gold

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To Get to $7B in Gold, They Have to Wrangle Rare Rodents

Ed Stoddard at Undark describes the conservation project around Chilean mine

(Newser) - An effort to pull 3.5 million ounces of gold from a site high in the mountains of northern Chile is expected to cost $860 million—$400,000 of which has already been spent on rodents. A colony of 25 endangered short-haired chinchillas has made a home at the site...

Trucks Relocate Nearly $12B in Gold Bullion

(Newser) - This really was the gold standard of road trips. The Netherlands' central bank transported its Dutch-based stock of gold—14,000 bars and about 1,000 boxes of gold coins—from its headquarters in Amsterdam to a safe in the nearby city of Haarlem in a meticulously and closely guarded...

It Took Months to Get Their Mining Permit. It Was Worth the Wait

Family members find 2 gold nuggets worth at least $250K in Australia

(Newser) - It was an exciting episode Thursday of Aussie Gold Hunters on Discovery, with a family find that could soon make them several hundred thousand dollars richer. Prospector Brent Shannon searches for gold in Australia with his brother-in-law Ethan West as the "Poseidon Crew," and West says he has...

Customer Orders 'Priciest Facemask in the World'

3.6K white and black diamonds add to the glitz

(Newser) - An Israeli jewelry company is working on what it says will be the world's most expensive coronavirus mask, a gold, diamond-encrusted face covering with a price tag of $1.5 million, the AP reports. The 18-karat white gold mask will be decorated with 3,600 white and black diamonds...

'If There Ever Was a Week to Pay Attention, This Is Likely the One'

Rally resumes ahead of 2-day Fed meeting

(Newser) - Wall Street’s rally got back on track Monday, while gold rushed to a record at the start of a week packed with potentially market-moving events. The S&P 500 rose 0.7% to more than recover all its losses from last week, as Apple and other tech giants returned...

Switzerland Seeks Owner of Gold Left on Train

Somebody walked off a train last fall and left $200K in gold behind

(Newser) - Authorities in Switzerland are trying to locate a person who left more than six pounds of gold on a train and apparently didn't miss it. Police say the gold, worth almost $200,000, was left in a parcel on a train between St. Gallen and Lucerne last October, the...

SS Officer's Diary Points to Billions in Looted Gold

Owners of Polish palace plan to search for buried well

(Newser) - Rumors of a Nazi gold train in Poland resulted in nothing . But a new gold rush could be coming with the airing of a 75-year-old diary written by an SS officer in charge of transport, who describes 11 locations where Nazis hid gold, jewels, priceless paintings, and religious artifacts. The...

Nation Makes Stunning Gold Find. Or Does It?

Reports out of India are a little confusing

(Newser) - India has hit a gold motherlode of over 3,000 tons across multiple mines, worth about $167 billion—or it hasn't. Take your pick, based on the media report. The Deccan Herald and Hindustan Times are among outlets reporting that the Geological Survey of India (GSI), a federal mining...

He Thinks He Found $55M in Gold. There's a Problem

Joe Pennisi can't attempt to retrieve the possible treasure

(Newser) - Around 2am one September night in 2014, Joe Pennisi started screaming in bed. His wife woke up, and he explained what had spurred the outburst: Video taken by GoPro cameras he had attached to the fishing net he used to trawl the seafloor off the California coast had captured a...

This Precious Metal Now Pricier Than Gold

Palladium is soaring amid tight supplies

(Newser) - Gold may be the best known precious metal, and it's currently selling for about $1,490 an ounce. But it's now in the rearview mirror of a different, lesser-known precious metal: palladium. About a year ago, palladium was selling at about $900 an ounce, notes Bloomberg . Today? More...

Appropriately Named Dog Helps Find a Gold Nugget

Discovery by 'Lucky' and his Australian family out for a Mother's Day stroll is worth about $25K

(Newser) - Not a bad Mother's Day morning: A family out for a stroll in Australia found a 20-ounce gold nugget estimated to be worth more than $24,000. "I actually walked right past it but my daughter pretty much kicked it as she was walking," the dad, who...

Hunt for Long-Lost Gold Runs Into Major Snag

Dominican authorities are investigating whether it's a scam

(Newser) - Thousands of Dominicans are seeking an immense treasure they believe is rightfully theirs—but it's an ocean away under lock and key, Bloomberg reports. Enter Johnny Portorreal Reyes, a charismatic 65-year-old lawyer who represents many Guzmáns and Rosarios, two families with similar legends of ancestors sending gold to...

Why Russia Is Stockpiling Gold, Dropping US Dollars

Does he see where the world is headed?

(Newser) - Russia is dumping US dollars and snapping up gold in an effort to move away from American assets, Bloomberg reports. Vladimir Putin has been amassing gold for a decade now, quadrupling the nation's bullion reserves, but 2018 marked a record as the country bought 274 tons of bullion worth...

FBI: No Civil War Gold Here. Treasure Hunters: Oh Yeah?

Father-son team think the agency secretly grabbed up to $250M worth of the precious metal in Pa.

(Newser) - The father-son duo of Dennis and Kem Parada spent years combing a bit of Pennsylvania wilderness with high-end metal detectors to prospect for a fabled cache of Civil War gold. They felt certain they'd found the hiding place, but at the end of the court-sanctioned excavation, the FBI in...

'Once in a Lifetime': $11M Worth of Gold Unearthed in Just One Blast

Miners in Australia discover 'mother lode'

(Newser) - With just one blast, miners in Western Australia unearthed two large quartz rocks containing gold estimated to be worth about $11 million, bringing the cache to the surface over four days. Australian miners often extract just 2g of gold per ton of rock—an expert says the gold particles are...

Man Who Smuggled Gold in Rectum Wins Economic Argument

Leston Lawrence thought he shouldn't have to pay back $190K

(Newser) - A Canadian man who smuggled six figures' worth of gold out of the country's mint in his rectum and ended up in prison as a result scored a final court win—one centered around market forces and gold prices. As previously reported, Leston Lawrence was found guilty in...

Legendary Lost Gold May Have Been Found

FBI overseeing dig in Pennsylvania, where a Civil War fortune might be buried

(Newser) - It's the stuff of legend: A wagon from the Union Army supposedly lost a huge cache of gold bars while en route from Wheeling, West Virginia, to the US Mint in Philadelphia in 1863. More than 150 years later, the FBI is overseeing a dig in a Pennsylvania state...

Millions in Gold Sank in 1857; Now, It's for Sale

The 2nd haul from the SS Central America, discovered by jailed treasure hunter, goes on block

(Newser) - More than $50 million worth of gold that's described as the greatest lost treasure in US history is about to make its debut in California after sitting at the bottom of the sea for more than 160 years. The 3,100 gold coins, 45 gold bars, and 80 pounds...

His Buried Gold Could Still Be Hidden Around the Bay Area

Thank the 'scatter-brained' Granville P. Swift

(Newser) - On the heels of a renewed hunt for treasure in a tiny French village comes the tale of buried treasure in California. The San Francisco Chronicle takes a look back at one of the state's colorful historical figures: Granville P. Swift, the great-nephew of Daniel Boone who came to...

They Found $2M in Gold ... in Sewage

And that's just the annual amount discarded in Switzerland

(Newser) - There's more than cash going down the drain in Switzerland. About $2 million in gold and $1.8 million in silver ends up in Switzerland's sewers each year, according to an environmental study commissioned by the Swiss government. Strange as it sounds, researchers at the Swiss Federal Institute...

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