Gold



5.5 kg Gold nugget found

So it wasn't just ANY metal detector that found the monster gold nugget missed by hundreds ... it was the nifty Minelab GPX-5000, a state-of-the-art metal detector that goes for $5,200.


"The GPX 5000 sets the new benchmark in gold detecting technology. With an amazing range of features and functions the GPX 5000 is not only superior to its predecessor, the GPX-4500, and is in a class of its own. Featuring Minelab's exclusive technologies, Multi Period Sensing (MPS), Dual Voltage Technology (DVT) and Smart Electronic Timing Alignment (SETA), the high performance GPX 5000 is capable of finding more gold than ever before. From sub-gram nuggets to the elusive 'retirement nugget' and everything in between, with the GPX 5000, you can find it.

New improved electronics, new Soil/Timings and an amazing range of features combined with the legendary GPX ability to ‘see through ground' mineralisation, gives you a significant Depth Advantage over other detectors."


There we go. Naturally its the monster 'retirement' nuggets we're all after so we best not be too cheap basterds and attempt to save a few bucks on a PoS metal detector from Canadian Tire.

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MELBOURNE(BullionStreet): An amateur prospector has discovered a huge gold nugget with an estimated value of more than $300,000 in Australia's Victoria state.

According to reports, the nugget weighing 177 ounces, or 5.5 kilograms has been unearthed with a metal detector just outside Ballarat in a popular area for prospecting.

"A lot of people think Victoria's goldfields are dead and that there's none left, but he (the prospector) has worked in an area where a lot of people have worked in the past but he persisted and he's been rewarded.

http://www.bullionstreet.com/news/aussie-man-digs-out-55-kg-gold-nugget/3834


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Worlds' largest Gold Nuggets
#1 - Welcome Stranger nugget weighing in at 2316 oz., found on February 5th, 1869 in Moliagul, Victoria, Australia. It was melted down shortly after discovery.
# 2 - Pepita Canaa nugget weighing in at 2145 oz., found Sept 13, 1983 by miners at the Serra Pelada Mine in the State of Para, Brazil. It currently resides in the Banco Central Museum in Brazil.
#3 - Golden Eagle nugget weighing in at 1136 oz., found by sixteen year old Jack Larcombe on January 8th, 1931 in Larkinville, Western Australia
#4 - Newmont's Normandy Nugget weighing in at 899 oz. found near Kalgoorlie, Western Australia in 1995. Currently its on display at the Perth Mint in Australia.
#5 - Hand of Faith nugget weighing in at 875 oz. It was found in 1980 in Wedderburn, Australia using a metal detector. It currently resides at the Golden Nugget Casino in Las Vegas.
The largest gold nugget ever found in Alaska at 294.10 Troy Ounces. It was found near Ruby, Alaska in 1998 by a miner as he operated his bulldozer. The nugget rolled off the pile of dirt ahead of the bulldozer blade.


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Ottawa, Ontario, October 18, 2007 – The Royal Canadian Mint (RCM) is proud to announce that its masterpiece 100-kg, 99.999% pure gold bullion coin with a $1 million face value has been proven by Guinness World Records to be the world's largest gold coin.

After several interested buyers came forward, the RCM decided to make a very limited quantity available for sale. To date, five of these majestic gold bullion coins, weighing 3,215 troy ounces each, have been purchased by investors from Canada and abroad.

3,215 troy ounces (of many extra fine 9s) gives us something that otter be worth around $ 5,460,000, at least, if we find one laying around today.

Not to be outdone in such matters, The Perth Mint in Australia took 18 months and unveiled a 1 tonne, 1,000 kilograms, or 32,150.7466 troy monster coin in late 2011.

My math makes this baby worth $ 54,655,500 on a real bad day.





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1. The term “gold” is the from the Proto-Indo-European base *ghel / *ghol meaning “yellow,” “green,” or possibly “bright.”

2. Gold is so rare that the world pours more steel in an hour than it has poured gold since the beginning of recorded history.

3. Gold has been discovered on every continent on earth.

4. Gold melts at 1064.43° Centigrade. It can conduct both heat and electricity and it never rusts.

5. Due to its high value, most gold discovered throughout history is still in circulation. However, it is thought that 80% of the world’s gold is still in the ground.

6. Seventy-five percent of all gold in circulation has been extracted since 1910.

7. Gold is so pliable that it can be made into sewing thread. An ounce of gold can be stretched over 50 miles.

8. Gold is chemically inert, which also explains why it never rusts and does not cause skin irritation.

9. One cubic foot of gold weighs half a ton.

10. The Olympic gold medals awarded in 1912 were made entirely from gold. Currently, the gold medals are coated with six grams of gold.

11. The Incas thought gold represented the glory of their sun god and referred to the precious metal as “tears of the Sun.”

12. Around 1200 B.C., the Egyptians used unshorn sheepskin to mine for gold dust from the sands of the Black Sea. This practice is most likely the inspiration for the “Golden Fleece."

13. In ancient Egypt, gold was considered the skin or flesh of the gods, particularly the Egyptian sun god Ra.

14. There are more than 400 references to gold in the Bible.

15. The chemical symbol for gold is AU, from the Latin word aurum meaning “shining dawn” and from Aurora, the Roman goddess of the dawn. In 50 B.C., Romans began issuing gold coins called the Aureus and the smaller solidus.

16. Between A.D. 307 and 324, the worth of one pound of gold in Rome rose from 100,000 denarii (a Roman coin) to 300,000 denarii. By the middle of the fourth century, a pound of gold was worth 2,120,000,000 denarii—an early example of runaway inflation, which was partly responsible for the collapse of the Roman Empire.







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