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Joined: 12/30/2009
Msg: 16
Alchemical Gold: Effects on Market?Page 2 of 2    (1, 2)

On the chemistry end of things: you absolutely cannot make the electron cloud of mercury so it looks and behaves like that of gold even if you do get the correct number of electrons. The mercury ion's electron arrangement then *resemble* that of gold, however the nuclei are different therefore the potential well which the electrons are confined in will look different, thus giving different energy levels which means that the optical properties of the resulting ion will differ from those of gold, same for most other properties.

About the orbitals, you've gotta realize that 'orbitals' are an idealization used to help explain chemical bonding and stuff... it's not what's "really" happening. It's a model. So is something more advanced such as solving the quantum wave equation and finding probability waves and so on... it's still a model. We can't "look" at electrons- we can only stimulate an atom in some way and infer the behaviour by the results we measure. The Heisenberg uncertainty principle probably puts solid limits on how well we can ever 'observe' things like electrons. So to answer your question, yes you get 'funny' things like Platinum having 9 electrons in its 5d shell and 1 electron in its 6s shell instead of 8 electrons in its 5d shell and 2 in 6s. Why? Because if you solved the quantum wave equation using the parameters of the platinum atom (not that you could ever do that by hand, need a supercomputer at least) you would find that ten electrons in 5d is a higher energy configuration than 8 in the 5d and 2 in the 6s... so just like balls roll down hills and water falls down waterfalls, the Platinum atom fills its shells with 9 in the 5d and 1 in the 6s.

Regarding paramagnetism: it's the result of uncancelled electron spin. It sounds funny, but basically electrons have a number describing them called 'spin' and it's sort of like "spin" in the world around us (a ball can spin around an axis, the earth spins around its axis once ever 24 hours or so, etc). And if you have a "spinning" electron, you have an electric charge in motion which induces a magnetic field. If you have two electrons "spinning" in opposite directions, the fields induced cancel each other nearly everywhere and so when you're not right up close you see no magnetic field. And so electrons tend to 'pair up' in pairs of opposite spin (due to a combination of the Pauli exclusion principle and a tendency for the lowest energy configuration), and when all electrons are 'paired up' you essentially have a non-magnetic material. If you've got an unpaired electron then the atom its on will have a magnetic axis, and the bulk material tends to have these axes in random orientations- unless an external magnetic field exists, at which point the atomic magnetic dipoles line up with the external field, giving the bulk material a net magnetic orientation.

It's been a year since I did quantum physics and statistical mechanics, so I'm a little rusty, but I think the above addresses your questions in a mostly factual way.
Joined: 9/18/2009
Msg: 17
Alchemical Gold: Effects on Market?
Posted: 3/23/2010 7:53:18 PM
Well if you have an overabundance of something useless, it would actually be worth less and bring down the market value for gold. Basic answer, if supply goes up too high, demand would go down, it's called diminishing returns also. For example, if you have so much cake, you will be able to eat so much before you throw up.
MAYBEEE, the production of such gold would be regulated, but what is gold useful for? NOTHING, you can't eat it, you can't use it, it's just there, it's shiny and pretty.
That's my take, take it away economists!

Joined: 2/6/2010
Msg: 18
Alchemical Gold: Effects on Market?
Posted: 3/29/2010 6:37:39 AM
I believe some of that gold came from refining gold/silver composite called electrum. Something which occured as a natural mineral event in Egypt and was used quite a bit. I have a nice pair of electrum earings. They refined it using salt.
Joined: 2/6/2010
Msg: 19
Alchemical Gold: Effects on Market?
Posted: 3/29/2010 6:47:18 AM
Extracting gold from composite ores is expensive especially if the deposits contain pyrites. If you can find deposits free of contaminants which are expensive to remove then your profits are higher . Then your gold is of greater value relative to the average price of gold so indeed you have alchemicaly created gold as you can use your excess profits to buy more. In the future bio-leaching and biological processing using bacteria will further cut the cost of extraction and refining.
Joined: 2/25/2009
Msg: 20
Alchemical Gold: Effects on Market?
Posted: 3/31/2010 8:31:50 PM
Think Star Trek matter replicators. If we could produce - at will - anything we want from cloth to food to gold, it would end poverty as we know it. Than we could get down to focusing on ourselves and doing what we really want. The market wouldn't collapse, it would end. And that would be a wonderful thing.
Joined: 1/27/2009
Msg: 21
Alchemical Gold: Effects on Market?
Posted: 3/31/2010 10:22:16 PM
^^^^^ Unfortunately, as eutopian as that sounds, I'm inclined to disagree.
Take a look at the plentiful 'black gold' of the Middle East. The families in control still have the vast wealth and there is still a class system in place.
If one can produce it, it depends on one's intent to distribute it, and ultimately, the choices of the ones it is distributed to-
A blunt end to the market would create a collapse and it would have reverberating effects until it corrects. Again, much would depend on the distribution of the manufactured gold, et al. Hopefully, it would be equally shared.
Joined: 2/8/2004
Msg: 22
Alchemical Gold: Effects on Market?
Posted: 4/1/2010 10:05:27 AM
Probably the same way they can make -perfect- diamonds in a lab... those diamond analysts with eye-pieces can see that it's "factory made", and I believe they are of LESS value (still not super cheap though), despite actually being perfect, because it's not as rare. People want rare things. You think people wear gold because of the color? No. It's because it costs a lot.

With that said though, gold can be used in a lot of other ways if they could create it from labs. The demand would grow as the production grows for a good while, due to places outside jewelry stores wanting to get in on the action, as it's a great conductor.
Joined: 6/15/2010
Msg: 23
Alchemical Gold: Effects on Market?
Posted: 6/26/2010 7:44:31 PM
google Nicholas D. Collette, here is his book.

Be careful ...

Gold is not becoming any more valuable the currency is becoming more worthless.
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