Fed tests gold upleg
Gold’s outlook and fundamentals remain really bullish.
A huge 60-kilogram gold nugget allegedly found near Kalgoorlie has the Australian mining community literally suffering from gold fever.
According to ABC News, the nugget has an estimated value of roughly $1.6 million.
The photo of the boomerang-shaped object has gone far and wide. Some experts quoted by The Australian seem to believe it is just a hoax. Others are more enthusiastic:
“It’s enormous and you hear rumours of weights from anywhere between 27 kilos to 60 kilos,” Acting Superintendent of Goldfields Police Darren Seivwright told ABC News.
“If that is a 60 kilo chunk of gold, that is a significant find.
“If it is, I wish it were mine.”
What do you think?
Image courtesy of PerthNow.com
13 Comments
Ken M
Looks like brass pours into a ravine in the ground, not golden at all and there is no sale or reference point. I think it’s a hoax.
Ken
Frank
that is not a natural thing but is made by someone. It didn’t happen in nature. No, sorry- not a believeble story.
Mark, Zambia
It’s a pickup tail by the looks of it. The morphology, colour and lustre of the ‘gold’ all look fine to me (I’ve panned and examined thousands of grains). How these things form, particularly at this size, is a mystery. Probably the result of some long process of dissolution of the gangue minerals, then the gold being locally dissolved and reprecipitated and perhaps physically ‘annealed’ as well. Congrats if it is real!
vanzie
Hi Mark,
Are there any major “alluvial” deposits in zambia??
Talk to me in S A on [email protected] I may have something of great interest for you!
Mike, Guinea
Really nice
Tamas Feher
It is interesting to see how this nugget developed from fluids underground
Ben Muston
bull
James Chisholm
Wow. Having found a lot of gold in my time, that ain’t it.
Brian Dewy
Mickelberg brothers at it again, hahaha
Pete
What is the mysterious base upon which the nugget is shown? Is it some sort of measuring device?
Matt B
Its called the back of a ute Peter. 🙂
Poopie
Kangaroo poop.
Alex
Where are the scale?