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  1. I'm having a discussion with an engineer friend about gold. I am of the contention that there has been much more gold mined and found than what is reported. Well ... what is my starting report? Let's go with this one as I don't really know how to prove or disprove my assumption. I don't want this to be 'consensus science' which is in vogue right now but I guess without true gold facts there has to be a certain amount of belief in known gold produced each year and reserves in conjunction with industrial and aesthetic uses over all time on earth. I don't really care about how much is left or not mined or in reserves. I found this statement when I did a Google search: Between all of the gold sources in the world, current estimates suggest that roughly 2,500 to 3,000 tons of new gold is mined each year. At present, experts believe that the total amount of above ground gold in the world stands at just over 190,000 tons. The source of this statement is Provident Metals. Is this over or under? If this topic has been done please point me to the thread and we can delete this one.
  2. MRA embarks to reduce mercury usage Alluvial miners at work on Bougainville Cedric Patjole | Loop PNG | March 8, 2020 The Mineral Resources Authority (MRA) recently launched a project to reduce the use of mercury in small scale mining operations. The Project aims to identify the extent to which mercury is used in the industry and how it is used and by whom, in a bid to mitigate health risks. On March 6th, the ‘Reducing Mercury Use in Papua New Guinea’s Alluvial and Small-Scale Gold Mining Sector’ Project was launched in Port Moresby, following a workshop with key stakeholders and project partners. The Alluvial Mining industry is one of the largest small to medium enterprise sectors in PNG that engages thousands of rural small scale miners. It is also a sector that is great health risks due to the usage of mercury. “This project is designed to get a better understanding of our alluvial sector general, and more specifically to identify the extent to which mercury is used how it is used and by whom,” said MRA Executive Manager of Regulatory Operations, Roger Gunson. “In addition, it will track the supply trial and identify the regions where it is used. The data collected relating to the sector will be entered into a database administered as part of MRA’s land-folio tenement system. “This will be able to better inform on policy development, resourcing, training and sector needs.” Gunson, said the Alluvial Mining is one of the biggest revenue earners for the country with K550 million recorded in 2019. He said this is similar to revenue generated by smaller mines such as Simberi Mine. However, the use of mercury in extracting gold poses major health risks to the miners. “Unfortunately, in many parts of PNG gold is extracted through the use of mercury. This is a danger to the health of miners, their families and communities as well as we have heard from the workshop today. “Hence, we have a paradox, we want the gold and we want to be able to seek it, but we also have a health risk that sits alongside it,” said Gunson. The project is funded by the US Department of State and implemented by Artisanal Gold Council (AGC) in conjunction with the MRA. Share this:
  3. https://www.fodors.com/news/photos/15-gold-buildings-that-really-exist-around-the-world
  4. Hello all, I'm doing a small study of metal detectors in Africa. How do you refer to gold detectors in your local language? What does the name mean?
  5. And here was me thinking the 22" Concentric X-coil is a massive coil People looking skyward in Central NSW might think they've seen a UFO if they catch a glimpse of the state's newest mining tool. It's an Aerial Electro Magnetic array called the 'X-cite' - and the exciting part is it's finding gold way out west.
