De Beers Undergoes Overhaul
August 2001 by Associated PressBehind every diamond engagement ring, every diamond earring, every glittering, multicarat expression of true love once loomed the shadow of De Beers, the cartel that controlled—and, some argue, created—the international diamond industry.
The Northern Territory has about six hundred proven gold deposits and has produced nearly 12 million ounces with a further 15 million ounces to be recovered. While the early hard rock miners were eventually blocked by water flows...
• By the numbers...
• National Debt
One of the most memorable nuggets I found in Australia was detected on the very last day that I was out prospecting. I was going along swinging my coil and I came across a blaring loud signal that almost blew my ears off.
Since the New Deal of the 1930s, government has grown increasingly proficient at squeezing—not extra profits—but individual freedoms from the very people they are empowered to protect. By first taking our money in the form of taxes, the government then offers to return some of it, but only if it is used for the purposes dictated by the government.
We are now seeing declines in gold followed quickly by rallies to new relative highs while powerful stock market rallies are met with aggressive new selling. Whether this pattern will continue into the future is debatable, but it certainly is a welcome background for the much-battered world of precious metals investing.
My first encounter with rocks and minerals started as a young child in the company of my siblings investigating the rocky mounds placed around the Australian coastline to help prevent erosion just north of Brisbane...
• Affordable housing... for the rich!
• Thank goodness we have rules to eliminate wateful spending
The Bawl Mill • Our Readers Say • The Public Process—Getting Involved and Making a Difference • Pacific Northwest Miners Request Help • USFS Roadless Comments Reopened • Flat-Fault Gold • Basic Drywashing Principles • Fields of Gold • Picks & Pans: All That Glitters Pans Out Well! • Gold in Michigan • Update on the West Mojave Desert Planning Area • 2001 Inductees to the National Mining Hall of Fame • Company Notes • The Spanish Silver of Mowry • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices