Accidental breakthrough could lead to batteries that last 400 times longer

[audioman83]

I got bad news for you buddy. Our currency hasn't been on the gold standard in a long while...

Are you so naive you can't see what happened. They placed a false illusion that we are no longer based on gold. As long as the gold remains fortified, it will always be the baseline. The illusion that was placed on our currency not being based on gold was to protect the gold repositories because they didn't want everyone believing the link was still there. The only way to completely break the link would be to clear out the United States Bullion Depository.

Just because

In 1933, U.S. President Franklin D. Roosevelt issued Executive Order 6102, which outlawed the private ownership of gold coins, gold bullion, and gold certificates by American citizens, forcing them to sell these to the Federal Reserve.

doesn't mean our currency in no longer based on gold. The fact they have locked up all the gold and fortified its existence proves it.

Your point makes no sense. Also, the Federal Reserve makes all the money it wants, because it has nothing to do with the amount of gold any entity possesses. All they have to do is Will it into existence.

 

[cliffordcooley]

Your point makes no sense. Also, the Federal Reserve makes all the money it wants, because it has nothing to do with the amount of gold any entity possesses. All they have to do is Will it into existence.

Talk about not making any sense. There is no point to having a reserve if it can be willed into existence.

 

[SirChocula]

Your point makes no sense. Also, the Federal Reserve makes all the money it wants, because it has nothing to do with the amount of gold any entity possesses. All they have to do is Will it into existence.

Talk about not making any sense. There is no point to having a reserve if it can be willed into existence.

Sigh...you really have no idea of geopolitics as a whole or our monetary system. I don't honestly blame you but I really do advise you to look into our monetary system and the federal reserve and how our money system is the true illusion that's created from thin air. Once you look into that and actually have a knowledge of what's really happening then you'll understand why we are truly storing gold at Fort Knox...rather, why Fort Knox has NEVER been audited in recent times.

 

[cliffordcooley]

Sigh...you really have no idea of geopolitics as a whole or our monetary system.

I can do that to. SIGH You go ahead and believe anything you are told or read about. I hear enough lies coming from our corrupt government, I don't need to read more. Nothing changes the fact that we can't advance in some technological areas because of the high value we have placed on the materials that could be used. That doesn't really bother me. What bothers me is when we lockup materials to give a false illusion they are hard to come by which in turn maintains a higher market value. A higher value than it would if released back to the public.

 

[SirChocula]

I can do that to. SIGH You go ahead and believe anything you are told or read about. I hear enough lies coming from our corrupt government, I don't need to read more. Nothing changes the fact that we can't advance in some technological areas because of the high value we have placed on the materials that could be used. That doesn't really bother me. What bothers me is when we lockup materials to give a false illusion they are hard to come by which in turn maintains a higher market value. A higher value than it would if released back to the public.

I can agree with you on the materials; diamonds being another example. The rest, I still suggest you do your own research into everything. The government is the very last source of information that I would go to. Actually, I haven't trusted the government on anything for years now. Alternative media is the only place where you can get any truth anymore.

 

[Duude]

Yeah, yeah, love to read about development moving forward, however with regards to battery technology advances....I'll believe it when is commercialized and does what they claim. The truth is development is and will continue to be hyped with full exaggeration intact. First, create interest, then seek out capital for development followed by everlasting silence and then the next greatest development hype.

 

[Kibaruk]

Dudes... this is click bait

Although it's a well received news -and we all know this go away fast, specially with batteries- nowadays electronics don't last that long for this to be useful, going through phones is almost recycle-like.

 

[wiyosaya]

Even the tiny amount of gold used in the test platform was expensive and would drive up the cost of manufacturing.

We should lower the value on gold, so that it can be productively used instead of sitting in someones vault collecting dust from greed.

So, the battery goes through 400 times more charge/discharge cycles meaning it lasts 400 times longer with this modification. However, will the battery cost 400 times more to produce? I highly doubt it.

 

[RebelFlag]

Low gold prices are what got it put in those vaults in the first place. High gold prices ensure that a good bit of it will go back onto the market. No, what's really needed is an affordable way to MAKE gold. We can do it on a very small scale but its costs more to transform base metals into gold than the value of the gold created.

You didn't catch my meaning. I was meaning lower the value by freeing it from being the foundation of our currency.

The US left the gold standard in 1933, and currently no country bases it's currency on gold.

 

[treetops]

Our batteries are staggeringly better than they were ten years ago, A flip phone\blackberry battery would probably only power a smart phone for a few minutes.

 

[Kibaruk]

That could also be because now phones have a lot more real estate to put that battery on, for as slim as they become they are certainly bigger than flip phones, also there hasn't been that much of a change since they started used lithium batteries, 2004 (Over 10 years) was the last big breakthrough in increased storage.

Disclaimer: My source was wikipedia so I could and probably be wrong... but a quick search gave me that.

 

[Raoul Duke]

OT but, the Canadian Government has announced a while ago that it has sold off all of its gold and all that's left is a few gold coins.
edit: from the CBC Mar 4, 2016
"Former senior Finance Department bureaucrat Don Drummond says he doesn't think it makes any sense for Canada to hold any gold, because it hasn't delivered a good rate of return over time and it costs money to store it.
Drummond says that hundreds of years ago, gold symbolized the wealth of a country.
But that's no longer the case, since no major world economies still value their money tied to the gold standard."

 

[mbrowne5061]

Try again!
http://www.kitco.com/ind/Fraser/201...Gold-Reflects-the-Value-of-the-US-Dollar.html

Reflecting value is not the same thing as ensuring value - which is what is meant by 'backing' our money with precious materials. When a country backs it's money with something like gold, they keep a dollar of gold in a vault (at Fort Knox, for the U.S.) for every dollar in circulation. No more, no less. If the price of gold increases, the amount of currency in circulation is increased to match, and vice versa.

In fact, the link you posted states as much.