This week the BBC reported some details on a subject of which most gold investors may be generally aware: that mobile telephones typically contain a small amount of gold. Speculating on the prospects for recycling that gold, the BBC concluded that it probably would not accomplish much.
"About 2,700 tonnes of gold are produced every year from mining -- about 7.4 tonnes per day," the BBC said. "To get that from mobile phones we'd need to recycle 300 million of them. And if we did that every day, the world's estimated seven billion mobile phones in active use would run out in 23 days."
-- In the hands of central banks and their bullion bank agents, how much paper gold could be hypothecated and rehypothecated from those recycled phones and sold into the market to help suppress the price of the once and possibly future world reserve currency?
-- And could the BBC itself and other mainstream financial news organizations continue to be relied upon not to report about the purposes and mechanisms of gold price suppression? (See http://www.gata.org/taxonomy/term/23.)
Recycling that was creative enough might extend the gold price suppression scheme for many years while giving it a politically correct sheen.
The BBC report is appended.
