Please forward this error screen to 50. Scientists have struck gold in is it worth investing in gold 2017 unlikely place: Swiss sewage and waste water treatment plants. An estimated 95 pounds of gold is flushed through Swiss sewage systems each year, according to a study by the aquatic science institute Eawag.
The researchers believe the tiny flecks of gold flow into the waste water system from the country’s famed watchmaking industry and gold refineries. The study, commissioned by the Swiss Federal Office for the Environment, involved surveys of 64 waste water treatment plants across the country. Some areas had higher concentrations of gold than others. In one part of southern Switzerland that is home to several gold refineries, elevated levels of metal deposits might even be worth collecting. Concentrations of gold in sewage sludge are sufficiently high for recovery to be potentially worthwhile,” the researchers wrote. Researchers conduct tests at a waste water treatment plant in Zurich. The scientists found other unexpected elements in the water: large amounts of silver and even rare earth minerals often used in the manufacture of electronic devices.
Gold and silver aren’t the only valuable items found in Swiss waste water this year. 500 bills had been flushed down toilets at a UBS bank branch and three nearby restaurants. The investigators said they were concerned the women were trying to get rid of illegal cash. Does Your Bank Pay as Little as 0.
31 billion from storage locations in New York and Paris. Germany has been bringing gold home to Frankfurt from the two cities since 2013. The final 100 tons were moved from Paris earlier this year, the central bank said. In total, 743 tons have been transferred.
The project was completed three years ahead of schedule. The central bank previously said it was bringing the gold home to help build public “trust and confidence. But it’s also a recognition that times have changed: Germans are no longer worried about preventing their gold reserves from falling under Soviet control — a real fear during the Cold War. And the central bank no longer needs to keep gold in Paris as a protective measure that would allow it to quickly exchange international currency in an emergency.
In the wake of World War II, Germany gradually rebuilt its decimated gold reserves. As its economy strengthened, it converted the U. Fears of Soviet invasion kept the reserves abroad even after the value of the dollar was decoupled from the price of gold. In recent years, rumors and conspiracy theories circulated in Germany about its foreign gold reserves.