revenue from trading gold and silver. The bank is at the center of the global bullion market, running vaults and clearing trades in London.
Despite the recent declines in the spot price of silver, JPMorgan continues to hold a large amount of silver bullion. Since 2006, the bank has been an Authorized Participant in the SLV market, making it one of the few financial institutions authorized to withdraw physical silver bullion bars for SLV equity shares. The bank is also the sole Custodian of SLV equity shares.
JPMorgan's concentration of short positions exceeds global silver bullion production. Moreover, spoofing orders are not filled. Instead, they are designed to give false impressions to the market. The bank also fails to break down its revenues in its earnings filings, but the documents presented at the trial showed how profitable the precious metal and commodities markets are to the bank.
The CFTC's hearing on this issue was largely symbolic and ignored the real issue at hand. A real problem, though, exists in the paper-to-physical ratio. The problem arises when leveraged investors choose to use futures instead of physical metal. For example, a 10,000-ounce delivery of silver metal costs $166,000, which requires two contracts. Furthermore, margin requirements are different for each contract.
SSR Mining is a free cash flow focused intermediate gold miner that controls an extensive portfolio of exploration projects. It has a strong financial position and high executive turnover. However, there are several risks associated with owning SSR Mining stock. Let's take a closer look. Its largest silver mine is in Argentina, and it also has exploration projects in Turkey and the Americas.
SSR Mining is an intermediate gold miner with four producing assets located in the USA, Canada, and Turkey. The company also has a pipeline of high-quality assets across the world. These include a large number of high-grade exploration properties in the USA, Mexico, Turkey, and other regions. The company is also growing its production through the optimization of milling processes and exploration of new sources of mill feed.
SSR Mining has recently announced a 40% dividend increase, which investors are enthusiastic about. This will increase its yield to 1.3% and provide investors with some visibility into the future of the company. This increase also reflects management's confidence in its ability to generate free cash flow from its operations.
The company recently published updated mineral reserve summaries for its four producing assets. These updated reports include the Mineral Reserve Case from the Cakmaktepe Extension (Ardich) and the Mineral Reserve Case for the Copler Copper-Gold Resources. The updated technical report summaries established the platform for an annual production of 700,000 gold equivalent ounces. In addition, SSR has increased its gold Mineral Reserves by 14%, to 9.2 million ounces, mainly from mineral reserve conversion at the Ardich mine.
The stock of SSR Mining (NASDAQ: SSRM) has surged more than 12% Tuesday. The stock was up more than 12% earlier in the day. The company's first quarter results were strong, and it also announced a significant dividend hike. These results have been helping the company generate strong free cash flow.
The transaction is subject to regulatory approvals, court approvals, and other customary closing conditions. The agreement contains custom provisions, including prohibitions against competing transactions, a $70 million reciprocal termination fee, and voting support agreements for the companies involved. Additionally, the agreement also prohibits solicitation of competing offers by the companies involved.
The agreement also stipulates that SSRM will continue as SSR Mining Inc. with its corporate headquarters in Vancouver, B.C. Its board of directors will consist of five members from each of the two companies' current boards. Together, these 10 members will represent a total of fifteen directors for the combined company.
SSR Mining controls an extensive portfolio of exploration and mining projects in the United States, Canada, and Mexico. It has made significant progress on Puna, its flagship property. The company has recently shown improved operating and financial performance and has a positive outlook for the future. While Puna will remain a core asset for SSR, the company continues to evaluate the rest of its portfolio.
The company's drilling activities have focused on the company's C2 target, and the company currently has three drills operating on the site. The exploration program is being supervised by Dr. Mesut Soylu, the Chief Geologist of SSR Mining. He has extensive experience in the style of mineralization and has a relevant qualification under NI 43-101.
The company's management team consists of experienced professionals with proven track records in exploration and mining. Its cash position is strong and it has a diversified portfolio of projects. SSR Mining's exploration assets are in the United States, Turkey, Canada, and Mexico. Its production in these countries includes approximately 720,000 ounces of gold and 7.7 million ounces of silver.
The company has acquired a majority of the shares of Alacer Exploration Ltd., a Canadian company. As a result, the company now controls 57% of Alacer, a wholly owned subsidiary of SSR Mining. Alacer has a controlling interest in Anagold, which is operating the Copler gold mine in eastern Turkey. The remaining 20% is held by Lidya Mining.
The company is focused on growth, and has a focus on increasing Mineral Reserves and production. It is also pursuing acquisitions for accretive growth. In addition, SSR Mining is committed to operational excellence. It also strives to meet the needs of shareholders, including employees and local governments.
