colluvium
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Posts posted by colluvium
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Canada once had a large gold reserve that was sold cheaply at fire-sale prices many years ago, especially during the Trudeau years when deficit spending became popular. There's very little gold left in the vaults. Now the government plans to melt down thousands of $5 and $10 gold coins it minted in the early 1900's to reduce the deficit and balance the budget by next year.
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China is importing huge amounts of gold, 1,051 tons through Hong Kong alone since 2010. It has been suggested that the recent decline in gold price was orchestrated by JP Morgan to gain favour and influence (buying opportunity) with their Chinese clients and powerful politicians, but now the available supplies of gold for that purpose are drying up, At the current rate of accumulation, in addition to all domestic gold mined, Chinese gold reserves held by the goverment could exceed the 8,133.5 tons said to be held by the U.S. in as little as four years, but whether the U.S. amount actually exists is a secret - there has been no actual audit in more than 60 years. Recently, Germany announced it's intention to repatriate all its foreign-held gold reserves, some of which are held in the U.S., but apparently it will take up to seven years to get it back. Something's not right.
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If you are a member of Doug's Australian electronic gold prospecting forum.com, type "Hand of Faith" into the search function and you will find three excellent photographs posted by "alluvium" in 2010 of the unveiling of the Hand of Faith monument together with the Hand of Faith nugget and the beat-up Garrett A.D.S. detector that found it.
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The 389 oz "Boot of Cortez" gold nugget is another example of very large eluvial gold. It was found in 1989 in the Mexican Sonora Desert at a depth of 8 inches with a Radio Shack metal detector.
Makro Racer First Impression / Gold Racer Preview
in Nokta / Makro Metal Detectors
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Detech Gold Catcher VLF operates at 28 Khz. There are some videos of this recently introduced machine on YouTube but few are in English.