Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Gold Seeker Weekly Wrap-Up: Gold Dips on the Week While Silver Rises Almost 3%
By: Chris Mullen, Gold Seeker Report

Taiga Launches Website, Sets Tentative CSE Trading Date
By: Eagle Plains Resources Ltd.

Economics 101: Who Sets Prices?
By: Alasdair Macleod

Silver Breakout Or Fakeout?
By: Mike Maloney and David Morgan

COT Gold, Silver and US Dollar Index Report - April 20, 2018
By: GoldSeek.com

Gold Nearing Bull Breakout
By: Adam Hamilton, CPA

Surmounting The Greatest Market Threat
By: Deepcaster

GoldSeek Radio Nugget: John Williams and Chris Waltzek
By: radio.GoldSeek.com

Turkey Takes Possession of 220 Tons of Gold Repatriated from Federal Reserve
By: Rory Hall

Black Monday II - Repricing of Risk Begins
By: Gordon T Long

 
Search

GoldSeek Web

 
Mining Gold and Silver From Bombs


 -- Published: Thursday, 22 March 2018 | Print  | Disqus 

By Rory Hall

Most of the precious metals community understands the importance of gold and silver for military use. This aspect of the precious metals has actually been one of the more realistic concerns I have held for a number of years. When the USGS stated a few years ago that silver could be the first element on the periodic table to go extinct that should get the silver bugs attention for a variety of reasons. One of the more serious reasons would be strategic use – the creation of killing machines, bombs and all things destruction.

Of course those pesky Russians have begun mining their retired military equipment for the precious metals. My guess is Russia will be recycling most all the recyclable material from bombs and other military equipment. Steel, zinc or copper is not near as sexy as gold or silver so if someone begins a recycling program for these materials it doesn’t make headlines – throw in gold and silver and now we have something to discuss!!

All of Russia’s Topol mobile intercontinental ballistic missiles are due to be replaced with a modernized version of the Topol-M by the early 2020s.

Russian Federal Space Agency Roscosmos has announced a tender for the scrapping of nine Topol mobile intercontinental ballistic missiles (ICBMs).

According to the details of the offer, one can obtain 42 kilograms of silver and 1.8 kilograms of gold by dismantling the nine ICBMs. Source

42 kg = 92.594144 lbs worth of silver would certainly make it profitable to recover. Converted to ounces would be 1481.506304. When expressed in Federal Reserve Notes this “mining operation” would net $24,444.85 at the current, approximate, rate of $16.50/ounce

1.8 kg = 3.96832 lbs worth of gold. Converted to ounces equals 63.493 and then converted to Federal Reserve Notes equals $84,388.71 total at the current, approximate, rate of $1,329.40/ounce. Pretty fair amount of gold expressed in fiat terms.

It’s not just the ICBM itself, but the parts are also included in the “mining operation”. The parts contain gold, silver and platinum – added bonus to the overall operation. While platinum is not a monetary metal its not a metal that I would kick out of the vault!!

The document also stipulates that the contractor will have to return the proceeds gained from the sale of valuable metals to Russia’s state coffers.

The Topol’s parts reportedly contain approximately 198 grams of gold, 4.6 kilograms of silver and five grams of platinum. Source

We never hear anything like this type of operation coming out the U.S. or any other western nation. What happens to the old U.S. military artillery? Is it scrapped and recycled or sold to our “allys” as new-old stock?

https://thedailycoin.org/2018/03/22/mining-gold-and-silver-from-bombs/

 


| Digg This Article
 -- Published: Thursday, 22 March 2018 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.