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Russian Gold Standard

Russian Gold Standard

Did Russia just roll out a Gold Standard heralding a changing world order and shake up for reserve currencies?

Yes, I believe this is another catastrophic blunder by the Biden Administration that is now causing the US dollar to lose it’s status as the world’s currency!

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By Bob711, ago

TREASON for Buying Gold?

TREASON for Buying Russian Gold?

Stop Russian GOLD Act of 2022
Stop Russian Government and Oligarchs from Limiting Democracy Act of 2022

There is a bill being proposed in congress that seeks to block the purchasing power of gold coming out of Russia. 

However, this bill has such a broad overreach that it could turn any ordinary US citizen into a fellow by doing business with any foreign entity who has touched gold from Russia. The powers and penalties granted if this bill passes are terrifying. (more…)

By Bob711, ago

Spot price of gold

The spot price of gold

Well, talk about volatility, here’s a chart of the spot price of gold for the last month:

gold spot price

On March 1, 2022 I wrote“With what’s happening with Russia and Ukraine, I would personally think that we would be well over $2,000 an ounce for gold by now. Sure, gold is a little over $1,900 an ounce as I’m writing this, but, also Russia has just announced that they’re putting their nuclear arsenal on  alert! 

This makes me wonder that once we see a cooling down of the Russian Ukrainian conflict, we might see a substantial drop in the gold and silver prices. Just perhaps, if such a drop occurs, it might be an exceptional buying opportunity either through stocks, ETFs or the physical metal itself, to get into the market so you could have at least a small percentage of your investment portfolio in precious metals.”

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By Bob711, ago

Gold Price @ $2,400

Gold Price @ $2,400

Fantastic interview! Love the quote “Mr Powell has to feel like a porcupine in a balloon factory”.

The conflict in Eastern Europe is likely to be protracted, and energy prices will respond by rallying even higher from current levels, said Pierre Lassonde, chairman emeritus of Franco-Nevada and CEO of Firelight Investments.

“I think that Mr. Putin calculated that this was going to be an easy, quick win for him, to just roll into Ukraine and essentially put Humpty Dumpty back together, which was what he was trying to do. His plans are not turning out exactly as he had wished. With the Germans now changing tack and saying, we’re going to provide military help, that has changed the possible outcome of this war quite dramatically. The longer it lasts, the more profound the impact is going to be, particularly on the energy market. If this goes on for two, three weeks, a month, I think you’re looking at $200 oil,” Lassonde told Michelle Makori, editor-in-chief of Kitco News on the sidelines of the BMO Global Metals & Mining Conference. (more…)

By Bob711, ago

Crystalline Gold – Liberty gold mine

Crystalline Gold

A rare form of crystallized gold that the Liberty area is known for. Crystalline gold is the rarest and most beautiful form of gold and Crystalline gold is especially valued by collectors because of its bright color and unique shapes.

Crystalline gold can form cubes, dendrite or dendritic patterns, octahedrons, thin leaf and sheet forms and many other surprising designs. The prices for different crystalline gold specimens can vary greatly. The major determinant of its value is its appearance, not the amount of actual gold in the piece. (more…)

By Bob711, ago

Ghost Town Silver

Extracting Ghost Town Silver

Going to the silver ghost town of Silver Reef, Utah to collect a sample of silver ore, and meet up with Cody of Cody’s Lab to learn how to extract it. 

Note that silver is also used in solder, an easily-melted alloy used to join electrical connections or copper pipes/plates. (more…)

By Bob711, ago

Klondike Gold Rush

Klondike Gold Rush

The Klondike Gold Rush tells the legendary story of the Alaska-Yukon Gold Rush. Over 100,000 people voyage to the far North intent on reaching the Canadian boom-town Dawson City and striking it rich. 

Historians and authors bring insight and perspective to the event that changed the lives of thousands. Present-day characters reveal that the frontier spirit is still alive in the Klondike. (more…)

By Bob711, ago

Turning jewelry into pure gold

Turning jewelry into pure gold

Turning gold jewelry small 24K pure gold bars.

From Wikipedia, the free encyclopedia:

Gold is resistant to most acids, though it does dissolve in aqua regia (a mixture of nitric acid and hydrochloric acid), which forms a soluble tetrachloroaurate anion. Gold is insoluble in nitric acid, which dissolves silver and base metals, a property that has long been used to refine gold and to confirm the presence of gold in metallic substances, giving rise to the term acid test. Gold also dissolves in alkaline solutions of cyanide, which are used in mining and electroplating. Gold dissolves in mercury, forming amalgam alloys, and as the gold acts simply as a solute this is not a chemical reaction. (more…)

By Bob711, ago

Yuma Arizona Gold Prospecting

Yuma Arizona Gold Prospecting

In this video, we are on a private gold claim just north of the city of Yuma Arizona. Besides using some of the world’s best gold detectors, the gold prospectors are also using drywashers, gold trommels and recirculating sluices. 

Gold nuggets were found with the detectors, a good-sized picker was found sluicing and lots of fine gold was found drywashing. (more…)

By Bob711, ago

Native Silver Discovery Globe Arizona

Native Silver Discovery Globe Arizona

The 417 Project lies 10 km due north of the copper mining town of Globe, Arizona, and 112 km east of Phoenix, Arizona. The “417” consists of 100 unpatented lode claims covering an area where an extraordinary amount of alluvial native silver was found by metal detectorists over the last two years.

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By Bob711, ago

Large Arizona Gold Nuggets

Large Arizona Gold Nuggets

Working in the Monsoon Summer season in a dry wash bottom. 

We are hand placering the wash using digging tools, rakes and metal detectors/pinpointers to recover the gold. Here in this video we recovered two massive gold nuggets, one was 2.2 ounces and the other was right at 1 ounce. (more…)

By Bob711, ago

Gold Nugget Patch

Gold Nugget Patch Australia

Nugget patches like the one found in this video, are exciting to find: almost every target under her metal detector is gold.! There are even two nuggets in the same hole, twice!

For your average weekend prospector in the United State, when out gold metal detecting, finding even one nugget during the day is cause for celebration! But, on those very, very rare occasions, sometimes the gold prospector is extremely lucky and fines a number of nuggets in a relatively small area. This is called finding a patch! (more…)

By Bob711, ago