$40,000 GOLD BAR Crushed
Watch as a $40,000 24 karrat, pure gold bar is crushed with a big hydraulic press!
I’m publishing this just because it involves a pure gold bar and really shows how malleable gold is. but, with that said, I can explain why it’s stupid. It is a solid chunk of relatively soft metal. The outcome is absolutely predictable and no more aesthetically pleasing than the original, as this yellow bar of expensive play-doh simply conforms to the surroundings in accordance with the immense pressure applied. Read more
Gold is proving once again why, historically, it has been the most commonly accepted currency. Given the current disaster that is fiat, we could be looking at an eventual return to the gold standard; the Central Banks wouldn’t want to be left behind, now would they?
The gold standard is a monetary system in which the standard economic unit of account is a fixed weight of gold. There are distinct kinds of gold standard. First, the gold specie standard is a system in which the monetary unit is associated with circulating gold coins, or with the unit of value defined in terms of one particular circulating gold coin in conjunction with subsidiary coinage made from a less valuable metal.
Similarly, the gold exchange standard typically does not involve the circulation of gold coins, instead using notes or coins made of silver or other metals, but where the authorities guarantee a fixed exchange rate with another country that is on the gold standard. This creates a de facto gold standard, in that the value of the silver coins has a fixed external value in terms of gold that is independent of the inherent silver value. Finally, the gold bullion standard is a system in which gold coins do not circulate, but in which the authorities have agreed to sell gold bullion on demand at a fixed price in exchange for the circulating currency. Read more
El Sid Gold Mine, 29 Palms CA
The “El Sid” gold mine was operated under various names from about 1890 to the late 1980’s when it was abandoned. Exploring this mine requires about a 2 mile hike from the nearest paved road. Entering Abandoned mines is by nature dangerous and not advised.
There was an active mining community in 29 Palms as early as 1870. Read more
Gold Mine Operation
Private cut and fill gold mine owner gives us a detailed tour, demonstrates tools, equipment, construction and the geology of his gold mine. This is a long video that explains many of the technicalities seen in old gold mines.
A lot of valuable insight in this video. I’ve watched hundreds of mine exploration videos and this one answered many questions about the equipment and methods used for hard rock mining….by someone who has actually done it! Read more
Mponeng Gold Mine
Most Dangerous Construction In the World: Mponeng Gold Mine (Discovery Channel)
Mponeng is a gold mine in South Africa’s North West Province. It extends over 4 kilometres (2.5 mi) below the surface, and is considered to be one of the most substantial gold mines in the world. It is also currently the world’s deepest mine. The trip from the surface to the bottom of the mine takes over an hour.
Over 5400 metric tonnes of rock are excavated from Mponeng each day. At a cost of $19.4 per gram of gold extracted, the mine needs to recover only 10 grams of gold per ton excavated to remain profitable. The mine contains at least two gold reefs, with the deepest one metre thick. Read more
Survive Rattlesnake Bite
When our prospecting here in Southern California or Arizona, it seems I’m always running into rattlesnakes. From my own experiences, I would say your best bet is to keep alert and don’t put your hand or foot down in places where you cannot see what could be lurking there.
Probably, I would think the best advice that I could give anyone for surviving a rattlesnake bite when our prospecting or metal detecting is to always go with a buddy.
I know there’s probably a lot of you think that the number one tip should be to carry a cell phone. But, most of the places that I’ve been in Southern California and Arizona you’re really in areas that have no cell service whatsoever. Even if you’re close to a major highway that does have cell service most of the time you’re going to be in canyons and depending on how deep they are you won’t receive any signal. Read more
Fourth of July
On the Fourth of July, we pause to remember and to celebrate the values of liberty and justice that make our country great. And to be thankful for the remarkable freedoms we enjoy. The significance of this day has inspired speeches, music, art, and literary works. Most importantly, it has inspired our people and the citizens of the world. It is an opportunity for each of us to ponder the meaning of our nation’s heritage and to celebrate it in our own unique way.
Independence Day Fireworks at the National Mall, as seen from the Netherlands Carillon in Rosslyn, Virginia. Read more