The company is continuing its research and exploration activities. Its next goal is to prepare a current mineral resource estimate for Pitarrilla. It also plans to assess the economics of various scales of production.
SSR Mining has a solid financial position, and it has recently completed an at-market merger with Alacer Gold. The combined company expects to realize over $235 million in total consideration. While the merger is not without risk, it is expected to help SSR Mining grow its operations.
The company's ROE (Return on Equity) is relatively low and doesn't compare favorably to industry averages. However, the company has maintained a strong net income growth rate over the past five years. This growth could be attributed to high earnings retention and efficient management.
SSR Mining's management team is composed of experienced executives with extensive mining finance experience. They have held various positions with leading companies like Candente Resource Corporation, Deutsche Bank, Alex Brown, Standard Bank, and CIBC. These experience allows them to evaluate SSR Mining's stock from a financial perspective.
The Company's management is confident in its ability to deliver production growth. During the first quarter of 2022, SSR Mining delivered 173,675 ounces of gold equivalent, resulting in an AISC of $1,093/oz. Moreover, the company ramped up its flotation circuit at Seabee, while the Copler mine processed a record number of tonnes of sulfide ore.
In addition, SSR Mining has plans to increase exploration spending in the next three years. It has two near-mine projects in Canada and one in Argentina, and it has a prospect portfolio in Canada and the U.S. The company plans to invest approximately $40 million in exploration in 2022.
There is a very high rate of executive turnover at SSR Mining. The company's top executive positions are occupied by individuals with significant experience in other mining companies, with the CEO and COO coming from Alacer. The CLO and CFO come from Newmont. Hence, the company's outperformance has been delivered by different executives.
The Board of Directors at SSR Mining is responsible for the overall stewardship of the company and its operations. Its main objective is to enhance and protect long-term shareholder value. To accomplish this, it must make sure that the Company meets its obligations while considering the legitimate interests of other stakeholders.
The company has recently announced a restructuring of its Chief Operating Officer position. John Ebbett will now serve as Executive Vice President, Growth and Innovation. His previous experience includes roles at Alacer Gold and Ausenco. In addition, he has held project development roles at Newcrest and John Holland.
In the fourth quarter, SSR Mining reported strong greenfield and near-mine exploration results. The company increased its ownership in the Copper Hill joint venture, and delivered positive exploration updates for Marigold and Seabee. In addition, it also increased its stake in the Cakmaktepe Extension joint venture. Overall, SSR Mining continues to generate positive cash flow and has a strong pipeline of high-quality development projects.
Despite the relatively high level of executive turnover, SSR Mining is a good company to invest in. Its management team is experienced in managing mines. Its management is committed to ensuring a smooth transition for its shareholders. Besides, it has an excellent track record and a strong reputation in the industry.
You may not realize it, but sewage sludge can be rich in valuable metals. Gold, silver, platinum, and copper are among the many elements found in the waste material. Some of these metals can be useful for electronics and luminous paints.
In some cases, the waste produced by water treatment facilities may be contaminated with precious metals, such as gold, silver and platinum. Some cities have already begun extracting these precious metals from their sludge. In Tokyo, a treatment facility has been able to extract gold from sewage sludge with a yield comparable to those of gold mines.
These metals are abundant in wastewater and can be detected in some sewage sludge samples. Various researchers have determined that sludge from wastewater treatment facilities contains trace amounts of these metals. The concentration of silver and gold in wastewater is usually far lower than levels considered to be dangerous.
Those findings raise questions about how these precious metals get into the sewer system. While the quantities of gold, silver and platinum in sludge are unlikely to ratchet the gold market, their presence could help increase the use of biosolids as fertilizers. The first step would be to identify the sources of these metals, and then develop techniques to extract them.
The next step in the study will identify and quantify these precious materials on a national scale. This step will require a minimum of twelve months and will provide data for feasibility studies. These studies will evaluate whether the recovery process is feasible and efficient. The results of the study will be used to guide the development of a commercial process.
The mining industry is accustomed to this type of matrix, and it is possible to adapt the extraction methods to remove precious metals from sewage sludge. The mining industry is already using biosolids, so recovering the precious metals from them could benefit both the environment and the economy.
According to a new study from Arizona State University, the goo left behind after sewage treatment can contain millions of dollars in gold and silver. The metals are worth $280 per tonne, making it a profitable investment for cities. The research shows that a city of a million people can produce up to $13 million of gold and silver every year.
There are several ways in which precious metals can enter sewers. Some of these sources are mining, smelting, and electroplating. Gold, copper, and zinc are among the most lucrative. The elements can be used in mining, electroplating, electronics, and industrial catalysts.
