Fed tests gold upleg
Gold’s outlook and fundamentals remain really bullish.
An Australian amateur prospector still can’t believe his luck as the car hood he thought he had hit when digging turned out to be a 22-cm-long hunk of gold weighing 5.5 kg.
The discovery, qualified as “extremely significant” by Cordell Kent, owner and dealer of Ballarant Mining Exchange Gold Shop, has gone far and wide. The video of the nugget, posted on YouTube late Wednesday, already had almost 440,000 views at the time this story was written.
“I have been a prospector and dealer for two decades, and cannot remember the last time a nugget over 100 ounces [2.8 kg] has been found locally,” Kent told BBC News.
After discovering the nugget, already for sale for more than $260,000, the man rushed home to tell his wife. “He is going to pay off a lot of bills and pay off his house,” Kent said. “It’s a real life changer.”
This is not the first time a massive gold nugget has been found Down Under. Last year, a photo of a boomerang-shaped object, allegedly belonging to a huge 60-kilogram yellow metal nugget, found near Kalgoorlie, also had its 15 minutes of fame.
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