Well, no offense intended Ranbo, life is too short.
When the actual quantity of ice needed to generate a 1 meter rise in sea level is calculated, the size of the ice block is staggeringly huge.
The surface area of water on earth is about 360,000,000 square kilometers, rounded down a bit. Ocean area is about 334,000,000 sq km. If the oceans were to rise a full meter, you would need to find 335,000,000 square kilometers times 1,000,000 cubic meters of ice, approx, to do that, as a square kilometer is 1,000 meters by 1,000 meters, so 1,000,000 meters-cubed of water.
Assuming the coast line remains the same, which it won't if the oceans rise a meter, but to keep it simple, the additional water would occupy a volume of 335,000,000 times 1,000,000 meters cubed of water/or ice uncorrected for volume/temperature.
So, that's a mere 335,000,000,000,000 meters-cubed of additional water to raise the sea level one meter. 335,000 cubic kilometers of ice.
Let's take the cube root of that number to find out how big block of ice, currently sitting above the ocean, not floating in it, would be required to melt to raise the oceans.......the cube root is 69,451, so the block would measure close to 70,000 meters on each side.
A block of ice approximately 70 kilometers on each side would need to melt. It's hard to find that volume of ice in glaciers. I'm not saying it isn't there, but this is not current sea ice, its ice in the cordilleras, the Alps, the Himalayas, places like that.
What I've never seen is the data/audit covering the reservoirs of that ice on the planet's surface. I would like to see that. Greenland supposedly has approximately 2.7 million cubic kilometers of ice, but right, I don't see that melting in the next few years either.
As for silver, it is hard to conceive it will drop much lower than $18 in my lifetime at this point, there is too much uncertainty about fiat currencies competing in a race to de-value.
The good news today is that the Fed announced that they may taper even faster, the Dow plummeted, but silver went up a few cents. It means that silver is acting more like money and less like a commodity, which is good news, because it indicates that the taper is priced into silver and we may be at or near the bottom. It is still a guessing game, where the bottom is, but it looks good when charted with historical data and you include the almost unprecedented explosion in fiat (Weimar, anybody?)
Yeah, the small investors get burned when they listen to faddish advice and hot tips.
Buying low is a very difficult thing to do, selling high is just as tough.
Good luck as well investing.
-Plat Commented 3890 days ago |