Money Switzerland Has So Much Gold That It's Literally Being Flushed Down the Toilet

09:51  12 october  2017
09:51  12 october  2017 Source:   The Street

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One thing is true: Switzerland is not short of gold and silver. Here is what it ' s happening because the country has so much of the yellow metal. Switzerland is awash in gold and silver, so much so that they are flushing the precious metal down the toilet .

That's more than double the balance sheet of JPMorgan Chase & Co. (JPM) , the largest U.S. bank. BlackRock's earnings per share were .92, beating the average .57 estimate in a FactSet survey of 14 analysts. Switzerland Has So Much Gold That It ' s Literally Being Flushed Down the Toilet .

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President of Brazilian Olympic Committee arrested

  President of Brazilian Olympic Committee arrested The president of the Brazilian Olympic Committee was arrested Thursday amid an investigation into a vote-buying scheme to bring last year’s Olympics to Rio de Janeiro. Carlos Nuzman, who is also an honorary International Olympic Committee member, was held for questioning last month by Brazilian and French authorities. They said he was a central figure in channeling $2 million to Lamine Diack, a former IOC member from Senegal who helped secure votes when Rio was picked by the IOC in 2009.

The implication being that the long-term trend is intact and the stock is ultimately headed higher. More of What's Trending on TheStreet: Switzerland Has So Much Gold That It ' s Literally Being Flushed Down the Toilet .

Swiss authorities are investigating reports that someone flushed tens of thousands of euros down the toilets of a bank and several restaurants in Geneva, clogging their pipes. MORE : International News Switzerland Geneva Toilets Mysteries.

Switzerland is awash in gold and silver, so much so that they are flushing the precious metal down the toilet.

According to scientists at the Swiss Federal Institute of Aquatic Science and Technology (Eawag) about 43 kilograms of gold and three tonnes of silver pass through the nation's wastewater treatment plant every year. With gold prices hovering just below $1,300 and silver above $17 an ounce, that waste is worth around $3.4 million annually - in other words that is expensive poop.

However the Eawage scientists noted that despite all that gold dust, it would not be worth it to reclaim it.

"The concentrations measured do not pose risks to the environment - and recycling would not be economically worthwhile," the scientists said.

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"That was one of the most controversial aspects of Peltz's proposals," Dibadj said. "If P&G delivers it doesn't have to do anything." Switzerland Has So Much Gold That It ' s Literally Being Flushed Down the Toilet .

But so far, it ' s been very expensive, McMullen said. "It turns out that if we all lived on the same street, none of us would want stuff at the same time," he said. Switzerland Has So Much Gold That It ' s Literally Being Flushed Down the Toilet .

According to the report, the best place to find gold in the sewers is in certain plants in the Ticino region.

"This can be attributed to the presence of several gold refineries in the region," the report said. "The recovery of metals from wastewater or sludge is scarcely worthwhile at present, either financially or in terms of the amounts which could be extracted."

This is not the first time sewage waste has been looked at as the next potential gold rush. In 2015, Arizona State University said that effluent from a city with a million people could contain metals worth $13 million a year.

The University studied sewage from waste treatment plants from around Arizona and the U.S. and found gold ore grades ranging from 0.3 to 0.6 grams per tonne. The researchers hypothesized that, globally, about 360 tons of gold could be recovered from sewage sludge annually.

Professor Paul Westerhoff, the lead author of the research paper from Arizona State, told Kitco News in an interview two years ago that he published the paper as a way to get people to think about the value of waste.

Swiss prosecutors to help Brazil investigate Nuzman vote-buying scheme

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Switzerland Has So Much Gold That It ' s Literally Being Flushed Down the Toilet . Reviewers say Facebook's Messenger Lite is more reliable. Designed to work on Androids, even older generation phones, the app works well in areas with spotty or slow mobile connectivity.

There’s a very good reason why every restaurant, mall or pretty much any public bathroom has a sign telling you NOT to flush femine hygiene products down the toilet . 9) HAIR. Just because it ’ s a part of our body doesn’t mean it can be safely flushed down the toilet .

"What ends up in our waste treatment plans is more than just what we poo. All this stuff gets integrated through society and wastewater carries all of it. This is an opportunity to see this as a resource than a waste," he said.

This gold analysis is brought to you by www.kitco.com.

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With NHLers out, lesser-knowns on Canada's radar for Olympic roster .
Mat Robinson can remember squirming on the gymnasium floor at John G. Diefenbaker High as he and his schoolmates watched one of Canada’s key games at the 2002 Winter Olympics in Salt Lake City, where Mario, Iggy and a star-studded cast ended a lengthy gold-medal drought for the Great White North in men’s hockey. A dozen […]Mat Robinson can remember squirming on the gymnasium floor at John G. Diefenbaker High as he and his schoolmates watched one of Canada’s key games at the 2002 Winter Olympics in Salt Lake City, where Mario, Iggy and a star-studded cast ended a lengthy gold-medal drought for the Great White North in men’s hockey.

Source: http://ca.pressfrom.com/news/money/-49132-switzerland-has-so-much-gold-that-its-literally-being-flushed-down-the-toilet/

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