How underwater lost treasures are creating a new gold rush , 1/3 of gold gathered by man is lost at sea

[Midasfrog]

1/3 of all gold and silver gathered by humans is lost at sea 😲

 

Very interesting viewing 👍

Edited January 8, 2022 by Midasfrog

[Happypanda88]

It says "This video is unavailable"  !!!?

[Midasfrog]

14 minutes ago, Happypanda88 said:

It says "This video is unavailable"  !!!?

Thank you for posting the link 👍

 

Edited January 8, 2022 by Midasfrog

[Happypanda88]

 

[Paul]

cuppa made - that's me settled for the next hour  

Edited January 8, 2022 by Paul

[Midasfrog]

5 minutes ago, Paul said:

cuppa made - that's me settled for the next hour  

Yes I watched it all the way through lots of coffee 👍 😀

[HawkHybrid]

3 hours ago, Midasfrog said:

1/3 of all gold and silver gathered by humans is lost at sea 

 

how did they work that figure out when it's estimated that 90% of all mined gold was mined after 1900?

 

HH

[Midasfrog]

1 hour ago, HawkHybrid said:

 

how did they work that figure out when it's estimated that 90% of all mined gold was mined after 1900?

 

HH

They estimate that at least a thousand ships are lost each year so if more gold is being mined then larger loads will be moved around and a higher percentage of PM would then end up on the sea bed 👍 during WW1 and WW2 there would have been some big losses . Did you see the size of those silver bars that were being recovered from a ship that was hit by a torpedo 🙈

[HawkHybrid]

2 hours ago, Midasfrog said:

They estimate that at least a thousand ships are lost each year so if more gold is being mined then larger loads will be moved around and a higher percentage of PM would then end up on the sea bed 👍 during WW1 and WW2 there would have been some big losses . Did you see the size of those silver bars that were being recovered from a ship that was hit by a torpedo 🙈

 

it's not linear. all the ships that got sunk before 1900 accounts for less than 10% of total mined gold.

you only need to count the recent shipments that have been lost. the world currently mines ~2,400 tonnes

of gold each year, much more than it have ever done so historically. sinking 100% of the last 40 years of

total gold production would give you 1/3. if all of the gold before 1900 was lost, it would only amount to 10%

historically total mined gold that is lost. people are going to notice 1/3 of their gold being lost in the last 120

years. 800 tonnes of gold is a massive amount to lose on average per year. america who have the largest

official gold holding of any nation currently, only claim to have 8,000 tonnes, which is only 10 years worth of

losses by that calculation. I don't think the 1,000's of ships lost each year actually contain much gold.

 

HH

Edited January 8, 2022 by HawkHybrid

[HerefordBullyun]

7 hours ago, Happypanda88 said:

 

Thanks going to steal this and stick it in the videos of significance thread also.

[Paul]

this was in my suggestion related videos after i watched the original video yesterday - its a good watch to if you're board