  6. From Kitco News. www.kitco.com Perth Mint sees record demand first-quarter demand for gold bullion (Kitco News) - Mints worldwide are seeing unprecedented demand for physical bullion, with the Perth Mint the latest to announce record sales for the first quarter of 2021. In a blog post published Tuesday, the Perth Mint said 130,000 troy ounces of gold and almost 1.6 million troy ounces of silver shipped to clients worldwide in March. “These figures are 285% higher (gold) and 178% higher (silver) than average monthly sales dating back to 2012,” the mint said in the commentary. In the first quarter this year, the Perth Mint sold more than 330,000 ounces of gold and more than 4.5 million ounces of silver, said Jordan Eliseo, manager of listed products and investment research at the mint, in the report. “These figures represent the highest calendar quarter on record for gold and the fourth-highest calendar quarter on record for silver,” he said. General Manager Minted Products Neil Vance said that the most popular bullion coins at the Perth Mint are the one-ounce Kangaroo coins. “The market continues to take everything we can make at present,” he said. The historic demand for gold and silver comes as both precious metals saw sharp declines since the start of the year. The mint noted that gold prices fell 11% and silver prices dropped 9% in the first three months of 2021. “There have been multiple factors contributing to the sell-off, which has now seen the U.S. dollar gold price pullback by almost 20% since it hit all-time highs in August 2020,” the mint said. Resilient strength in the U.S. dollar, rising 10-year bond yields, growing competition from cryptocurrencies and record valuation in equity markets are all competing against the gold market, the Perth Mint said. The strong demand for bullion comes as the Perth Mint continues to battle it out with social media and Reddit users who are encouraging investors to run on the mint and create a physical short squeezing. Reddit users have accused the mint of not having enough physical silver. The Perth Mint said that it has plenty of supply, but it takes time to refine the metal into its popular products. “While we just about satisfied demand for gold this month, interest in silver is outstripping our capacity to convert plentiful supplies into finished goods,” said Vance. The data from the Perth Mint is also in line with global demand trend. Data from the U.S. Mint shows that it sold 412,000 ounces of gold in the first quarter of 2021, its best start since to the year since 1999.
  7. Gold facts/information Quote then add your facts A cubic centimetre of gold weight 19.3 grams A cubic inch weight is 10 ounces Gold is Au and silver is Ag Atomic n° of gold is 79 (Au79) Silver is a better conductor of heat and electricity than gold but gold does not oxidize. Gold is soft, dense, malleable, ductile Gold is malleable enough for just 1 gram to be hammered into a sheet 1 square meter in size. The melting point of Gold is 1,064.43°C (1,947.97°F). 100% of gold found naturally is isotope Au-197. 187,000 metric tons historically produced plus current underground reserves of 57,000 metric tons) gold is “diamagnetic”, meaning that it can be repelled by a magnetic field, but cannot form a permanent magnet. United States. Tonnes: 8,133.5 in 2020 China. Tonnes: 1,948.3 The first Gold coins appeared around 700 BC. An ounce can be beaten out to 187 square feet (about 17 square metres) 1870s until World War I the gold standard was the basis for the world’s currencies. Gold was the international monetary system, it came to an end by the 1970s Gold occurs mostly in the native state, except with tellurium, selenium, and bismuth. ADDED by others Between about 4-27 micrograms per cubic meter: Micrograms of gold in 1 cubic meter of seawater. 1,400,000,000,000,000,000 cubic meters: the total volume in cubic meters of seawater on Earth 5.6x10^18 - 3.78x10^19: Total micrograms of gold in all seawater on Earth 5,600,000,000,000 - 37,800,000,000,000: Total grams of gold in all seawater on Earth 180,044,180,784 - 1,215,298,200,000: Total troy ounces of gold in all seawater on Earth
  8. I know that this may not be the correct location but there are a few members here that frequented GPEX. I am just wondering if anybody has any information as to why the forum is down, I have a sinking feeling that it has met it's maker but am hoping that I am wrong. Thanks in advance for any input. Cheers
  9. This is the title of a book about producing gold in WA. I've just read a review of the book and think the book would be a good read. It appears now because a company is about to begin production. I don't own any Australian gold stocks but maybe I should. https://www.investorideas.com/news/2021/mining/02125Aussie-Gold-Production.asp
  10. I found one in tailing pilings from sniping the creeks with my friend in N Y and if I did not bring the detector would not have gotten it.To be clear I am talking about natural gold.
