All That Glitters Is Gold July 24 2013, 0 Comments
Recent reports suggest that gold, as well as mercury, lead, platinum and other elements in the universe, are created by colliding neutron stars!
Here's an excerpt from SmithsonianMag.com:
"On June 3, 3.9 billion light-years away, two incredibly dense neutron stars— bodies that are each about 1.5 times the mass of the sun but just the size of mere cities—collided. Scientists studying the event say it solves an enduring mystery about the formation of elements in our universe."
"It's a very fast, catastrophic, extremely energetic type of explosion,” says Edo Berger, an astronomer at the Harvard-Smithsonian Center for Astrophysics. The massive collision released a powerful jet of gamma-rays across the universe. The flash, which lasted for only two-tenths of a second, was picked up by NASA’s Swift satellite and sent astronomers scrambling to collect data."
Read more here!
'Gold Hits Record Peak Amid Economic Concerns' September 19 2010, 0 Comments
New York—Gold prices hit $1,273 per-ounce Thursday, amid concerns about slow economic growth, with some analysts reporting that the price could top $1,300 an ounce.
The $1,273 figure, which referred to gold for December delivery, was actually a decline from the $1,279 per-ounce trading prices that took place earlier in the day Thursday.
According to media reports, the prices are being driven up by sluggish U.S. job growth, mixed results in the manufacturing sector and the weakness of the U.S. dollar as compared to other currencies such as the euro. The weak dollar, for one, encourages foreign investors to trade in gold, since commodities are priced in dollars.
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