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The easy way out

The easy way out

Posted Nov 6, 2012 18:20 UTC (Tue) by tnoo (subscriber, #20427)
In reply to: The easy way out by niner
Parent article: Let’s Limit the Effect of Software Patents, Since We Can’t Eliminate Them (Wired)

Well, not really. Gold that was mined is worth at least the costs of the mining operation. Also, it has technical and estetical value. The question rather is: why is gold mined? Most of this mined gold is put into underground tresors for protection, as if it wasn't safer inititially, spread out over huge volumes of rock.


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The easy way out

Posted Nov 6, 2012 19:54 UTC (Tue) by fsateler (subscriber, #65497) [Link]

Gold that was mined is worth at least the costs of the mining operation.
Not true. Gold is worth what the gold market says it is worth. The costs of the mining operation only determine if the miner will make a profit or not. Worth and cost of production are very different things.

The easy way out

Posted Nov 6, 2012 21:48 UTC (Tue) by Cyberax (✭ supporter ✭, #52523) [Link]

If I build a 20km deep mine, expending a couple of trillions of dollars, would granite from this mine be valuable? I kinda doubt it.

Putting effort into doing useless stuff doesn't produce worth, per se.

The easy way out

Posted Nov 7, 2012 11:54 UTC (Wed) by bosyber (guest, #84963) [Link]

Only if you manage to market and sell it it as having value, I'd say.


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