Suppose an astronomer discovers gold on the moon. Would this gold add to the world reserves?
A) Yes, we know it exists and we could recover it.
B) No, we know it exists but we can't extract the gold.
C) No, there are no established property rights over the moon so they cannot add to world reserves.
D) Yes, but only if the astronomer is the resident of a developed country with well-established property rights.
Question 2
Suppose we know that 10 Spanish Galleons sunk in the Atlantic Ocean carrying approximately 50 tons of gold, but the exact location of these shipwrecks is unknown. Would this gold add to the world reserve?
A) Yes, we know it exists.
B) No, we know it exists but we can't extract the gold.
C) Yes, it's only a matter of time before the shipwrecks are discovered.
D) No, there are no established property rights over the shipwreck so they cannot add to world reserves.
Tiger quoll sleeping at the window of the nocturnal animals exhibit at Sydney Wildlife World
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Charlie Chaplin in The Gold Rush.
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Moon