Adam’s condition had been deteriorating every step of the way. At times, I could only coax him ten or twenty feet before he laid down again. He refused to eat or drink. At this point, I realized we might not get out of the canyon by dark and might need help getting Adam out at all.
While the bullion value of the nugget is already substantial, the size and rarity of the Ausrox Nugget combine to make its worth invaluable in the collector market.
While gold’s chart has recently confirmed its short-term negative trend, the intermediate trend remains neutral while gold’s long-term chart is beginning to show some positive indications.
- Getting back to nature...
- When tin is more valuable than gold
- Bill to limit Antiquities Act
- PLF seeks relief from Endangered Species Act abuses
Were there insufficient values to continue mining at this site?
One prime example is an area that I have talked about in many of my articles. This is a very large area and I will actually describe its location again.
I recently had the opportunity to spend a day exploring around Butte, Montana and was amazed by the amount of mining that has taken place there. The old-timers called Butte “the richest hill on earth” and had pretty good reasons for doing so.
The nugget sat there in plain sight, though it was covered in dirt, while hundreds of people had passed that way every day.
The old timers typically washed these areas down to bedrock, and some areas appear terraced. I would imagine this is because these hydraulic mines were generally where the miners found old Tertiary river channels on the sides of mountains that were gold-bearing.
Perhaps the heart of our pro-gold thesis is this consideration: governments are inherently inefficient, they attempt to provide services far beyond their genuine fiscal ability and these trends result in deficit financing, growing debt levels and ultimate “watering” down of currency values.