To find out if sludge contains gold, scientists have to analyze the waste. The sludge from a city of one million people contained 13 tons of metal worth nearly $6 million. Among them was 2.6 tons of gold and silver. The study also found that gold is abundant in sludge from industrial plants. In addition, one sewage treatment plant in Japan reported a production of two kilograms of gold per ton of sludge.
The Swiss researchers said that they had evaluated 64 municipal wastewater treatment facilities and found that sewage sludge is packed with gold and silver. They estimate that the sludge contains a total of about three million dollars in gold and silver every year. Although the concentrations vary across the country, the amounts are sufficient to make gold recovery worthwhile.
Researchers have been studying the concentrations of these precious metals and useful elements and assessed the risks. The results showed that most of these metals do not pose a risk to the environment. The study was commissioned by the Swiss government and conducted by the water research institute Eawag.
Scientists believe that sewage sludge may contain millions of dollars' worth of gold. There are several reasons why the metals may be present in the sludge, including mining and drug therapies. However, the scientists do not know where the metals come from. Some suspect that they could be from different types of coatings used on food and other products.
The precious metals found in the sludge of a single American city could be worth as much as $2.6 million a year. Some studies suggest that the sludge can contain as much as a kilogram of gold per ton of ash. In addition to mining, gold could come from manufacturing processes like electroplating or the manufacturing of jewelry. According to an American researcher, "There are metals in everything, even in the most unlikely places."
The amount of gold and silver present in the sludge is high enough to make it worth recovering. Researchers also found large quantities of rare earth minerals, which are used in electronics, in the wastewater. Currently, scientists estimate that over 6,500 pounds of silver are flushed away in the Swiss waste water each year. At current prices, this amount of silver would be worth nearly $1.85 million. Those are staggering numbers. If the Swiss could find millions of dollars' worth of gold in sewage sludge, we'd have plenty of money to spend on a new watch, a new car, or even a new pair of sneakers.
There are a number of ways to exploit the riches of sewage sludge. One method involves using the sludge to produce fertilizer and bioplastics. Interestingly, the United States currently uses 60 percent of its sewage sludge to feed farms.
If you're looking for gold, you might be surprised to find out that sewage contains a huge amount of the precious metal. According to a new study, there is $280 worth of gold in one metric ton of sewage. That amount would amount to $13 million a year in a city of a million people. And the gold doesn't come just from mining; it could be from electroplating and manufacturing processes as well.
This discovery was made possible by scientists at Arizona State University, who analysed sewer sludge and wastewater samples for traces of gold and silver. They used a mass spectrometer to identify the elements present. They found that one metric ton contained 16.7 grams of silver and 0.3 grams of gold. The researchers now plan to explore whether it's possible to economically harvest the precious metals from sludge.
The sewage sludge from a million-person city could contain up to $2.6 million worth of gold. Scientists at the University of Arizona say it's likely that this waste can be used to produce a significant amount of gold. However, this isn't a practical solution. Currently, 60 percent of the waste that is generated by American sewage plants is used to feed farms, and gold and silver aren't included.
If the findings are confirmed, the gold in the sludge from Switzerland could come from gold-refining facilities and watchmaking factories. As much as 70 percent of the world's gold passes through Swiss refineries each year. But before you get too excited about the prospect, keep in mind that the concentration of gold is too low to make mining toxic sludge worth the risks.
A recent study found that sewage sludge could contain millions of dollars' worth of gold. The researchers analysed samples from rural towns, large cities and small towns, and found that the metal content of each sample was comparable to that of the richest gold mines. Among the metals found in the sludge were gold, silver, copper, and vanadium. The researchers calculated that every metric ton of treated sewage contained at least 0.4 grams of gold and a quarter gram of silver.
Although sewage sludge does not currently contain any gold, it does contain trace amounts of the precious metals. Currently, these precious metals are in minimal quantities, but they could be useful for fertilisers and toxic sewage disposal. The scientists are now working with two mining companies in Arizona to find a method to harvest these precious metals.
During the study, researchers from the Arizona State University measured the concentrations of various metals in sewage samples from across the country. They discovered that thirteen of these elements could be worth up to $280 per ton, which would be $13 million per year in a city of a million people.
The metals found in sewage sludge could be valuable to many people. In fact, a single million-person city could produce up to $13 million in gold, silver, and other valuable metals. Although a study needs to be conducted to confirm the results, the research has already made people think about the possibility of profiting from the waste.
Although the concentrations of gold and silver were high enough to be recovered, the process would still be extremely expensive and would not make much economic sense if the concentrations were low.