A little rough gold

[Tuberale]

In my experience, whenever there's a sudden jump in gold prices, there's a lot of melting going on, just to cash in on sudden increases. That's been going on for over 150 years. Early $50 gold slugs from private mints in California were often remelted, when it was found they often contained over $50 worth of gold. Few made it out of the melting pots, which is one reason so few are left for collectors today.

Same thing probable for gold today: larger nuggets should command a premium for collector's values. Collectors know not to release high-value gold objects during high melt periods: as seller seldom receives much over spot (if that). If you want collector's values, you will need to wait until after the initial hysteria of higher pricing comes under some control.

 

Amazon Forum Fav 👍

Family Maps of Hinds County, Mississippi, Deluxe Edition - Grab it through Amazon!

[FiresEye]

In my experience, whenever there's a sudden jump in gold prices, there's a lot of melting going on, just to cash in on sudden increases. That's been going on for over 150 years. Early $50 gold slugs from private mints in California were often remelted, when it was found they often contained over $50 worth of gold. Few made it out of the melting pots, which is one reason so few are left for collectors today.

Same thing probable for gold today: larger nuggets should command a premium for collector's values. Collectors know not to release high-value gold objects during high melt periods: as seller seldom receives much over spot (if that). If you want collector's values, you will need to wait until after the initial hysteria of higher pricing comes under some control.

Who said anything about hysteria or gold prices coming down! IMHO, gold, and hysteria will continue to increase. Not to mention it's already begun happening and is escalating. Anyone who thinks there is Peace ahead, think again. War is at hand, and even amongst ourselves, but more importantly against the outer idealism's already in place and looking to further subplot the so called " true( capital T), right and good) Peoples of earth. .

Metaphysicals and even proper philosophical argument aside, Gold is where ya find it! Or color only shines when the Doa is vibrant. And iff you consult the I Ching, remember that there's a hexogonal interpretation. So look twice.

 

[kuger]

I dont know about hysteria's,philosophies and all that mumbo jumbo,but I will tell ya,collectors dont buy gold at specimen prices when it is at record highs,what sense would that makeThe market is too volatile to be kicking out $2600+ an ounce!!!I personally saw two six ouncers sent to melt just a couple weeks ago....make ya cry!!!!

 

[FiresEye]

I dont know about hysteria's,philosophies and all that mumbo jumbo,but I will tell ya,collectors dont buy gold at specimen prices when it is at record highs,what sense would that makeThe market is too volatile to be kicking out $2600+ an ounce!!!I personally saw two six ouncers sent to melt just a couple weeks ago....make ya cry!!!!

Perhaps....
BUT
People who cling to collector value will all see their investments fall. Eventually. not saying it will happen overnight or even in a year, 10 years, etc. But
The value is in the art, the weight, the purpose and the cause, and people who get caught in the past will get washed away by the future, just like a first time panner will wash gold right back to the river.

 

[kuger]

All I can say is I have sold a lot of specimen gold for up to 3x spot,and that hasnt happened in the last 3 years!!Of course I am more than happy with spot right now!! I am trying to sell a 5 1/2 ouncer right now for a guy,that wants $12,000.No takers...as expected

 

[russau]

DARN! now i have drool on my keyboard from them pictures! really nice peices!!

 

[Macklin]

Wow . I hope to try hard rock prospecting soon .

 

[NJnuggetpirate]

hey yall when you use a rock beater to break the ore will that usaully flatten any nugget or really big chunks of gold in the ore

 

[NJnuggetpirate]

DARN! now i have drool on my keyboard from them pictures! really nice peices!!

your not the only one lol

 

[dave wiseman]

One uses a mortar and pestle and if you have free gold showing and don't want to crush hydrofluoric acid could be used to eat away the quartz or your hands or lungs if your not extremely cautious.Leave the acids to someone with more experience.Gently tap the species with the pestle as it rests at the bottom of the mortar and if there's lot's of yellow the piece likely will all stick together.Most fellows who find a specie now and then don't bother with crushing as in most cases there's not as much gold in the rock as it appears or as one would imagine.

 

[NJnuggetpirate]

thanks is that acid your talking about the kind that will melt almost everything except glass?

 

[dave wiseman]

Man,don't bother with that.Leave it to the pro's or those who like to walk on burning embers....or those who venture into adits and drifts with just a book of matches.

 

[NJnuggetpirate]

wouldnt you agree the man who can acomplish everything is the one who has the heart and mind to want to learn just about everything i mean yea im not dumb enough to try it by myself ide have someone who knows what there doing teach me how to handle it safely but you are right and i wont be stupid and try it by myself