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Makes me ponder why the author remained anonymous.....trying to mislead others?
He signed his name at the end of the article on the second part as R.P. Timmons. Don't know who that is but it seems he talked to some people in the know.
What you state has long been a theory to counter the legend. Since I personally have found nothing, I cannot say your theory is correct or incorrect. I can only state that there are dozens of claims for almost 200 years of found silver coinage and tugs in both rock houses and creek beds. Even silver stashes found in caves. A spear point and axe blade made of silver have been found. Accounts of silver coin counterfiters through the years as well. All of these things can be plotted on a map with tacks or ink dots. Some in Southern Ohio, most in South Eastern Kentucky, far western Virginia and western West Virginia. Now I know that you can't poop silver, and it doesn't grow in trees! So it had to have came from somewhere out of the Earth, probably in Eastern Ky.
So why did this guy publish these articles? He must have concluded his search before doing so...right?