gold

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They Went Underground in Search of Gold, Stayed for Years

Inside South Africa's abandoned gold mines and the zama-zamas who enter them

(Newser) - More than 40% of all the gold ever mined on Earth has come from South Africa's mines—and it's thought that zama-zamas mine about 10% of what the country annually produces each year. That's the name (it roughly translates to "take a chance") that's...

FBI Photos Have One Man Convinced Agency Did Find Gold

Dennis Parada's quest to get more FBI records on Dents Run continues

(Newser) - The court-ordered release of a trove of government photos, videos, maps, and other documents involving the FBI's secretive search for Civil War-era gold has a treasure hunter more convinced than ever of a coverup—and just as determined to prove it. Dennis Parada waged a legal battle to force...

Science May Have a Remedy for Your Fogged-Up Glasses

Researchers say an invisible, super-thin coating of gold could keep lenses heated, fogginess at bay

(Newser) - If you wear eyeglasses, you're unwillingly part of a select club that experiences a particular annoyance whenever the weather gets cold or you have to don a face mask: glasses that fog up. Scientists out of Switzerland, however, are excited about what they say could be the solution to...

Forrest Fenn's Treasure Is Being Sold Piece by Piece

Much of the haul, sold by finder Jack Stuef to a group of buyers, is now on the auction block

(Newser) - If you searched in vain for Forrest Fenn's treasure, you can still get your hands on a piece of it. The mass of gold Jack Stuef discovered somewhere in the Rocky Mountains of Wyoming in June 2020, more than a decade after Fenn revealed a trail of clues to...

Hunt for 9 Tons of Lost Gold Leads to ... a Long Story

There are facts, but they may not point to actual lost treasure

(Newser) - There are some verifiable, undeniable facts in this winding story about an alleged lost hoard of Civil War gold. First there's the document describing it, titled "The Lost Gold Ingot Treasure," in the archives at the Military History Institute in Carlisle, Pennsylvania. It tells of a Union...

World Leaders Now Going After Russia's 2nd-Largest Export

G-7 nations will ban gold shipments

(Newser) - President Biden said Sunday in Germany that the US and other Group of Seven nations will ban imports of gold from Russia—Moscow's second largest export after energy. A formal announcement was expected Tuesday as the leaders hold their annual summit. Senior Biden administration officials said banning gold would...

A New Gold Rush in California? Some Think It's Worth It

There's newfound interest in mines shuttered decades ago

(Newser) - If the term "California gold rush" makes you think of the mid-1800s, get ready to be jerked forward in time. In a piece published by the Atlantic , Becki Robins explores the potential birth of a second gold rush in the state through the lens of Rise Gold, a mining...

Treasure Hunters Sue to Find Out If FBI Found Gold

Dennis, Kem Parada think they found gold lost in 1863, told FBI of it

(Newser) - Treasure hunters who believe they located a huge cache of fabled Civil War-era gold in Pennsylvania are now on the prowl for something as elusive as the buried booty itself: government records of the FBI's excavation. Finders Keepers filed a federal lawsuit against the Justice Department over its failure...

High-Profile Data Company Makes Unusual Investment

Palantir buys $51M worth of gold as a hedge against 'black swan event'

(Newser) - In its latest SEC filing, the data analytics firm Palantir revealed what Bloomberg calls an "unusual investment strategy." The company bought $51 million worth of gold bars. "You have to be prepared for a future with more black swan events," chief operating officer Shyam Sankar tells...

Man Seeking Stash of 'Nazi Gold' Killed 4 Relatives

There's no sign stash ever existed

(Newser) - A Frenchman obsessed with a supposed stash of gold hidden from the Nazis has been sentenced to 30 years for murdering and dismembering four family members. Investigators say there is no sign the treasure ever existed. Prosecutors said Hubert Caouissin thought his brother-in-law Pascal Troadec had concealed gold bars that...

Brewery's 'Solid Gold' Beer Cans a Solid Scam: Contest Winners

Winners of BrewDog contest say 'solid gold' beer cans allegedly worth $20K are actually gold-plated

(Newser) - Poet George Arnold preferred beer to gold , but winners of a Scottish brewery's recent giveaway were led to believe they'd be getting both, and they're now torqued about what was actually delivered. The UK's Advertising Standards Authorities says it's looking into claims by those who...

Court Docs Prove Feds Sought Fabled Pennsylvania Gold

FBI agent applied for warrant in 2018 to keep Civil War-era cache out of state's hands

(Newser) - An FBI agent applied for a federal warrant in 2018 to seize a fabled cache of US government gold he said was "stolen during the Civil War" and hidden in a Pennsylvania cave, per court documents unsealed Thursday. The newly unsealed affidavit confirms previous reporting by the AP that...

As Gold Bars Arrived at LAX, Workers Allegedly Got Greedy

2 cargo handlers charged with stealing gold worth $224K

(Newser) - The theft of four gold bars from a shipment sent to Los Angeles International Airport could send two cargo handlers to prison for up to 15 years. South Los Angeles residents Marlon Moody, 38, and Brian Benson, 35, were arrested Tuesday by the FBI on charges of conspiracy and theft...

FBI May Have Been Digging for Lost Gold

Official line is that no treasure was found, but not everyone is so sure

(Newser) - Go for the gold? The US government went for it. FBI agents were looking for an extremely valuable cache of fabled Civil War-era gold—possibly tons of it—when they excavated a remote woodland site in Pennsylvania three years ago this month, according to government emails and other recently released...

Treasure Hunters Say FBI Cheating Them Out of Old Gold

Lawyer is pushing to unseal records following 2018 dig in Pennsylvania

(Newser) - A lawyer says he's one step closer to uncovering the truth about a legendary treasure of Civil War gold said to have been lost in the Pennsylvania wilderness, reports Penn Live . The FBI excavated a site in Elk State Forest in 2018, acting on a tip from treasure hunting...

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...

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