  11. Prospector unearths three gold nuggets near Castlemaine, sparking hopes for mine https://www.theislanderonline.com.au/story/7110780/could-one-gold-prospectors-finds-unlock-hidden-underground-riches/
  12. Have you ever wondered about gold mining on the Russian/Chinese border? This is quite a story. Use your imagination and it is probably worse! What men will do for gold. https://www.rbth.com/history/333347-russians-secretly-set-up-california
  13. To see this: And this: https://dallas.culturemap.com/news/entertainment/01-29-21-australian-gold-dragons-lair-ausrox-nugget-perot-museum/#slide=0
  14. It seems there is a considerable amount of gold in Wales. Is there any that can be found with a metal detector? https://dailytimes.com.pk/706546/wales-braces-for-new-gold-rush-as-700-million-seam-of-precious-metal-is-discovered-in-snowdonia/
  15. This nugget has caused problems in the area. Locals have been threatened to stay away while gangs search for more. GANGS are sifting through streams on private property in a bid to unearth gold after a nugget worth £80,000 was found. The crooks have sneaked onto the land and “destroying riverbanks” following the discovery of the 121g (4oz) lump. https://www.thescottishsun.co.uk/news/5853247/scots-gangs-panning-gold-kill-threats/
  16. Below is Denver's forecast -- an example (from Wunderground) of what the USA Rocky Mountains will see this week:
  17. Some of us should have taken our money and put into these stocks! https://stockhead.com.au/resources/the-small-caps-with-prime-real-estate-in-the-eastern-goldfields-one-of-the-worlds-best-gold-districts/
  18. It seems that Wall Street has found gold stocks! https://finance.yahoo.com/news/wall-street-throwing-billions-once-233147743.html
  19. Gold hit $1,944 per ounce earlier today, beating its previous record of $1,921 set in 2011. Will it crack the important $2000 psychological barrier? If so, the sky is the limit.
  20. Australian Wedge-tailed Eagle 2020 5oz Gold Proof Incused High Relief Coin he Perth Mint is delighted to continue its association with one of the world’s foremost coin designers, John M. Mercanti, who has now sculpted five portrayals for the sought-after Australian Wedge-tailed Eagle Series. Key Features: Proof quality 99.99% pure gold Fifth John M. Mercanti design Incused reverse artistry Australian Legal Tender Extremely Limited mintage – 50 If you got a spare AUD $1,000,000 you can buy all 50 of them 🤑
  21. NOW is the time to invest in Gold and Silver mining stocks ( also physical gold and silver) if you can afford it! I have subscribed to various stock analysts news letters over the last 18 years, and have found that Michael Oliver 's Newsletter is the most accurate I have come across so far. He is saying NOW is the time! His technical analysis and momentum indicators are giving the green lites. He feels gold will be at $1360 by the end of January. He also says 2019 will be an excellent year for the metals, and to expect some fast upward moves in price. A lot of the stocks are still near their price lows for the year. You want to buy low and sell high. With the gold and silver markets very small in size , when the big money starts to pour in, we will see explosive upwards moves in the prices. When gold hit close to $2000 an oz about 10 years ago, a lot of mining shares were 4x higher in price than they are today. I came across Mike Oliver 's commentary at King World News . com He currently has 2 podcasts there you can listen to, to get it straight from the horses mouth! Don't depend on a redneck ( me) for your investing advice. LOL. I wish you all the best in 2019! Detecting and investing.
  22. Here is a nugget auction ending tomorrow. It is a: Attractive, Knobby Australian Gold Nugget 3.37 Troy Ounces Large Gold Nugget, 104.8 grams. This textured, large, and heavy nugget is honeycombed with crevices and hollows that provide an interesting view from any perspective. Spectacular yellow-gold color displays a slight greenish hue. Microscopic glimpses of host dust hide in two or three of the deepest recesses. This nugget was found in Victoria, Australia, and it certainly has the classic "look" and character of Australian gold. It weighs in at a respectable 104.8 grams (3.37 troy ounces) and measures approximately 1.625 x 1.125 inches (41.28 mm x 25.58 mm).Learn more at the Newman Numismatic Portal at Washington University in St. Louis. You can bid here! https://coins.ha.com/itm/nuggets/large-gold-nugget-1048-grams/a/1314-4261.s?type=CollectorsCorner1314
  23. Nothing like the fear of a decent global pandemic to push gold along. Hope I'm not too dead to cash in :)
  24. I wonder how deep this coin could be detected. 20 feet?... https://www.bbc.com/news/world-europe-46821706
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