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# If Gold Costs \$1600/oz, Then These Metals Should Cost More?

If Gold Costs \$1600/oz, Then These Metals Should Cost More?

If all the metals were extracted from Earth's crust and were readily available for purchasing what would they cost?

The reality is, metal would cost according to the amount available. Let's just say none was sold yet and these metals were in big piles awaiting shipment. Which metal would you buy? I of course would buy Molybdenum (read my other articles).

I used Gold as a reference metal and the price of \$1600 an ounce. Here is what the other metals would cost in comparison to today's gold price and parts per million in Earth's crust (availability/scarcity).

Gold (0.004 parts per million in crust) = \$1600/ounce or \$23328/pound. Today's price of Gold \$1600.

Adjusted metal prices according to Earth's crust availability:

Silver (0.075 ppm) = \$85/ounce or \$1240/pound ---- Here's how I calculated it... 0.075 ppm divided by 0.004(Gold)=18.75, then \$1600 (Gold) divided by 18.75=\$85.

Palladium (0.015 ppm) = \$425/ounce or \$6200/pound.

Platinum (0.005 ppm) = \$1280/ounce or \$18660/pound.

Molybdenum (1 ppm) = \$6.4/ounce or \$93/pound.

Cobalt (25 ppm) = \$0.25/ounce or \$3.64/pound.

Copper (60 ppm) = \$0.10/ounce or \$1.46/pound.

Zinc (70 ppm) = \$0.09/ounce or \$1.31/pound.

Nickel (84 ppm) = \$0.08/ounce or \$1.17/pound.

Manganese (950 ppm) = \$0.0067/ounce or \$0.098/pound.

Iron (56300 ppm) = \$0.00011/ounce or \$0.0016/pound.

Aluminum (82300 ppm) = \$0.000077/ounce or \$0.0011/pound.

Tin (2.3 ppm) = \$2.78/ounce or \$40/pound.

Lead (14 ppm) = \$0.457/ounce or \$6.66/pound.

Bismuth (0.0085 ppm) = \$752/ounce or \$10960/pound.

As you can see today's Silver prices are low in comparison to what is really available and Silver should cost \$85/ounce. Bismuth is only \$20 a pound right now and should cost \$10960 a pound! Molybdenum is \$15 a pound right now and should cost \$93 a pound if we followed the abundance list.

In my above price list I mentioned that all the metals would be available to purchase. Imagine what would happen if the piles of metal were visibly shrinking; I will tell you.

The important NOT low abundance metals would be sold very quickly.

Metals that sustain life, build impressive infrastructure and are scarce would be in high demand. Molybdenum would sell quickly and the price would skyrocket because when it's gone, none for sale, you better have it in the right spot, e.g. infrastructure, farmland, aerospace, etc.